EconSouth (Second Quarter 2003)

Southeastern Economic Indicators
    Alabama Florida Georgia Louisiana Mississippi Tennessee 6th  
District
U.S.
Total Payroll Employment (thousands)a 2003Q1 1,877.0 7,253.5 3,903.2 1,898.9 1,126.2 2,663.5 18,723.0 130,596.3
  % change from 2002Q4 –0.5 0.1 –0.1 0.1 –0.2 –0.1 0.0 –0.2
  % change from 2002Q1 –0.5 1.4 –0.2 0.1 0.1 0.2 0.5 –0.1
Manufacturing Payroll Employment (thousands)a 2003Q1 297.0 396.6 457.8 158.7 183.4 415.6 1,909.1 16,394.0
  % change from 2002Q4 –3.8 –1.7 –4.2 –0.6 –0.7 –2.0 –2.5 –0.8
  % change from 2002Q1 –4.5 –3.9 –1.9 –2.2 –4.5 –3.1 –3.3 –2.9
Civilian Unemployment Rate 2003Q1 5.6 5.3 4.6 5.8 6.2 4.8 5.2 5.8
  Rate as of 2002Q4 5.9 5.3 5.3 6.2 7.0 4.9 5.5 5.9
  Rate as of 2002Q1 5.8 5.6 5.0 6.1 6.6 5.4 5.6 5.6
Single-Family Building Permits (units)b 2003Q1 15,404.2 139,422.2 72,608.7 15,286.5 9,505.5 28,366.9 280,594.0 1,338,381.5
  % change from 2002Q4 –5.3 –0.8 –2.0 –2.3 4.2 –6.1 –1.9 –4.8
  % change from 2002Q1 –0.1 6.2 –0.5 0.1 7.0 0.9 3.2 3.1
Multifamily Building Permits (units)b 2003Q1 3,938.8 54,949.7 17,698.0 745.7 1,711.4 2,805.9 81,849.6 411,216.8
  % change from 2002Q4 158.1 7.3 –20.5 –80.7 –8.2 –39.8 –4.8 –1.6
  % change from 2002Q1 56.9 –9.7 –22.1 –60.7 –57.6 –40.6 –15.4 1.4
Personal Income
($ billions)b
2002Q4 114.2 502.0 249.3 115.6 65.2 162.5 1,208.9 9,035.0
  % change from 2002Q3 0.9 1.1 0.9 1.2 1.1 0.9 1.0 0.9
  % change from 2001Q4 4.0 4.8 3.4 4.2 4.4 5.0 4.4 3.9
 
    Atlanta Birmingham Jacksonville Miami Nashville New   
Orleans
Orlando Tampa
Total Payroll Employment (thousands)a 2003Q1 2,179.6 479.1 565.0 1,022.3 673.7 611.7 915.9 1,231.7
  % change from 2002Q4 0.5 0.2 0.4 –0.1 –0.1 0.3 0.1 0.7
  % change from 2002Q1 0.0 –0.3 1.0 0.9 0.7 –0.3 1.6 1.1
Civilian Unemployment Rate 2003Q1 4.9 4.3 5.0 7.3 3.6 5.2 5.1 4.5
  Rate as of 2002Q4 5.3 4.6 5.1 7.4 4.0 5.4 4.9 4.6
  Rate as of 2002Q1 5.2 4.1 5.2 8.1 4.1 5.4 5.9 4.6

a Seasonally adjusted
b Seasonally adjusted annual rate

SOURCES: Payroll employment and civilian unemployment rate: U.S. Department of Labor, Bureau of Labor Statistics. Initial unemployment claims: U.S. Department of Labor, Employment and Training Administration. Single- and multifamily building permits: U.S. Bureau of the Census, Construction Statistics Division. Personal income: Bureau of Economic Analysis. Quarterly estimates of all construction data reflect annual benchmark revisions. All the data were obtained and seasonally adjusted by Regional Financial Associates. Small differences from previously published data reflect revisions of seasonal factors.

For more extensive information on the data series shown here, see the Atlanta Fed’s World Wide Web site at www.frbatlanta.org/publica/econ_south/2003/q2/dist_data.htm.



Total Payroll Employment Manufacturing Payroll Employment
Total Payroll Employment   Manufacturing Payroll Employment
Civilian Unemployment Rate Single-Family Building Permits
Civilian Unemployment Rate   Single-Family Building Permits
Multifamily Building Permits Personal Income
Multifamily Building Permits   Personal Income

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