EconSouth (Fourth Quarter 2004)

Southeastern Economic Indicators

    Alabama Florida Georgia Louisiana Mississippi Tennessee 6th  
District
U.S.
Total Payroll Employment (thousands)a 2004Q3 1,885.1 7,446.5 3,894.0 1,909.1 1,125.7 2,688.6 18,945.7 131,521.3
  % change from 2004Q2 0.3 0.2 0.4 -0.1 0.2 0.0 0.2 0.3
  % change from 2003Q3 0.7 2.0 0.8 0.7 0.9 0.7 1.2 1.3
Manufacturing Payroll Employment (thousands)b 2004Q3 290.0 382.9 447.8 155.1 180.1 413.9 1,869.7 14,462.3
  % change from 2004Q2 0.3 -1.2 -0.7 -0.4 -0.2 0.2 -0.4 0.4
  % change from 2003Q3 -0.4 -0.5 0.2 0.0 2.1 0.3 0.2 0.0
Civilian Unemployment Ratea 2004Q3 5.8 4.6 4.1 5.5 6.0 4.8 4.8 5.4
  Rate as of 2004Q2 5.7 4.7 3.9 6.0 5.3 4.7 4.8 5.6
  Rate as of 2003Q3 5.8 5.2 4.7 6.8 6.3 6.0 5.5 6.1
Existing Single-Family Home Sales (thousands of units)c 2004Q3 128.5 685.0 231.3 105.6 71.1 233.9 1,455.4 7,663.0
  % change from 2004Q2 -4.3 -8.8 -1.3 -4.9 -4.4 2.3 -5.1 -1.7
  % change from 2003Q3 4.7 -1.6 12.3 -3.6 7.7 15.5 3.8 4.1
Single-Family Building Permits YTD (units)b 2004Q3 18,099 140,020 67,447 13,957 8,631 29,042 277,196 1,219,842
  % change from 2003Q3 9.4 21.2 13.4 9.1 10.6 16.1 16.9 11.0
Personal Income
($ billions)c
2004Q2 123.3 536.8 267.3 122.1 70.6 174.8 1,294.8 9,565.3
  % change from 2004Q1 1.2 1.8 1.6 0.9 1.5 1.3 1.5 1.5
  % change from 2003Q2 5.0 5.9 5.9 4.8 5.7 5.6 5.6 5.2
 
    Atlanta Birmingham Jacksonville Miami Nashville New   
Orleans
Orlando Tampa
Total Payroll Employment (thousands)b 2004Q3 2,179.3 474.9 572.5 1,001.2 690.4 610.2 944.2 1,237.9
  % change from 2003Q3 0.7 0.2 2.3 1.1 1.1 -0.2 2.2 1.2
Civilian Unemployment Rateb 2004Q3 4.4 4.7 5.0 6.3 3.7 5.2 4.3 3.8
  Rate as of 2003Q3 5.0 4.6 5.4 7.3 4.6 6.2 5.0 4.4
Office Vacancy Rateb 2004Q3 23.2 17.2 14.6 13.0 13.9 16.7
  Rate as of 2003Q3 23.1 18.3 15.6 16.1 14.7 16.9
Median Existing Home Sale Price (thousands of $U.S.)b 2004Q3 159.7 147.8 157.6 290.9 149.0 143.5 180.5 167.0
  Median price
  as of
2003Q3 157.5 139.0 141.1 237.3 144.6 139.6 154.0 150.2

a Seasonally adjusted
b Not seasonally adjusted
c Seasonally adjusted annual rate

SOURCES: Payroll employment and civilian unemployment rate: U.S. Department of Labor, Bureau of Labor Statistics. 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 by Haver Analytics.

For more extensive information on the data series shown here, see www.frbatlanta.org/publica/econ_south/2004/q4/dist_data.cfm.



Total Payroll Employment Manufacturing Payroll Employment
 
Civilian Unemployment Rate Single-Family Building Permits
 
Existing Home Sales Personal Income
 

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