EconSouth (Second Quarter 2005)

Southeastern Economic Indicators

    Alabama Florida Georgia Louisiana Mississippi Tennessee 6th  
District
U.S.
Total Payroll Employment (thousands)a 2005Q1 1,920.9 7,662.1 3,902.9 1,927.6 1,134.7 2,719.5 19,265.7 132,821.7
  % change from 2004Q4 0.4 1.0 0.1 0.5 0.5 0.2 0.6 0.4
  % change from 2004Q1 1.7 3.5 0.6 0.5 1.2 1.2 1.9 1.7
Manufacturing Payroll Employment (thousands)b 2005Q1 293.3 388.5 437.8 150.0 178.1 409.2 1,856.2 14,213.0
  % change from 2004Q4 –0.1 0.6 –1.0 –1.6 –0.6 –1.0 –0.6 –1.0
  % change from 2004Q1 2.2 0.8 –1.6 –1.0 –0.2 0.4 0.1 0.2
Civilian Unemployment Ratea 2005Q1 5.1 4.5 5.0 5.7 7.0 5.9 5.1 5.3
  Rate as of 2004Q4 5.4 4.7 4.8 5.8 6.8 5.3 5.1 5.4
  Rate as of 2004Q1 5.7 4.9 4.3 5.7 5.4 5.4 5.0 5.7
Existing Single-Family Home Sales (thousands of units)c, d 2005Q1 123.7 566.1 221.4 82.8 60.0 158.3 1,212.3 6,843.0
  % change from 2004Q4 4.7 13.4 -2.8 6.8 5.4 –2.3 6.2 –0.5
  % change from 2004Q1 15.5 5.8 14.2 7.1 7.9 8.6 8.8 8.3
Single-Family Building Permits YTD (units)b 2005Q1 6,131 49,524 21,577 5,129 2,654 9,129 94,144 369,243
  % change from 2004Q1 3.8 21.6 –0.2 27.6 –3.3 –0.4 11.8 5.4
Personal Income
($ billions)c
2004Q4 129.2 566.2 272.5 127.4 73.4 181.6 1,350.1 9,948.8
  % change from 2004Q3 2.5 3.5 2.5 2.2 2.2 1.9 2.8 2.6
  % change from 2003Q4 5.9 8.3 6.4 5.8 6.4 6.2 7.1 6.7
 
    Atlanta Birmingham Jacksonville Miami Nashville New   
Orleans
Orlando Tampa
Total Payroll Employment (thousands)b, e 2005Q1 2,253.1 509.9 587.5 2,336.9 715.3 618.0 1,000.1 1,292.6
  % change from 2004Q1 0.9 0.8 2.9 2.9 2.1 1.1 4.7 2.7
Civilian Unemployment Rateb, e 2005Q1 5.0 4.8 4.4 4.7 4.9 5.4 4.2 4.3
  Rate as of 2004Q1 4.5 4.5 5.3 5.4 4.5 4.6 4.8 4.3
Office Vacancy Rateb 2005Q1 22.2 16.9 14.3 11.0 13.3 15.0
  Rate as of 2004Q1 23.0 17.5 15.5 14.8 15.6 17.0
Median Existing Home Sale Price (thousands of $U.S.)b 2005Q1 159.5 152.1 164.4 315.7 152.1 141.2 194.4 172.8
  Median price
  as of
2004Q1 152.2 137.2 143.6 245.9 136.6 127.3 151.1 149.3

a Seasonally adjusted
b Not seasonally adjusted
c Seasonally adjusted annual rate
d Data include recent rebenchmarking and other data revisions.
e The Bureau of Labor Statistics has redefined some MSAs, adding more counties. Payroll and household statistics for some areas may be larger than previously reported.

SOURCES: Payroll employment and civilian unemployment rate: U.S. Department of Labor, Bureau of Labor Statistics. Existing home sales and median existing home sale price: National Association of Realtors. Single-family 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. Office vacancy rate: CB Richard Ellis. Most data were obtained from Haver Analytics.

For more extensive information on the data series shown here, see www.frbatlanta.org/publica/econ_south/2005/q2/dist_data.cfm.

 

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

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