EconSouth (Fourth Quarter 2006)

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Volume 8, Number 4
Fourth Quarter 2006

Southeastern Economic Indicators

Alabama Florida Georgia Louisiana Mississippi Tennessee 6th
District
U.S.
Total Payroll Employment (thousands)a 2006Q3 1,979.3 8,088.0 4,090.6 1,787.4 1,140.2 2780.0 19,865.5 135,595
% change from 2006Q2 0.0 0.6 0.3 1.2 0.5 0.0 0.5 0.3
% change from 2005Q3 1.5 3.1 1.9 –5.0 1.2 1.2 1.5 1.4
Manufacturing Payroll Employment (thousands)b 2006Q3 300.5 398.2 450.2 145.7 175.3 402.4 1,872.3 14,287.7
% change from 2006Q2 –0.7 –0.7 0.6 1.0 –0.5 –0.8 –0.3 0.2
% change from 2005Q3 0.6 –0.3 –0.1 –3.7 –0.7 –1.3 –0.6 0.2
Civilian Unemployment Ratea 2006Q3 3.6 3.3 4.6 3.3 7.4 5.4 4.1 4.7
Rate as of 2006Q2 3.6 3.1 4.8 4.9 7.4 5.5 4.2 4.6
Rate as of 2005Q3 3.9 3.6 5.4 7.8 8.3 5.5 5.0 5.0
Existing Single-Family Home Sales (thousands of units)c, d 2006Q3 121.7 367.3 253.7 90.7 57.0 175.7 1,066.1 6,270.0
% change from 2006Q2 –2.6 –12.3 0.5 3.9 –10.5 –1.6 –5.3 –6.2
% change from 2005Q3 –4.6 –34.2 2.5 4.5 4.0 1.0 –14.6 –12.7
Single-Family Building Permits YTD (units)b 2006Q3 19,121 126,030 65,833 15,892 10,877 30,000 267,753 1,122,284
% change from 2005Q3 3.7 –22.6 –4.8 2.6 27.0 –1.9 –12.2 –14.0
Personal Income
($ billions)c
2006Q2 144.0 648.0 301.0 132.4 77.7 195.3 1,498.4 10,882.8
% change from 2006Q1 1.7 2.0 1.6 0.8 1.1 1.8 1.7 1.7
% change from 2005Q2 7.5 7.9 7.5 5.4 7.3 6.8 7.4 7.3

Atlanta Birmingham Jacksonville Miami Nashville New
Orleans
Orlando Tampa
Total Payroll Employment (thousands)b, e 2006Q3 2,400.8 525.4 621.4 2,434.4 754.3 438.3 1,078.7 1,313.2
% change from 2005Q3 2.2 1.2 2.6 2.4 2.5 –19.1 3.8 2.3
Civilian Unemployment Rateb, e 2006Q3 4.6 3.5 3.6 3.8 4.3 4.4 3.2 3.3
  2005Q3 5.4 3.7 3.9 4.0 4.2 9.8 3.5 3.7
Office Vacancy Rateb 2006Q3 19.4 13.9 8.1 10.3 7.6 10.7
Rate as of 2005Q3 21.3 15.4 11.9 9.1 12.1 13.3
Median Existing Home Sale Price (thousands of $U.S.)b 2006Q3 176.1 165.2 196.1 365.1 177.9 174.5 271.0 234.0
Median price
as of
2005Q3 171.2 158.4 187.0 386.6 164.3 162.1 261.3 231.5

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 Economy.com.

For more extensive information on the data series shown here, see www.frbatlanta.org/publica/econ_south/2006/q4/dist_data.cfm.

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