EconSouth (Second Quarter 2006)

Southeastern Economic Indicators

Alabama Florida Georgia Louisiana Mississippi Tennessee 6th
District
U.S.
Total Payroll Employment (thousands)a 2006Q1 1,968.7 7,981.9 4,053.9 1,757.2 1,135.5 2,761.9 19,659.1 134,721.7
% change from 2005Q4 0.6 0.8 0.7 1.6 0.9 0.1 0.7 0.4
% change from 2005Q1 2.2 3.8 2.3 –8.8 0.3 1.3 1.5 1.5
Manufacturing Payroll Employment (thousands)b 2006Q1 301.5 399.6 445.9 142.4 176.0 404.4 1,869.8 14,132.7
% change from 2005Q4 0.3 –0.4 –0.4 –1.2 0.2 –0.4 –0.3 –0.7
% change from 2005Q1 2.9 0.8 –0.1 –6.8 –2.3 –1.3 –0.5 –0.3
Civilian Unemployment Ratea 2006Q1 3.6 3.1 4.8 4.6 8.2 5.1 4.2 4.7
Rate as of 2005Q4 3.7 3.5 5.3 10.2 9.3 5.5 5.1 4.9
Rate as of 2005Q1 4.3 4.1 5.1 5.5 6.9 5.5 4.8 5.2
Existing Single-Family Home Sales (thousands of units)c, d 2006Q1 133.2 469.6 245.2 98.8 70.4 178.0 1,195.2 6,796.7
% change from 2005Q4 –2.1 –5.9 –1.8 1.2 9.3 0.7 –2.3 –2.1
% change from 2005Q1 8.5 –15.7 7.7 22.9 17.3 10.4 –1.2 –2.1
Single-Family Building Permits YTD (units)b 2006Q1 6,753 51,257 22,006 5,409 3,218 10,359 99,002 374,331
% change from 2005Q1 10.1 3.5 2.0 5.5 21.3 13.5 5.2 1.3
Personal Income
($ billions)
c
2005Q4 135.9 607.1 289.4 128.2 76.6 189.0 1,426.3 10,490.7
% change from 2005Q3 2.3 1.9 1.9 97.9 7.0 1.4 6.8 2.3
% change from 2004Q4 5.4 6.6 5.6 1.6 5.3 4.5 5.4 4.7
Atlanta Birmingham Jacksonville Miami Nashville New
Orleans
Orlando Tampa
Total Payroll Employment (thousands)b, e 2006Q1 2,358.0 520.9 618.2 2,436.8 739.2 418.7 1,067.4 1,314.1
% change from 2005Q1 3.0 1.8 3.6 3.2 2.8 –31.2 4.7 3.3
Civilian Unemployment Rateb, e 2006Q1 4.8 3.6 3.1 3.3 4.3 6.6 2.9 3.1
Rate as of 2005Q1 5.3 4.1 4.3 4.4 4.7 5.2 4.0 4.2
Office Vacancy Rateb 2006Q1 19.2 13.5 10.5 10.3 9.3 12.6
Rate as of 2005Q1 22.2 16.9 14.3 11.0 13.3 15.0
Median Existing Home Sale Price (thousands of $U.S.)b 2006Q1 168.4 163.4 195.6 377.0 165.3 175.0 260.5 207.3
Median price
as of
2005Q1 159.5 152.1 164.4 339.0 152.1 142.3 194.4 172.8

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/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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