EconSouth (Fourth Quarter 2007)

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Volume 9, Number 4
Fourth Quarter 2007

Southeastern Economic Indicators

Alabama Florida Georgia Louisiana Mississippi Tennessee 6th
District
U.S.
Total payroll employment (thousands)a 2007Q3 2,016.2 8,142.0 4,162.2 1,924.6 1,164.8 2,809.2 20,219.1 138,143.0
Percent change from 2007Q2 0.4 0.2 0.3 0.9 0.5 0.3 0.3 0.2
Percent change from 2006Q3 1.5 1.5 1.8 3.0 1.9 0.7 1.6 1.2
Manufacturing payroll employment (thousands)b 2007Q3 299.4 395.8 436.9 154.7 171.9 388.4 1,846.9 14,079.3
Percent change from 2007Q2 –0.4 –0.5 –1.3 0.2 –0.8 –1.1 –0.8 0.0
Percent change from 2006Q3 –1.1 –1.5 –2.4 0.8 –1.8 –2.5 –1.7 –1.4
Civilian unemployment ratea 2007Q3 3.7 4.0 4.5 4.0 6.3 4.3 4.3 4.6
Rate as of 2007Q2 3.4 3.4 4.3 4.3 6.3 4.4 4.0 4.5
Rate as of 2006Q3 3.6 3.3 4.6 3.7 6.7 5.2 4.1 4.7
Existing single-family home sales (thousands of units)c 2007Q3 117.2 252.8 204.0 76.4 58.8 153.6 862.8 5,423.0
Percent change from 2007Q2 –6.1 –21.1 –9.9 –2.6 –5.8 6.4 –9.8 –8.3
Percent change from 2006Q3 –5.2 –32.0 –17.5 –17.0 –3.3 –11.3 –19.3 –13.7
Single-family building permits YTD (units)b 2007Q3 15,121 60,816 44,946 12,895 8,939 23,532 166,249 806,306
Percent change from 2006Q3 –20.9 –51.7 –31.7 –18.9 –17.8 –21.6 –37.9 –28.2
Personal income
($ billions)c
2007Q2 149.5 701.4 318.9 142.0 82.7 203.7 1,598.2 11,595.4
Percent change from 2007Q1 1.3 1.6 1.1 1.3 1.4 1.3 1.4 1.2
Percent change from 2006Q2 6.0 6.6 7.1 6.5 6.1 4.7 6.4 6.4
                   

Atlanta Birmingham Jacksonville Miami Nashville New
Orleans
Orlando Tampa
Total payroll employment (thousands)b 2007Q3 2,454.4 534.7 635.1 2,429.5 761.3 504.7 1,100.9 1,320.6
Percent change from 2006Q3 2.2 1.0 2.0 1.5 1.0 3.8 2.5 1.2
Civilian unemployment rateb 2007Q3 4.5 3.5 4.1 4.1 3.5 4.4 4.0 4.3
Rate as of 2006Q3 4.7 3.5 3.6 3.8 4.2 4.5 3.3 3.5
Office vacancy rateb 2007Q3 18.5 13.7 7.7 9.7 8.9 12.9
Rate as of 2006Q3 19.4 13.9 8.1 10.3 7.6 10.2
Median existing home sale price (thousands of $U.S.)b 2007Q3 175.3 165.9 189.2 346.8 160.2 266.8 218.3
Median price
as of
2006Q3 176.1 165.2 196.1 365.8 174.5 271.0 234.0

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. 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/2007/q4/dist_data.cfm.

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