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Table 1. Economic Indicators for Middle Tennessee

%
Change
2009Q1-
2009Q2
%
Change
2008Q2-
2009Q2
2008Q2
2008Q3
2008Q4
2009Q1
2009Q2
Labor Force and Employment
Midstate
Total Employment
1,133,107
1,125,887
1,112,183
1,085,924
1,072,292
-1.3%
-5.4%
Labor Force
1,203,339
1,202,253
1,196,112
1,195,389
1,195,276
0.0%
-0.7%
Unemployed
70,232
76,366
83,929
109,465
122,985
12.4%
75.1%
Unemployment Rate
5.8%
6.4%
7.0%
9.2%
10.3%
Nashville MSA
Total Employment
757,508
751,902
744,261
729,280
718,842
-1.4%
-5.1%
Labor Force
799,091
798,212
794,182
794,172
793,154
-0.1%
-0.7%
Unemployed
41,583
46,310
49,922
64,892
74,312
14.5%
78.7%
Unemployment Rate
5.2%
5.8%
6.3%
8.2%
9.4%
Nonfarm employment
762,900
756,100
749,500
740,500
733,300
-1.0%
-3.9%
Tennessee Claims for Unemployment Compensation, Weekly Average
Initial Claims 6,904 7,863 10,707 14,546 13,770 -5.3% 99.5%
Continued Claims 47,313 54,089 70,114 100,879 117,279 16.3% 147.9%
Nashville MSA Housing Construction
New Residential Permits
  Single-Family
1,521
1,321
900
837
968
15.7%
-36.4%
  Multi-Family
281
358
975
139
178
27.5%
-36.8%
  Total
1,802
1,679
1,875
976
1,145
17.4%
-36.4%
Value of New Residential Units (million $)
  Single-Family
280.6
244.3
166.1
159.9
182.5
14.1%
-35.0%
  Multi-Family
22.6
20.5
72.6
11.9
14.8
24.3%
-34.6%
  Total
303.2
264.8
238.7
171.8
197.3
14.8%
-34.9%
Tourism, Davidson County
Total Air Passengers, Nashville International Airport
2,378,362
2,304,449
2,269,854
2,116,357
2,207,663
4.3%
-7.2%
Taxable Sales (estimates, million $)
Nashville MSA
7,364
7,171
6,811
6,621
6,367
-3.8%
-13.5%
Midstate
10,003
9,753
9,312
9,113
8,816
-3.3%
-11.9%

Notes: Seasonal adjustment with X11. Midstate = 41 counties; Nashville MSA = 13 counties. Sources: U.S. Department of Labor; Bureau of Labor Statistics; U.S. Bureau of the Census, Davidson County Clerk's office, Metropolitan Nashville Airport Authority; U.S. Bankruptcy Court, Middle Tennessee

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Table 2. Quarterly Nashville-Davidson-Murfreesboro MSA Nonfarm Employment (thousands)


Sector


2008Q2


2008Q3

 

2008Q4

 

2009Q1

 

2009Q2
%
Change
09Q1-
09Q2
%
Change
08Q2-
09Q2
Total Nonfarm  763.0  756.1  749.5  740.5  733.3
-1.0%
-3.9%
Total Private  660.1  654.0  646.7  638.3  630.1
-1.3%
-4.6%
Goods Producing 115.4 112.7 108.8 104.4 101.0 -4.1% -12.5%
Service Providing 647.5 643.6 640.5 636.0 632.3 -0.7% -2.3%
Private Service Providing 544.5 541.4 537.9 533.9 529.0 -0.7% -2.9%
Natural Resources, Mining, and Construction 39.9 39.1 38.3 36.7 35.1 -4.2% -12.2%
Manufacturing  75.4  73.6  70.6 67.8 65.8
-3.9%
-12.7%
Durable Goods  51.1  49.4  46.8  44.7  43.2
-4.5%
-15.4%
Nondurable Goods  24.3  24.1  23.8  23.1  22.6
-3.0%
-7.1%
Trade, Trans., and Utilities 154.3 153.6 151.5 149.8 149.2 -1.2% -3.3%
Wholesale Trade  37.1  37.1  36.9  36.7 36.3
-0.4%
-2.1%
Retail Trade  87.2  86.9  85.5  84.2 84.4
-1.5%
-3.3%
Transportation and Utilities  29.9  29.6  29.2  28.9  28.4
-0.9%
-4.7%
Information  21.1  21.2  21.2  20.8  20.6
-1.6%
-2.7%
Financial Activities  46.1  46.1  45.9  45.7  45.4
-0.6%
-1.5%
Finance and Insurance  35.6  35.5  35.3  35.2  35.1
-0.4%
-1.4%
Real Estate and Rental and Leasing  10.5  10.6  10.6  10.5  10.3
-1.4%
-1.9%
Professional and Business Services  101.7  99.3  97.4  96.4  94.2
-1.0%
-7.3%
Professional, Scientific, and Technical Services  38.5  38.2  37.8  37.2  36.6
-1.6%
-4.9%
Management of Companies and Enterprises  9.8  9.7  9.7  9.8  9.8
1.1%
0.4%
Administrative & Support & Waste Mgt. & Remediation Services 53.3 51.5 50.0 49.3 47.7 -1.4% -10.6%
Educational and Health Services  110.9  111.1  111.9  112.5  111.9
0.6%
1.0%
Educational Services  18.6  18.6  18.9  19.1  18.4
1.1%
-0.8%
Health Care and Social Assistance   92.3  92.5  93.0  93.5  93.5
0.5%
1.3%
Leisure and Hospitality  80.1  79.7  79.8  79.0  78.4
-1.0%
-2.1%
Arts, Entertainment, and Recreation  9.9  9.6  9.6  9.4  9.5
-1.7%
-3.7%
Accommodation and Food Services  70.1  70.1  70.3  69.6  68.8
-0.9%
-1.9%
Accommodation  12.2  11.9  12.0  11.8  11.6
-1.5%
-4.4%
Food Services and Drinking Places  58.8  58.2  58.3  57.8  57.1
-1.0%
-1.4%
Other Services  30.6  30.4  30.0  29.5  29.4
-1.6%
-3.9%
Government  102.9  102.3  102.6 102.0  103.4
-0.6%
0.5%

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Table 3. Economic Indicators for Chattanooga MSA and Clarksville MSA

 
%
Change
2009Q1- 2009Q2
%
Change
2008Q2-
2009Q2
Series (seasonally adjusted)
2008Q2
2008Q3
2008Q4
2009Q1
2009Q2
Chattanooga MSA
Nonfarm employment (thousands)
246.5
245.1
243.8
242.7
249.4
-1.4%
-2.9%
Unemployment rate
5.3
6.0
6.7
8.1
9.3
Taxable sales (million $)
1,689.2
1,634.4
1,620.2
1,544.3
1,514.3
-1.9%
-10.4%
Permit-authorized housing construction
  Total
344
293
204
216
230
6.2%
-33.2%
  Single-family
305
247
188
189
211
11.8%
-30.8%
 
Clarksville MSA
Nonfarm employment (thousands)
83.9
83.2
82.5
81.4
81.0
-0.5%
-3.4%
Unemployment rate
6.6
7.3
7.7
9.4
10.2
Taxable sales (million $)
579.1
556.6
571.5
590.6
582.1
-1.4%
0.5%
Permit-authorized housing construction
  Total
229
399
269
397
291
-26.8%
26.7%
  Single-family
203
282
218
300
238
-20.7%
17.6%

Note: Taxable sales and permit-authorized housing construction are quarterly sums of activity.

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