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Table 1. Economic Indicators for Middle Tennessee

%
Change
2008Q4-
2009Q1
%
Change
2008Q1-
2009Q1
2008Q1
2008Q2
2008Q3
2008Q4
2009Q1
Labor Force and Employment
Midstate
Total Employment
1,134,585
1,134,259
1,125,610
1,112,275
1,085,743
-2.4%
-4.3%
Labor Force
1,198,477
1,205,105
1,202,166
1,195,272
1,195,516
0.0%
-0.2%
Unemployed
63,892
70,846
76,556
82,996
109,773
32.3%
71.8%
Unemployment Rate
5.3%
5.9%
6.4%
6.9%
9.2%
Nashville MSA
Total Employment
757,719
758,271
751,733
744,132
729,393
-2.0%
-3.7%
Labor Force
795,161
800,132
798,067
793,819
794,325
0.1%
-0.1%
Unemployed
37,442
41,861
46,334
49,686
64,933
30.7%
73.4%
Unemployment Rate
4.7%
5.2%
5.8%
6.3%
8.2%
Nonfarm employment
766,200
763,800
755,900
749,400
740,700
-1.2%
-3.3%
Tennessee Claims for Unemployment Compensation, Weekly Average
Initial Claims 6,034 6,979 7,919 10,941 13,699 25.2% 127.0%
Continued Claims 42,861 47,545 53,334 68,358 97,569 42.7% 127.6%
Nashville MSA Housing Construction
New Residential Permits
  Single-Family
1,555
1,552
1,328
895
817
-8.7%
-47.4%
  Multi-Family
285
219
359
990
165
-83.3%
-42.0%
  Total
1,840
1,772
1,687
1,885
983
-47.9%
-46.6%
Value of New Residential Units (million $)
  Single-Family
282.4
287.9
245.7
165.2
155.6
-5.8%
-44.9%
  Multi-Family
27.2
18.1
19.5
74.0
14.3
-80.7%
-47.5%
  Total
309.6
305.9
265.2
239.2
169.9
-29.0%
-45.1%
Tourism, Davidson County
Total Air Passengers, Nashville International Airport
2,424,168
2,387,255
2,308,030
2,269,291
2,106,013
-7.2%
-13.1%
Taxable Sales (estimates, million $)
Nashville MSA
7,448
7,379
7,167
6,802
6,613
-2.8%
-11.2%
Midstate
10,081
10,021
9,750
9,299
9,104
-2.1%
-9.7%

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


2008Q1


2008Q2

 

2008Q3

 

2008Q4

 

2009Q1
%
Change
08Q4-
09Q1
%
Change
08Q1-
09Q1
Total Nonfarm  766.1  763.8  755.9  749.4  740.7
-1.2%
-3.3%
Total Private  664.3  660.6  653.8  646.8  638.7
-1.3%
-3.9%
Goods Producing 117.6 115.4 112.7 108.9 104.5 -4.1% -11.2%
Service Providing 648.6 648.4 643.2 640.4 636.2 -0.7% -1.9%
Private Service Providing 546.7 545.0 541.2 537.8 534.2 -0.7% -2.3%
Natural Resources, Mining, and Construction 41.4 39.9 39.1 38.3 36.7 -4.3% -11.3%
Manufacturing  76.4  75.4  73.6  70.6 67.9
-3.8%
-11.1%
Durable Goods  51.8  51.1  49.4  46.8  44.8
-4.3%
-13.5%
Nondurable Goods  24.6  24.3  24.1  23.8  23.1
-2.9%
-6.1%
Trade, Trans., and Utilities 155.6 154.4 153.6 151.5 149.8 -1.1% -3.8%
Wholesale Trade  37.4  37.1  37.1  36.8 36.7
-0.4%
-1.8%
Retail Trade  88.4  87.3  86.9  85.5 84.2
-1.6%
-4.8%
Transportation and Utilities  30.0  29.9  29.6  29.1  28.9
-0.7%
-3.4%
Information  21.1  21.2  21.2  21.2  20.9
-1.6%
-1.2%
Financial Activities  46.4  46.1  46.1  45.9  45.6
-0.7%
-1.6%
Finance and Insurance  35.8  35.6  35.5  35.3  35.2
-0.3%
-1.7%
Real Estate and Rental and Leasing  10.6  10.5  10.6  10.6  10.5
-1.4%
-1.6%
Professional and Business Services  101.8  101.9  99.3  97.3  96.5
-0.9%
-5.2%
Professional, Scientific, and Technical Services  38.0  38.5  38.2  37.8  37.2
-1.5%
-2.0%
Management of Companies and Enterprises  9.9  9.8  9.7  9.7  9.8
1.3%
-0.6%
Administrative & Support & Waste Mgt. & Remediation Services 54.0 53.4 51.4 50.0 49.4 -1.3% -8.5%
Educational and Health Services  110.2  110.9  111.1  111.9  112.6
0.7%
2.2%
Educational Services  18.6  18.6  18.6  18.9  19.1
1.1%
2.4%
Health Care and Social Assistance   91.5  92.3  92.5  93.0  93.5
0.5%
2.2%
Leisure and Hospitality  80.5  80.1  79.7  79.8  79.2
-0.8%
-1.6%
Arts, Entertainment, and Recreation  9.8  9.9  9.6  9.6  9.4
-1.5%
-4.1%
Accommodation and Food Services  70.7  70.1  70.1  70.3  69.8
-0.7%
-1.3%
Accommodation  12.1  12.2  11.9  12.0  11.8
-1.1%
-2.2%
Food Services and Drinking Places  58.6  57.9  58.1  58.4  57.9
-0.8%
-1.1%
Other Services  31.0  30.7  30.4  30.0  29.5
-1.6%
-4.8%
Government  101.9  103.0  102.3 102.6  101.9
-0.7%
0.1%

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Table 3. Economic Indicators for Chattanooga MSA and Clarksville MSA

 
%
Change
2008Q4- 2009Q1
%
Change
2008Q1-
2009Q1
Series (seasonally adjusted)
2008Q1
2008Q2
2008Q3
2008Q4
2009Q1
Chattanooga MSA
Nonfarm employment (thousands)
248.0
246.4
245.1
243.9
242.8
-0.4%
-2.1%
Unemployment rate
4.8
5.3
6.0
6.6
8.2
Taxable sales (million $)
1,671.0
1,689.5
1,643.8
1,619.5
1,543.6
-4.7%
-7.6%
Permit-authorized housing construction
  Total
372
348
294
202
215
6.6%
-42.2%
  Single-family
300
309
247
186
188
1.2%
-37.3%
 
Clarksville MSA
Nonfarm employment (thousands)
84.8
83.9
83.2
82.5
81.4
-1.3%
-4.0%
Unemployment rate
5.8
6.6
7.3
7.7
9.4
Taxable sales (million $)
566.8
578.9
556.4
571.1
591.9
3.6%
4.4%
Permit-authorized housing construction
  Total
477
224
391
278
397
42.8%
-16.9%
  Single-family
236
199
285
222
298
34.2%
26.2%

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

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