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Leadership Jackson

Economic Indicators & Trends. Leadership Jackson. presented to. October 2004. 138 Carriage House Drive Jackson, Tennessee 38305 731-668-7367. Trade Area. Population. Retail Trade Area Madison County 2009 Projection 396,781 97,489 2004 Estimate 390,899 94,334

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Leadership Jackson

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  1. Economic Indicators & Trends Leadership Jackson presented to October 2004 138 Carriage House Drive Jackson, Tennessee 38305 731-668-7367

  2. Trade Area

  3. Population Retail Trade Area Madison County 2009 Projection 396,781 97,489 2004 Estimate 390,899 94,334 2000 Census 386,354 91,837 1990 Census 344,689 77,982 1980 Census 349,006 74,609 Growth 2004-2009 1.50% 3.34% Growth 1990-2000 12.09% 17.77% Growth 1980-1990 -1.24% 4.50%

  4. Population and Income By Households

  5. Per Capita Personal Income Trade Area Madison Co. Tennessee USA Per Capita Personal Income 1991 $ 13,957 $ 16,740 $ 22,022 $ 20,023 1996 $ 16,949 $ 20,442 $ 21,449 $ 23,255 2002 $ 21,847 $ 25,983 $ 27,611 $ 30,906

  6. Per Capita Personal Income

  7. Jackson/Madison County Single Family Dwelling Starts

  8. Retail Sales Madison County Trade Area Tennessee 2003 $ 1,576,124,267 $ 3,580,801,813 $ 68,871,245,371 1998 $ 1,425,593,030 $ 3,569,871,344 $ 68,605,817,272

  9. Retail SalesCompounded Annual Growth Rate Madison Henry Dyer Shelby Davidson TN 1986-1990 1991-1995 1996-2003 1986-2003 5.03% 7.56% 5.38% 6.63% 3.35% 6.16% 5.93% 5.65% 4.03% 5.79% 2.93% 4.12% 2.76% 5.97% 3.77% 4.56% 3.52% 5.92% 3.37% 4.58% 3.87% 6.08% 4.72% 5.47%

  10. Madison County, TN Retail Sales 2003 1998-2003 2002-2003 TOTAL Building Materials General Merchandise Food Stores Autos, Boats & Aircraft Service Stations Apparel & Accessories Furniture & Home Furnishings Eating & Drinking Other $ 1,576,124,267 $ 171,261,683 $ 322,387,661 $ 217,101,224 $ 335,918,208 $ 67,413,987 $ 60,422,995 $ 61,225,148 $ 147,235,351 $ 193,158,007 10.6% 17.2% 6.4% 15.8% 15.5% -10.7% 2.4% 7.9% 6.0% 15.0% 7.0% 13.1% 0.9% 12.0% 9.0% 26.9% 4.5% 5.9% 3.9% 2.2%

  11. West Tennessee Estimated 2002 Inleakeage/Outleakage of Retail Sales

  12. West Tennessee Estimated Inleakeage/Outleakage of Retail Sales

  13. Unemployment Rate

  14. Madison County Job Growth 1991 – 1996: 23.5% 1996 – 2003: 8.07%

  15. 2003Madison County Employment & Wages

  16. 2003 Madison County Distribution of Labor

  17. 2003 State of Tennessee Distribution of Labor

  18. 2003 United States Distribution of Labor* *Preliminary LBS Data

  19. Residency Profile of Madison County Workforce

  20. Workplace Changes • Major shift to flexible work schedule • Increase in telecommuting • Shift of medical coverage from employer to employee • Fewer people directly employed in manufacturing

  21. Areas to Watch • State economy’s growth in the automotive sector • Impact of growth and improvements in other regional trade areas • Slower population growth, recent growth projections are lower • Construction may slow after tornado recovery • Increase in percentage of retirees • Area colleges and universities to grow

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