230 likes | 379 Views
Tennessee Economic Outlook. Professor Matthew N. Murray UT Center for Business and Economic Research March 29, 2010. Real GDP: 2005 to 2012. Source: IHS Global Insight, Inc. Tennessee Real GDP: 2005 to 2012.
E N D
Tennessee Economic Outlook Professor Matthew N. Murray UT Center for Business and Economic Research March 29, 2010
Real GDP: 2005 to 2012 Source: IHS Global Insight, Inc. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Real GDP: 2005 to 2012 Source: CBER-UT, An Economic Report to the Governor of the State of Tennessee: 2010. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Growth in Personal Income, Tennessee and the U.S. : 2005 to 2013 Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Nonfarm Employment:January 2008 to January 2010 (seasonally adjusted) Source: Bureau of Labor Statistics. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Nonfarm Employment:2006 to 2012 (seasonally adjusted) Source: Bureau of Labor Statistics and CBER-UT. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Nonfarm Employment by Sector: 1999, 2009 & 2019 Source: Bureau of Labor Statistics and CBER-UT. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Manufacturing Employment: 1999, 2009 & 2019 Source: Bureau of Labor Statistics and CBER-UT. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Monthly Total Nonfarm Employment Indexed to Beginning of Recession Note: Employment data are seasonally adjusted. Source: Calculated by CBER using data from the Bureau of Labor Statistics. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
TN Initial Unemployment Insurance Claims and Benefits Paid: Jan-07 to Feb-10 Source: U.S. Department of Labor. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Unemployment Rate: January 2010 Tennessee NSA 11.5%United States NSA 10.6% Less than 10.0% 10.0% to 14.9% 15.0% to 19.9% 20.0% or higher Note: County data are not seasonally adjusted. Source: Bureau of Labor Statistics. January SA rates: TN 10.7% US 9.7% Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Domestic Migration: 2000, 2007 & 2009 Source: U.S. Census Bureau. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Monthly SA Unemployment Rate Indexed to Beginning of Recession Note: Unemployment rate data are seasonally adjusted. Source: Calculated by CBER using data from the Bureau of Labor Statistics. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Building Permits:January 2005 to January 2010 Source: U.S. Census Bureau, Building Permits Survey (as reported in the State of the Cities Data System [SOCDS] database). Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Mortgage Delinquency Rate (90+ Days Past Due): 1995.1 to 2009.4 Source: Mortgage Bankers Association, National Delinquency Survey Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Loans In Foreclosure: 1995.1 to 2009.4 Source: Mortgage Bankers Association, National Delinquency Survey Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Growth in State Quarterly Tax Revenue:October-December 2008 to 2009(year over year % change) U.S. -4.1% Less than 10.0% -10.0% to -5.0% -4.9% to 0% Greater than 0% No data Source: Calculated by the Rockefeller Institute from Census data. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
TN Tax Collections, Total and Sales & Use:January 2007 to February 2010 Source: Tennessee Department of Revenue, Revenue Collections, monthly. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Monthly Sales & Use Tax Revenue Indexed to Beginning of Recession Source: Calculated by CBER using data from the Tennessee Department of Revenue. Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Actual and Adjusted Total Tennessee Tax Collections as a Share of Personal Income, 1970 to 2009 Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Tennessee Revenue Forecast: March 2010(millions of dollars) Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Total Tennessee Tax Revenues and Revenues as a Share of Personal Income, 2007 to 2019 Policy Change Scenario Policy Neutral Scenario Cyclical Forecast ← → History ← → Trend Forecast ← → Matthew N. Murray, Center for Business and Economic Research, UT Knoxville
Center for Business & Economic Research College of Business AdministrationThe University of Tennessee, Knoxville716 Stokely Management Center916 Volunteer BoulevardKnoxville, Tennessee 37996-0570 phone: 865.974.5441fax: 865.974.3100http://cber.bus.utk.edu Matthew N. Murray, Center for Business and Economic Research, UT Knoxville