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National & regional economies.
Pub Date:
09/22/2010
Publication:
Name: Business Perspectives Publisher: University of Memphis Audience: Trade Format: Magazine/Journal Subject: Business; Business, regional Copyright: COPYRIGHT 2010 University of Memphis ISSN: 0896-3703
Issue:
Date: Fall-Winter, 2010 Source Volume: 20 Source Issue: 3

Accession Number:
249381536
Full Text:
National Economic Indicators

                                November    September     October
                                  2009         2010         2010

Consumer Confidence (1)             50.6         48.6         49.9
ISM Manufacturing Index (2)         53.6         54.4         56.9
Consumer Price Index
  (USA City Average for            216.3        218.4        218.7
  All Urban Consumers) (3) *
Retail and Food Services       351,764      369,440      375,571
  Sales (4) ($ Millions)
  30-Year Mortgage Rate (5)          4.88         4.35         4.23
Housing Starts (000) (6)           579          588          519

                                November     Percent
                                  2010       Change

Consumer Confidence (1)             54.1     +6.9
ISM Manufacturing Index (2)         56.6     +5.6
Consumer Price Index
  (USA City Average for            218.8     +1.2
  All Urban Consumers) (3) *
Retail and Food Services       378,706       +7.7
  Sales (4) ($ Millions)
  30-Year Mortgage Rate (5)          4.30   -11.9
Housing Starts (000) (6)           --          --

* Not seasonally adjusted.

P = Preliminary estimate.

(1) The Conference Board, www.conference-board.org.

(2) Institute of Supply Management (ISM) Manufacturing Report
on Business.

(3) Bureau of Labor Statistics.

(4) Economic Indicators. Gov-Economics and Statistics
Administrations, www.economicindicators.gov/.

(5) The Board of Governors of the Federal Reserve System, The
Federal Reserve Bank, St. Louis, Missouri. All monthly 30-year
mortgage statistics in this table are reported for the third
weekly observation for each month.

(6) The Board of Governors of the Federal Reserve System, The
Federal Reserve Bank, St. Louis, Missouri.

National Unleaded Average Retail Gasoline Prices

                              Regular    Mid    Premium   Diesel

December 21, 2010, Average     $2.98   $3.17     $3.28    $3.26
December 20, 2010, Average     $2.98   $3.17     $3.28    $3.26
December 14, 2010, Average     $2.98   $3.16     $3.28    $3.25
November 21, 2010, Average     $2.88   $3.05     $3.16    $3.19
December 21, 2009, Average     $2.59   $2.75     $2.85    $2.79

Source: Daily Fuel Gauge, AAA.com, http://www.fuelgaugereport.com/.

Memphis, Tennessee, Unleaded Average Retail Gasoline Prices

                             Regular    Mid    Premium   Diesel

December 21, 2010, Average    $2.83   $2.99     $3.14    $3.10
December 20, 2010, Average    $2.82   $2.99     $3.13    $3.09
December 14, 2010, Average    $2.83   $3.00     $3.14    $3.07
November 21, 2010, Average    $2.67   $2.83     $2.96    $3.00
December 21, 2009, Average    $2.43   $2.57     $2.70    $2.68

Source: Daily Fuel Gauge, AAA.com, http://www.fuelgaugereport.com/
TNmetro.asp.

Interest Rates, November 2009 and October and November 2010

                        November   October    November
                          2009      2010       2010      Difference

3-Month Treasury Bill     0.19      0.13        0.14        -0.05
6-Month Treasury Bill     0.15      0.18        0.18         0.03
10-Year Treasury Bill     3.40      2.54        2.76        -0.64
30-Year Treasury Bill     4.31      3.87        4.19        -0.12
Effective Fed Funds       0.12      0.18        0.18         0.06
Bank Prime Rate           3.25      3.25        3.25         0.00
AAA Corporate Bond        5.19      4.68        4.87        -0.32
30-Year Mortgage          4.88      4.23        4.30        -0.58

Source: St. LOUIS Federal Reserve BanK.

National and Regional Unemployment Rates, Seasonally Adjusted,
November 2009 and September 2010-November 2010

                                                              Percent
                                                              Change
                                                             November
                                                               2009-
                 November   September   October   November   November
                     2009        2010      2010      20101     2010

United States        10.0         9.6       9.6        9.8      -2.0
Alabama              10.9         8.9       8.9        9.0     -17.4
Arkansas              7.6         7.7       7.8        7.9       3.9
Georgia              10.2         9.9       9.8       10.1      -1.0
Kentucky             10.7        10.1      10.0       10.2      -4.7
Louisiana             7.3         7.8       8.1        8.2      12.3
Mississippi          10.4         9.8       9.7        9.9      -4.8
Missouri              9.6         9.3       9.4        9.4      -2.1
Tennessee            10.7         9.4       9.4        9.4     -12.1
Memphis MSA *        10.3         9.5       9.5        --        --

* Not seasonally adjusted.

P = Preliminary.

Source: U.S. Census Bureau, U.S. Bureau of Labor Statistics.

National and Regional Unadjusted Housing Permits Issued,
October 2009 and August 2010-October 2010

                                                         Percent
                                                          Change
                                                         October
                                                          2009-
                October   August   September   October   October
                   2009     2010        2010      2010     2010

United States    46,525   53,191      47,099    44,043     -5.3
Alabama             725      623         738       806    -11.2
Arkansas            588      845         522       360    -38.8
Georgia           1,328    1,382       1,156       928    -30.1
Kentucky            574      640         540       734     27.9
Louisiana         1,016      921         965       911     -3.8
Mississippi         389      480         383       353     -9.3
Missouri            707      886         807       653     -7.6
Tennessee         1,200    1,677       1,249       931    -22.4
Memphis MSA         144      257         131       156      8.3

Source: U.S. Census Bureau.

Unemployment Rates, Memphis MSA, October 2009 and September
and October 2010

Timpton County, TN
October 2009: 12.2
September 2010:10.2
October 2010: 10.4

Crittenden County, AR
October 2009: 9.3
September 2010: 10.2
October 2010: 9.4

Shelbby County, TN
October 2009: 10.6
September 2010: 9.7
October 2010: 9.8

Fayette County, TN
October 2009: 11.6
September 2010: 9.8
October 2010: 10.2

DeSoto County, MS
October 2009: 7.0
September 2010: 7.1
October 2010: 7.0

Tunica County, MS
October 2009: 12.9
September 2010: 14.4
October 2010: 13.6

Tate County, MS
October 2009: 10.7
September 2010: 10.2
October 2010: 9.8

Marshall County, MS
October 2009: 10.9
September 2010: 10.9
October 2010: 11.0

Note: Not seasonally adjusted.

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Total Privately-Owned Residential Building Permits Issued, Memphis
MSA, October 2009, and Percent Change, October 2009-2010

Tipton County, TN
Permits Issued: 6
Percent Change: -40.0%
Crittenden County, AR
Permits Issued: 6
Percent Change: -14.3%
Shelby County, TN
Permits Issued: 97
Percent Change: 76.4%
Fayette County, TN
Permits Issued: 7
Percent Change: -61.1%
DeSoto County, MS
Permits Issued: 34
Percent Change: -17.1%
Tunica County, MS
Permits Issued: 0
Percent Change: -100.0%
Tate County, MS
Permits Issued: 4
Percent Change: 42.9%
Marshall County, MS
Permits Issued: 2
Percent Change: 60.0%

Source: U.S. Census Bureau.
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