TRI-CITIES, TN-VA

 CONSOLIDATED STATISTICAL AREA

Economic Statistics - 2007

PREPARED BY THE FIRST TENNESSEE DEVELOPMENT DISTRICT

INDEX

Population  

Largest Manufacturing Employers
Population By Race Annual Average Wage Per Job
Median Age Per Capita Income Estimates
Employment by Industry Effective Buying Income
Quarterly Labor Force Quarterly Retail Sales

Annual Labor Force

Monthly Construction Activity

Annual Construction Activity


  POPULATION
2000-2006


2000
2003
2004
2005		 2006 % Change
 2000-2006
 480,091 485,541 486,775 489,851 493,796 2.8

          Source: 2006 American Community Survey

        

 

POPULATION BY RACE - 2006  

WHITE* BLACK* AMERICAN INDIAN* ASIAN* OTHER* HISPANIC TOTAL
472,424 15,134 3,877 1,908 453 5,870 493,796
PERCENT:            
96.7 3.1 0.8 0.4   1.0 100.0

    Numbers may not add due to rounding.
    *Not of Hispanic Origin    

    Source: U.S. Census Bureau Estimates

 

MEDIAN AGE
1990 - 2006

1990 1999 2000 2001 2002 2003 2004 2005 2006
36.5 39.4 39.7 39.7 40.2 39.0 39.2 38.7 39.1

                        Source: 2005 Survey of Buying Power, Sales and Marketing Management Magazine

   

 

2006 EMPLOYMENT BY INDUSTRY
JOHNSON CITY-KINGSPORT-BRISTOL, TN-VA CSA

  EMPLOYMENT % EMPLOYMENT % EMPLOYMENT TENNESSEE
Total Nonagricultural Employment 198,700 100.0 100.0
Goods Producing 47,700 24.0 20.5
Manufacturing 37,300 18.8 15.5
Construction & Mining 10,400 5.2 4.6
Service Providing 151,000 76.0 79.5
Trade, Transportation, and Utilities 37,700 19.0 23.5
Information and Finance 13,200 6.6 7.2
Services 69,700 35.1 43.6
Government 30,400 15.3 5.1

        Numbers may not add due to rounding.
        Source: Tennessee Department of Labor & Workforce Development


QUARTERLY LABOR FORCE

  2006
4th Qtr		 2007 
1st Qtr		 2007
2nd Qtr		 2007 
3rd Qtr		 2007
4th Qtr
Total Labor Force 242,762 242,685 244,325 246,398 242,312
Number Employed 232,270 231,096 234,371 236,710 230,983
Number Unemployed 10,492 11,589 9,954 9,687 11,329
Unemployment Rate 4.3 4.8 4.1 3.9 4.7
Tennessee Rate 4.6 5.2 4.3 4.5 5.1
National Rate 4.2 4.8 4.4 4.7 4.7

                                   Data is not seasonally adjusted.

                                   Source: ETSU Bureau of Business and Economic Research

                                                                                       

 

ANNUAL LABOR FORCE DATA

  2000 2004 2005 2006 2007 % Change 
2000-2006
Total Labor Force 223,705 235,100 236,188 240,674 245,289 9.7
Number Employed 214,783 220,090 223,776 229,255 234,761 9.4
Number Unemployed 8,922 13,010 12,412 11,418 10,528 17.0
Unemployment Rate 4.0 5.5 5.3 4.7 4.7 17.5
Tennessee Rate 3.8 5.4 5.2 5.7 5.5 44.7
National Rate 4.0 5.5 5.5 4.6 4.6 15.0

                Data is not seasonally adjusted.

                Source: TN Dept of Labor & Workforce Dev, Div Employment Sec., R&S

 

LARGEST MANUFACTURING EMPLOYERS - 2007

COMPANY
EMPLOYMENT
Eastman Chemical Co 11,000
DTR Tennessee Inc. 1,350
American Water Heaters 1,202
AFG Industries 1,290
Bristol Compressors 1,040
American Greetings/PlusMark Inc. 985
Exide Corp. 960
Nuclear Fuel Services 700
Electro-Mechanical Corp. 600
TPI Corp. 540
Edwards & Associates 529
King Pharmaceuticals 506
Morrill Motors 500
Lear Corporation 460
BAE Systems Ordnance  450 
TRW Automotive 450
Universal Fiber Systems 425

                  Source: The  Business Journal, "2007 Book of Lists"              

 

ANNUAL AVERAGE WAGE  2000 - 2006

  2000 2002 2003 2004 2005 2006

% CHANGE 2000-2006
CSA $26,784 $29,740 $19,628 $31,002 $31,684 $33,105 18.3
State 29,966 31,921 32,946 34,261   35,241 36,937 17.6
U.S. 34,718 36,150 37,169 38,792 40,146 41,991 15.6

                                                Source: Bureau of Economic Analysis and 2006 American Community Survey 
 
                                

 

PER CAPITA INCOME ESTIMATES

 

2000

2002 2003

2004

2005

% Change  2000-2005
CSA $22,325 $23,824 $24,392 $25,645 $26,671 19.5
State 26,097 27,499 28,350 26,690 30,969 18.7
U.S. 29,845 30,795 31,466 33,072 34,471 15.5

         Source: Bureau of Economic Analysis

 

EFFECTIVE BUYING INCOME - 2005

 
TOTAL 
EBI		 MEDIAN 
H'HOLD 
EBI		 % H'HOLDS LESS THAN $20,000 EBI % H'HOLDS $ 20,000 TO $34,999 EBI % H'HOLDS $35,000 TO $49,999 EBI % H'HOLDS $50,000+ 
EBI
CSA   $8,273,796,000 $31,217 29.9 26.6 19.1 24.4
State of Tenn. $109,753,501,000  35,645 24.0 24.1 19.0 31.9

                  Source: 2005 Survey of Buying Power, Sales and Marketing Management Magazine


                                    

 

  QUARTERLY RETAIL SALES

QUARTER/YEAR $ AMOUNT QUARTER/YEAR $ AMOUNT QTR-QTR % CHANGE
First/2005 1,312,800,000 First/2006 1,378,500,000 5.0
Second/2005 1,436,900,000 Second/2006 1,499,000,000 4.3
Third/2005 1,451,510,000 Third/2006 1,508,800,000 3.9
Fourth/2005 1,541,200,000 Fourth/2006 1,623,100,000 3.9
First/2006 1,378,500,000 First/2007 1,454,400,000 5.3
Second/2006 1,499,000,000 Second/2007 1,543,000,000 2.9

                                 Source: East Tennessee State University-College of Business, Dept. of Economics, Finance, and Urban Studies

 

CONSTRUCTION ACTIVITY
(Thousands of dollars)

 

2006

2007

% CHANGE

Nonresidential             $137,571,000 $247,820,000   80.1
Residential                     331,077,000   263,000,000 -20.6
Total                            468,648,000   510,820,000    9.0

                                               Source: F. W. Dodge News

                                   

 

CONSTRUCTION ACTIVITY - 2007
(Thousands of dollars)

  JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
Nonresidential $26,699 $27,164 $25,252 $ 1,188 $  7,249 $25,191 $36,001
Residential   22,197   35,588  23,048  16,866   22,957   13,851   12,178
Total $48,896 $63,052 $48,300   $18,054 $30,206 $39,042 $48,179

   Source: F. W. Dodge News

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