December 2015 Press Release


February 23, 2016

FOR IMMEDIATE RELEASE CONTACT:

Chelsea Gold
(850) 422-7742
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Jobs Picture Improves, Housing Falls: Tallahassee Economic Index

Overall Index Falls 13.54 pts to 48.79 in Dec, Following 13.63 pt. Decrease in Nov

Tallahassee, FL – The Tallahassee Economic Index (TEI), the city’s top economic growth indicator, today released numbers ending Dec. 2015 which show an improving employment landscape coupled with a slowing housing market.

“While many of the components within the TEI are negative month-over-month and-year over-year, there’s a big bright spot in the data. The most forward looking indicator for employment, Initial Unemployment Claims, has improved substantially from a year ago and has shown continued strength throughout the year,” said TEI Founder Brett F. Ewing. “This shows a tight job market which should lead to increased wages and filter through into strong sales data in 2016.”

“The TEI followed up a down month with another one just as sluggish” said Lance Mitchell, Director of Research at the TEI. “The downturn in housing related data was sharp and accelerated into the end of the year. We saw a cooling off of a red hot market from the prior year with new construction permits, realtor sales and median sales price all dropping at least seven percent.”

The components of the TEI include:

Initial Unemployment Claims

Office Supplies

Lumber

Building Permits

Average Home Sales Price

Realtor Sales Counts

Shoe Stores

Advertising

Home Furniture

Graphic Arts, Printing and Publishing

Household Appliances

Apparel

Airport Traffic

Pawn Shops

Drinking Establishments


About the TEI

Powered by First Franklin Financial Services, the TEI tracks and predicts economic growth in the city of Tallahassee, Florida. This is accomplished using data collected from official sources throughout Leon County. More info at TallahasseeEconomicIndex.com.

CONTACT

  • Tallahassee Economic Index
  • 2528 BARRINGTON CIRCLE #1
  • TALLAHASSEE, FL 32308
  • Phone:
    (850) 422-7724
  • Fax:
    (850) 422-7736

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