Each depositor insured to at least $250,000 per insured bank

Home > Industry Analysis > Bank Data & Statistics > RECON Home > Economic Data Documentation


Select a state below


cart
  0 item(s)
  0% full

  
Economic Data Documentation

State Profile

Description: State Profiles (“At A Glance” Tables) are prepared by Division of Insurance and Research (DIR) staff and reflect a statistical snapshot of current economic and banking conditions at the state level.

Geographic Availability: States

Updates and Revisions: Quarterly

Redistribution Restrictions: None

Source: Division of Insurance and Research


 

Industry Activity

Employment Composition

Description: Employment composition refers to the percentage of total nonagricultural employment in each of the major employment sectors in the economy. As the composition of employment varies across states, so to will the overall economic performance. States with a relatively high percentage of jobs in a cyclical industry such as manufacturing, for example, may be more likely to experience periods of growth or contraction of greater magnitude than the nation.

Geographic Availability: States, MSAs

Updates and Revisions: Annually

Redistribution Restrictions: None

Source: Bureau of Labor Statistics


 

Employment by Industry

Description: Illustrates several characteristics of the major industry employment categories. The characteristics shown in the table include:

  • The number of workers employed during the latest quarter for which data is available;
  • Growth rates for the latest quarter compared to the period one year earlier;
  • Employment composition as shown by the share of total employment by industry;
  • The Location Quotient (LQ). The LQ is defined as a measure of industry concentration computed as the state or MSA share of total employment in a particular sector relative to the equivalent share at the national level. Values greater than one indicate a higher concentration of employment at the state or MSA level than at the national level. Values less than one indicate a lower employment concentration at the state or MSA level.

Geographic Availability: States, MSAs

Updates and Revisions: Quarterly

Redistribution Restrictions: None

Source: Bureau of Labor Statistics


 

Employment and Income

Employment Growth

Description: Employment growth shows the rate at which net new nonagricultural jobs are being created within the selected geography. The underlying data reflect a tabulation of the number of jobs by industry in a particular state. Multiple jobholders are counted once for each job held. Employment data are based on the state where the worker is employed and not on the worker's state of residence.

Total employment is broken down into three categories:

  • Government employment including federal, state and local government jobs;
  • Private nonmanufacturing including mining, construction, transportation, communications, public utilities, finance, insurance, real estate, retail trade, wholesale trade, health services, business services and other services employment;
  • Manufacturing employment.

Geographic Availability: U.S., States, MSAs, Counties

Updates and Revisions: Quarterly

Redistribution Restrictions:None

Source: Bureau of Labor Statistics


 

Unemployment Rate

Description: The unemployment rate is the percent of the labor force that is unemployed within the selected geography. A person is defined as unemployed if they hold no job for pay and are actively seeking employment. The labor force is defined as all currently employed persons plus those that are unemployed. Multiple jobholders are counted once. Employment data are based on the worker's state of residence and not on the state where the worker is employed.

Geographic Availability: U.S., States, MSAs, Counties

Updates and Revisions: Quarterly

Redistribution Restrictions: None

Source: Bureau of Labor Statistics


 

Labor Force and Population

Description: The labor force is defined as all currently employed persons plus those that are unemployed. A person is defined as employed if they worked during the survey week that includes the 12th day of the month. The survey includes nonfarm employees, farm workers, the self-employed, proprietors, and unpaid family workers ages 16 and over. Multiple jobholders are counted once. Employment data are based on the worker's state of residence and not on the state where the worker is employed. A person is defined as unemployed if they did not work during the survey work, were looking for work and were available for work. The unemployment rate is the percent of the labor force that is unemployed.

Population data includes civilians and resident military personnel residing in a particular state or metropolitan area.

Geographic Availability: U.S., States, MSAs, Counties

Updates and Revisions: Annually

Redistribution Restrictions: None

Source: Bureau of Economic Analysis and Bureau of Labor Statistics


 

Personal Income

Description: Personal income is defined as the income received by, or on the behalf of, all residents of a state. It consists of the income received by persons from all sources - that is, from participation in production and from both government and business transfer payments. Wages and salaries are the largest single component of personal income and are defined as the monetary remuneration of employees before deductions such as social security contributions or union dues. Nonwage income includes all sources of personal income except wages and salaries. Nonwage income includes farm and nonfarm proprietors' income, dividend, interest and rental income, transfer income such as workers' compensation, and other adjustments to income to account for commuting flows across state borders.

Geographic Availability: U.S., States

Updates and Revisions: Quarterly

Redistribution Restrictions: None

Source: Bureau of Economic Analysis


 

Per Capita Personal Income

Description: Per capita income is the average income per person within the selected geography.

Geographic Availability: U.S., States, MSAs, Counties

Updates and Revisions: Annually (1 year lag)

Redistribution Restrictions: None

Source: Bureau of Economic Analysis


 

Median Family Income

Description: HUD estimates Median Family Income for each year based on 2000 Census median family income estimates, which are then updated to the current year. To accomplish this, HUD’s methodology incorporates a combination of the latest Bureau of Labor Statistics (BLS) earnings and employment data and Census Divisional P-60 median family income data. For a complete description of the HUD methodology, please go to: HUD description

Geographic Availability: U.S., States, Counties

Updates and Revisions: Annually (estimated)

Redistribution Restrictions: None

Source: Housing and Urban Development


 

Average Annual Wages and Salaries

Description: Average annual wages and salaries is the average total compensation per worker in each of the major nonagricultural sectors of the economy. Since wages and salaries by industry differ, the mix of industry employment across states can result in different rates of overall income growth. Also, the overall level of income will be determined, in part, by the mix of high wage versus low wage jobs in a state.

Geographic Availability: States

Updates and Revisions: Annually (1 year lag)

Redistribution Restrictions: None

Source: Bureau of Economic Analysis


 

Personal Bankruptcy Filings

Description: Personal bankruptcy filings include both Chapter 7 (liquidations) and Chapter 13 (reorganizations) based on the county of residence of the filer. The personal bankruptcy filing rate is the number of bankruptcies per thousand residents.

Geographic Availability: U.S., States, Counties

Updates and Revisions: Quarterly, (annual for counies)

Redistribution Restrictions: None

Source: Moodys|Economy.com (County Data), Administrative Office of the U.S. Courts (U.S. and State Data)


 

Real Estate Activity

Housing Permits

Description: Housing permits data reflects the planned construction of private residential buildings. Issuance of a permit does not necessarily mean that construction will take place. It is the authorization to build given by local permit issuing officials. Buildings such as hotels, nursing homes, dormitories and mobile homes are excluded. Permits are categorized as either single-family or multi-family.

Housing permit data is heavily influenced by seasonal patterns. For this reason, it is often analyzed on a year-to-date basis. The data can be compared to the year-to-date level of permits from the previous year.

Geographic Availability: U.S., States, MSAs, Counties

Updates and Revisions: Quarterly

Redistribution Restrictions: None

Source: Bureau of Census


 

Office Vacancy Rate

Description: Measures the vacancy rate for major office buildings surveyed by CB Richard Ellis (CBRE/TWR). The vacancy rate is computed as vacant space for lease as a percentage of the total square footage of office space available for lease. Available for approximately 60 MSAs.

Geographic Availability: U.S., MSAs

Updates and Revisions: Quarterly

Redistribution Restrictions: DATA RESTRICTED – graph only presentation

Source: CBRE


 

Industrial Vacancy Rate

Description: Measures the vacancy rate in all industrial properties that can accommodate a tenant requiring at least 100,000 square feet. Vacancy rate is computed as vacant space for lease as a percentage of the total square footage of industrial space available for lease. Available for approximately 60 MSAs.

Geographic Availability: U.S., MSAs

Updates and Revisions: Quarterly

Redistribution Restrictions: DATA RESTRICTED – graph only presentation

Source: CBRE


 

Mortgage Delinquencies

Description: Mortgage delinquency data (conventional prime & subprime , VA, FHA, foreclosures) are based on a national survey of more than 200 mortgage lenders, commercial banks, savings banks, savings and loan associations, and life insurance companies. About one-half of all outstanding mortgage loans on one to four unit residential properties are covered. Data show percent of outstanding loans by type that are at least 30 days past due.

Geographic Availability: U.S., States

Updates and Revisions: Quarterly

Redistribution Restrictions: DATA RESTRICTED – graph only presentation

Source: Mortgage Bankers Association of America


 

BLS Layoff Statistics

Description: The Mass Layoff Statistics (MLS) program is a federal-state program which uses a standardized, automated approach to identifying, describing, and tracking the effect of major job cutbacks using data from each state's unemployment insurance data base.

Geographic Availability: States

Redistribution Restrictions: None

Source: Bureau of Labor Statistics

Questions, Comments & Requests