Economic Outlook in Memphis

The nation’s slowdown in employment is reflected in the Memphis metropolitan area, with nonfarm employment idown about 2% from a year ago. The biggest drop occurred in manufacturing, construction & mining, and transportation & utilities. Modest declines in services and wholesale/retail trade, which account for 55% of the total Memphis area nonfarm jobs. No change in the financial sector. Government was the only sector in October to show a gain, up 8.500 jobs since July of this year. The Greater Memphis unemployment rate of 4.7 compares favorably with the nation’s 6.0.

Long an important transportation hub and the agricultural/commercial center of the Mississippi Delta, the Memphis metropolitan area has diversified its manufacturing output to include wood & paper products, electronics, medical supplies, pharmaceuticals, and food processing. It now appears that the best bet for new jobs in the near future may be in high-tech industries. Also key contributors to the Memphis economy are tourism and entertainment. Personal buying remains a positive economic indicator, where the median household income for the region is projected at $40,035. The area’s business community is served by the world’s largest air cargo airport, the nation’s third largest rail center, and fourth largest inland port--key factors that link Memphis to an expanding global as well as domestic marketplace.

 

Visit the website of our local Memphis apartment locating expert.

Links To Great Web Sites!
These United States - Resources and Related Information for Tennessee.
A to Z Home Buying and Selling Real Estate Guide - Vendema
Abacus Real Estate Foreclosures Guide

Warsaw hotel - Hotel apartments in Warsaw

Find Vacation Rentals .com
Online source for vacation rentals. Vacation homes, condo rentals, cabin rentals, beach rentals, and more. Owners advertise your property today.

Effexor