Leadership Jackson

1
Leadership Jackson
Economic Indicators Trends
presented to

• October 2004

138 Carriage House Drive Jackson, Tennessee
38305 731-668-7367
2
Trade Area
3
Population

• Retail Trade Area Madison County
• 2009 Projection 396,781 97,489
• 2004 Estimate 390,899 94,334
• 2000 Census 386,354 91,837
• 1990 Census 344,689 77,982
• 1980 Census 349,006 74,609
• Growth 2004-2009 1.50 3.34
• Growth 1990-2000 12.09 17.77
• Growth 1980-1990 -1.24 4.50

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Population and Income By Households
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Per Capita Personal Income

• Trade Area Madison Co.
  Tennessee USA
• Per Capita
• Personal Income
• 1991 13,957 16,740 22,022
  20,023
• 1996 16,949 20,442
  21,449 23,255
• 2002 21,847 25,983
  27,611 30,906

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Per Capita Personal Income
7
Jackson/Madison County Single Family Dwelling
Starts
8
Retail Sales

• Madison County Trade Area
  Tennessee
• 2003 1,576,124,267 3,580,801,813
  68,871,245,371
• 1998 1,425,593,030 3,569,871,344
  68,605,817,272

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Retail SalesCompounded Annual Growth Rate
Madison Henry Dyer Shelby Davidson TN
1986-1990 1991-1995 1996-2003 1986-2003
5.03 7.56 5.38 6.63
3.35 6.16 5.93 5.65
4.03 5.79 2.93 4.12
2.76 5.97 3.77 4.56
3.52 5.92 3.37 4.58
3.87 6.08 4.72 5.47
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Madison County, TN Retail Sales
2003 1998-2003 2002-2003
TOTAL Building Materials General Merchandise Food
Stores Autos, Boats Aircraft Service
Stations Apparel Accessories Furniture Home
Furnishings Eating Drinking Other
1,576,124,267 171,261,683
322,387,661 217,101,224 335,918,208
67,413,987 60,422,995
61,225,148 147,235,351 193,158,007
10.6 17.2 6.4 15.8
15.5 -10.7 2.4 7.9 6.0 15.0
7.0 13.1 0.9 12.0 9.0 26.9
4.5 5.9 3.9 2.2
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West Tennessee Estimated 2002 Inleakeage/Outleakag
e of Retail Sales
12
West Tennessee Estimated Inleakeage/Outleakage of
Retail Sales
13
Unemployment Rate
14
Madison County Job Growth
1991 1996 23.5 1996 2003 8.07
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2003Madison County Employment Wages
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2003 Madison County Distribution of Labor
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2003 State of Tennessee Distribution of Labor
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2003 United States Distribution of Labor
Preliminary LBS Data
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Residency Profile of Madison County Workforce
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Workplace Changes

• Major shift to flexible work schedule
• Increase in telecommuting
• Shift of medical coverage from employer to
  employee
• Fewer people directly employed in manufacturing

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Areas to Watch

• State economys growth in the automotive sector
• Impact of growth and improvements in other
  regional trade areas
• Slower population growth, recent growth
  projections are lower
• Construction may slow after tornado recovery
• Increase in percentage of retirees
• Area colleges and universities to grow