| |
|
Economic update
Economic growth in Tennessee has surged ahead of the nation's pace of growth in recent quarters. The state's unemployment rate took a big dip, while its personal income growth rate rose above the national rate, according to a study released Thursday by the Boyd Center for Business and Economic Research at the University of Tennessee. UT experts expect this trend to continue for the next two years as personal income and job growth continue while the state's unemployment rate rests below the nation's. "The state economy has seen remarkable improvement in the last several quarters. April's drop in the unemployment rate was exceptionally good news," said Matt Murray, associate director of the Boyd Center and the report's lead author. Jobs grew by 2.5 percent, faster than the national growth rate of 2.1 percent. This jump is the strongest employment growth rate seen in Tennessee since the 1990s. Other highlights from the report include: • Manufacturing employment is expected to grow by 2.3 percent in 2016 but less than one percent in 2017. •Based on performance in the past two years, the state unemployment rate is predicted to drop to an annual average of 4.5 percent in 2017. • Personal income is projected to grow five percent this year, and an additional 5 percent in 2017. • Taxable sales will continue to expand, growing by a projected 5.3 percent this year, a continuation of the strong sales growth that has helped generate strong revenue growth for the state.
|
Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
|
|
|