WASHINGTON (AP/WMOT) — The U.S. unemployment rate has fallen below 8 percent for the first time in nearly four years.
The U.S. Labor Department says the jobless rate fell to 7.8 percent last month as employers added 114,000 jobs.
The State of Tennessee won’t release its unemployment numbers for September for another two weeks, but joblessness in Tennessee has been climbing steadily in recent months. The unemployment rate stood at 8.4 percent in August.
WASHINGTON (AP/WMOT) — Average U.S. rates on fixed mortgages have fallen to fresh record lows for the second straight week. The declines suggest the Federal Reserve's stimulus efforts are having an impact.
Mortgage buyer Freddie Mac says the rate on the 30-year loan dropped to 3.36 percent, the lowest rate since long-term mortgages came into use in the 1950s.
The Fed is spending $40 billion a month to buy mortgage-backed securities. The goal is to lower mortgage rates and help the housing recovery.
NASHVILLE, Tenn. (AP/WMOT)– New meningitis cases are being reported in Middle Tennessee for the third time this week and the fourth time in a month.
WTVF-TV says officials are reporting four to seven cases of viral meningitis Tuesday among students at Oak View Elementary in Williamson County. Cleaning crews are in the process of disinfecting the school.
Monday the Centers for Disease Control reported that they’re investigating 11 cases of meningitis tied to a Saint Thomas facility in Nashville. Two patients involved in that case have since died.