Business news

MURFREESBORO, Tenn. (WMOT)  --  Two of Tennessee’s largest employers are expecting a busy holiday season and are taking on additional staff to meet demand.

Memphis based FedEx predicts that holiday deliveries will rise nearly 9 percent over last year, to 290 million shipments. FedEx says the peak day is likely to be Dec. 15, when it expects to handle 22.6 million shipments.

The company plans to hire 50,000 seasonal workers to help carry the load.

CHATTANOOGA, Tenn. (AP) — A new study says tourism spending in Tennessee last year grew at twice the overall inflation rate.

The Chattanooga Times Free-Press says the U.S. Travel study shows tourism spending helps support about one of every 20 jobs in Tennessee.

Tennessee Gov. Bill Haslam said Friday that the state's tourism industry grew by 3.3 percent in 2013 to more than $27 billion.

The industry employs 236,200 workers in Tennessee.



CLARKSVILLE, Tenn. (AP/WMOT) — The mid-state will get 1800 new jobs and enjoy $800 million in investment thanks to Hankook Tire.

Governor Bill Haslam and U.S. Senator Lamar Alexander where on hand In Clarksville Thursday when the company broke ground for its new plant.

Hankook is one of the world’s largest tire makers. The company announced plans to build the facility last year. Hancook learned this week it will get $16 million in incentives from the state.

MURFREESBORO, Tenn. (WMOT)  --  A new study ranks Tennessee as one of the poorest states in the nation.

The personal finance website recently used census and tax data to rank incomes in all fifty states and the District of Columbia. Tennessee came in 11th from the bottom, well behind neighboring states Virginia and Georgia, but ahead of Arkansas and Mississippi.

Wallethub’s Jill Gonzalez says it may be cliché, but the rich really are getting richer and the poor, poorer.

NASHVILLE, Tenn. (AP/WMOT) — Republican Gov. Bill Haslam wants to know why Tennessee's unemployment rate keeps going up.

The national jobless rate currently stands at 5.9 percent — the lowest level since the Great Recession. Tennessee's jobless rate stands 1.5 percent higher at 7.4 percent.

Haslam says Tennessee is adding lots of new jobs and the number of people filing jobless claims is relatively low, so he’s puzzled by the stubbornly high jobless numbers.