dr. david penn

11:54am

Fri October 5, 2012
Top Stories

Tennessee's Employment Forecast: "The Fog is Pretty Thick."

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.

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11:29am

Thu March 15, 2012
MTSU Economist Cautiously Optimistic

Tenn. Initial Jobless Claims Hit Four Year Low

MURFREESBORO, Tenn.  (AP/WMOT) — Fewer people sought U.S. unemployment benefits last week, adding to signs that the job market is strengthening.

A U.S. Department of Labor report out Thursday shows that applications for unemployment dropped by 14,000 applicants to a seasonally adjusted 351,000.

Here in Tennessee initial jobless claims have dropped to their lowest point in four years. The state saw just over 6100 claims in February, the lowest reading since February, 2008.  Applications hit their peak in April, 2009, when more than 13,400 Tennessee’s made an initial claims.

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3:10pm

Tue November 22, 2011
Business and Economic Research Center Report

Tenn. Economy "Slides Sideways" in the Third Quarter

 

MURFREESBORO, Tenn. --  Federal officials revised the Gross Domestic Product (GDP) reading downward today for the third quarter. Growth wasn’t as strong as originally thought.

The official GDP for the third quarter is now 2 percent, down by a half-percent from the earlier estimate.

The Middle Tennessee State Business and Economic Research Center has just released its analysis of Tennessee’s third-quarter economic activity.

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