Economy

7:39pm

Tue October 9, 2012
Top Stories

September Tax Collections Show Marginal Growth

NASHVILLE, Tenn. (AP) — Tennessee's tax collections have shown marginal growth in the second month of the budget year.

Finance Commissioner Mark Emkes said in a release Tuesday that September revenues "continue to reflect the sluggish national economy."

The state's overall revenues were $1.1 billion, or 5.4 percent above the budgeted estimate. The September collections reflect economic activity in the previous month.

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5:01am

Mon May 28, 2012
Top Stories

Competition Fierce for Summer Jobs in Middle Tenn.

NASHVILLE, Tenn. (AP) — With federal stimulus funds drying up, the availability of summer jobs in Middle Tennessee will be limited.

That means there will be more competition for jobs that usually go to teens and young adults with little or no real working experience.

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9:11am

Fri January 13, 2012
1100 Employees Losing Jobs

Food Lion Closing Middle Tenn. Stores

CHATTANOOGA, Tenn. (AP/WMOT) — The company that owns and operates Food Lion grocery stores is closing 25 groceries in Tennessee idling about 1,100 workers. The company is also reducing operations at a distribution center in Clinton near Knoxville.

Food Lion spokeswoman Christy Phillips-Brown says a severance package is being offered to eligible employees affected by the parent company's decision to close underperforming stores.

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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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11:49am

Tue October 25, 2011
Local Home Prices Not as Volatile

Home Prices Showing Signs of Life

(AP) Home prices rose in August in half of major cities surveyed; a sign that prices are stabilizing in some hard-hit portions of the country.

The Case-Shiller index shows prices increased in August in 10 of the 20 cities tracked. That marks the fifth straight month that at least half of the cities in the survey showed gains.

The biggest price increases were in Washington, Chicago and Detroit.      

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