COOKEVILLE, Tenn. (AP/WMOT) — The Putnam County Commission will consider placing the motto "In God We Trust" on all four sides of the courthouse in Cookeville.
According to the Cookeville Herald-Citizen, the Colonial View Baptist Church is leading the effort. The church brought the proposal to the county's planning committee this week. The committee recommended the proposal to the full commission for consideration. That vote is scheduled for October 15.
The Rev. Al Gaspard is the pastor at Colonial View Baptist Church.
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.