Business news

What is your mid-state commute costing you?

Jul 21, 2015

NASHVILLE, Tenn. (WMOT)  --  It won’t come as a surprise to anyone here in the mid-state that Metro Nashville drivers spend more hours stuck in traffic that the average American commuter.

So how can our reporting partners at the personal finance website rate Nashville as one of the better places in the country to be a driver?

Wallethub rated Nashville 45th out of the nation’s largest 100 cities when it comes to driving challenges.

MURFREESBORO, Tenn. (WMOT)  --  A new survey suggests that Tennessee business leaders are bullish on the state economy, but far less confident about the national and global economy.

Middle Tennessee State University and the Tennessee Chamber of Commerce and Industry have teamed up to begin what they’re calling the Tennessee Business Barometer.

The survey will be conducted quarterly statewide.The inaugural survey was conducted the first full week in July and included more than 130 responses.

Tennessee's unemployment rate continues to fall

Jul 17, 2015

NASHVILLE, Tenn. (WMOT)  --  Tennessee’s unemployment rate has now fallen for four straight months, dropping in June to 5.7 percent.

The jobless rate fell one-tenth of one percent from the May reading. The national unemployment rate was down last month, falling to 5.3 percent.

Tennessee’s jobless rate fell steadily from a high 9.6 percent during the summer of 2011 through January of 2014, but then stalled near 6.5 percent for much of last year. Unemployment began to fall again in March.

NASHVILLE, Tenn. (AP) — Tennessee Finance Commissioner Larry Martin says the state's overall revenue collections in June were $56.5 million more than expected.

The tax collections reflect economic activity in May.

The state's general fund tax collections in June were $52.3 million higher than projected.

Sales tax grew 7.6 percent in June, $35 million more than expected.

Franchise and excise taxes combined were $27.7 million more than the budgeted estimate.

However, while growth rates are strong, Martin says state officials remain cautious.

More good economic news for Tennessee

Jun 19, 2015

MURFREESBORO, Tenn. (WMOT)  --  Tennessee’s unemployment rate continues to fall.

A new report from the state Department of Labor shows the jobless rate down to 5.8 percent in May. That’s a drop of two-tenths from the April reading.

Tennessee’s unemployment rate remains above the national rate which currently stands at 5.5 percent.

The state added 10,000 jobs in May. The increases came in hospitality, education, health services, and transportation.

The May jobless rate of 5.8 percent is the loss unemployment number Tennessee has seen sin the spring of 2008.