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Tennessee's unemployment rate drops to 9 year low

Mar 4, 2016
TN-DOLWD

NASHVILLE, Tenn. (WMOT)  --  Tennessee’s unemployment rate has fallen to 5.4 percent, the lowest jobless rate the state has seen since late 2007.

The unemployment number for January dropped two tenths of one percent from the December figure. The national unemployment rate for January was half-a-percent lower at 4.9 percent.

Tennessee added just over 13,000 jobs between December, 2015, and January, 2016, mostly in retail, construction and professional services. Jobs were lost in leisure, hospitality and government employment.

wallethub.com

MURFREESBORO, Tenn. (WMOT)  --  A new study says Tennessee is a hotspot for female entrepreneurs.

WMOT reporting partner Wallethub.com rated three of Tennessee’s largest cities as the best places in the nation for female entrepreneurs to launch a business. The list included the country’s 100 largest metro areas.

Nashville and Chattanooga placed first and second on the list while Memphis ranked fourth and Knoxville came in at number 15.

GM

SPRING HILL, Tenn. (WMOT)  --  General Motors say it will begin work immediately on a $148 million upgrade to its assembly plant at Spring Hill.

In a press statement released Thursday, GM says the project will retool the plant to build a new V8 engine. The company says the investment will help retain about 200 jobs at the mid-state facility.

MURFREESBORO, Tenn. (WMOT)  --  A new poll suggests Tennesseans are pessimistic about their future financial prospects, even though experts say the state’s economic future actually looks promising.

Middle Tennessee State University last week released a survey that asked 600 Tennesseans about their standard of living. Sixty-seven percent responded that they’re happy with their current buying power. But when asked about future earnings, only 34 percent thought their financial circumstances would continue to improve.

jackdaniels.com

NASHVILLE, Tenn. (AP) — The historic Jack Daniel's Distillery is planning a $140 million expansion project to help meet global demand for prized Tennessee Whiskey.

The investment announced by Gov. Bill Haslam on Wednesday will be used to construct two new barrelhouses, expand the bottling facility and support the increasing number of visitors to the facility. Officials say more than 275,000 tourists from around the world visited the distillery in Lynchburg last year.

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