Personal income in Tennessee rose 3.8 percent last year compared to 2009, putting the Volunteer State ahead of the nation, which saw incomes rise on average 3.0 percent.
Personal income, which includes earnings as…
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recession
Although tax collections were down during the holiday season, state officials say this is the closest the state has gotten to actually hitting budget estimates. State Finance Director David Goetz says it may signal “some sort of turn” in the economy.
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State of Tennessee press release, 6 Jan. 2010:
Hemlock Semiconductor Earns Silver Award for 2009 Economic Development Deal of the Year
NASHVILLE – The editors of Business Facilities magazine, a national economic development publication,…
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State of Tennessee Press Release, 23 Dec. 2009:
NASHVILLE – Tennessee’s unemployment rate for November was 10.3 percent, down 0.2 percentage point from the October rate of 10.5 percent. The United States’ unemployment rate…
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UT economist expects three percent tax-funded state revenue growth next year as economy picks up. Dreary employment market will also take time to brighten, even though evidence suggests Tennessee businesses are starting to expanding production some.
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State of Tennessee Press Release, Dec. 14, 2009:
NASHVILLE – State tax collections fell below budgeted estimates in November, for the fourth consecutive month of the fiscal year that began on July 1, 2009.…
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Joblessness continues to afflict much of Tennessee, especially in more rural areas. In some counties unemployment is pushing 19 percent, according to state estimates. With the exception of Shelby, Montgomery and Dickson Counties, unemployment in every county west of Nashville is meeting or surpassing the statewide rate of 10.5 percent. This time last year Tennessee-wide unemployment was 6.9 percent.
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