TRI-CITIES JOBS

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Many Tri-Cities private sector workers’ buying power still in low gear

By DON FENLEY July was another down month for private sector wages in the Tri-Cities – Northeast Tennessee for that matter. Kingsport-Bristol workers saw their average drop for the 10th straight month when compared to the same months of the previous year.  The Johnson City MSA extended its losses to six straight months after a […]

Tri-Cities

July jobs: Major providers, recovery winners and losers; 12-month heat charts

By DON FENLEY NOTE-clicking on the graphics renders a larger version. A comparison of the jobs reset in the wake of the Great Recession shows the top five job producers in the tri-Cities are: -Education/Health Services -Manufacturing -Government -Retail trade -Leisure/hospitality A second set of charts that show gains and losses for each sector since […]

YOY unadjusted nf

Tri-Cities job market continues clawing itself out of a hole

By DON FENLEY The Tri-Cities continued clawing its way out of a two-year jobs and employment decline in July, but you have to look hard at the numbers to see it. Job creation in the Tri-Cities was down in July, so was employment. The bright spot was the year-over-year percent change trend continued inching higher […]

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CORE DATA

July

July a pretty good new home month in Tri-Cities despite historical view

By DON FENLEY There’s an upbeat attitude among many local new home builders that doesn’t show up in the number of privately owned, single-family new home permits. July’s year-to-date performance in the Tri-Cities was the second worst since 1995. That long view shows the local new home market seriously lagging its per-recession level – and […]

Kingsport says FY 2014 building season posts solid gains

According to a Kingsport new release Fiscal Year 2014 building season posted solid results for private construction investment, with outlays nearly double the rate demonstrated in the City in recent years. At the same time, an independent financial services website has recognized Kingsport as tops among “Cities on the Rise” in Tennessee given economic fundamentals, […]

Hawkins Co. is Q2 Tri-Cities house flipping hot spot

By DON FENLEY Hawkins County was the Tri-Cities home flipping hot sport in Q2. Although the number of flips was only 11, that was a 56% increase from Q2 last year. Gross return on investment is much the same story. Hawkins County flippers averaged a 45% gross ROI compared to 25% during the same period […]

Nine Tri-Cities areas see Q2 double-digit all-cash home sales

All-cash sales in four of the 10 Tri-Cities areas monitored by RealtyTrac’s U.S. Institutional Investor & Cash Sales Report increased in Q2 when compared to Q2 last year. Institutional investor sales were up in four counties when compared to Q2 last year. Here’s how the percentage of all sales the  all-cash sales looked during Q2 […]

Tennessee jobless rate increases to 7.1% in July

By DON FENLEY Tennessee’s unemployment rate increased 0.5% to 7.1% in July. According to the state Department of Labor and Workforce Development the state jobless rate has decreased from 8.4% to 7.1% while the national race has declined from 7.3% to 6.2%. Total nonfarm employment was up by 3,300 jobs from June with the largest […]

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