Tri-Cities saw largest job losses since recession in Q4 2013; 7th quarterly jobs decline


According to ETSU economist Dr. Steb Hipple,  Tri-Cities metro area suffered the largest job losses since the recession year of 2009 during the fourth quarter of 2013..

“Employment has now declined for the past seven quarters.

“The growing weakness in the regional labor market is seen in the data for the three cities. During the fourth quarter, employment was down:

– 3.8% in Johnson City

– 2.9% in Kingsport

-1.1% in Bristol.

Jobless levels were higher in all three cities, pushing the unemployment rates to:

– 6.7% in Kingsport

– 7.0% in Johnson City

-7.1% in Bristol.

This marks the third quarter of rising unemployment in the three cities. The 2013 annual data for each city reflects the regional trends, with falling employment and rising unemployment. The disparity between large job losses and smaller unemployment changes is reflected in the drop in the labor force numbers.

CLICK HERE for Dr. Hipple’s full report

Charts and comparison on the MSA levels to come.

EARLIER REPORTS:

Kingsport-Bristol Dec. jobless rate down, so are the number of people working

Johnson City MSA employers cut 100 jobs in December, 769 fewer people working 

Kingsport, Bristol, Johnson City 2013 employment, labor force

Dec. heat charts track Kingsport-Bristol, Johnson City MSA job winners and losers 

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