The Tri-Cities labor market entered its seasonal three-month slump with the loss of 300 nonfarm jobs. At the same time, the number of people employed increased by 363 and the unemployment rate increased to 3.4%. That’s a pretty good labor… Read More ›
Kingsport by the numbers
INFLATION ADJUSTED BUYING POWER UPDATE Inflation-adjusted buying power for the four classes of workers in the Tri-Cities varied when last year’s increased were compared to 2008 averages – the year before the Great Recession hit the local economy. In the… Read More ›
Seasonally adjusted sales tax collections in the three-county Johnson City Metropolitan Statistical Area (MSA) are up 0.6% so far this year while collections in the four-county Kingsport-Bristol MSA are down by 2.9%. Collections for NE Tenn’s four MSAs were up… Read More ›
During the first three months of this year, 115 homes were flipped the four local counties analyzed in Attom Data Solutions Q1 Home Flipping Report. The number of flips as a percent of total sales in Washington and Carter counties… Read More ›
So, there’s a little over 30,000 nonemployer firms with receipts of $1.2 billion in the Tri-Cities. That’s receipts – the total amount received from all sources with no costs or expenses subtracted – not the payroll. And $1.2 billion is… Read More ›
The largest number of business in the Tri-Cities don’t have storefronts and most have a low public profile. In fact, much of the public are not even aware they exist. They’re what the Bureau of Labor Statistics (BLS) calls nonemployer… Read More ›
April’s Rent vs. Buy Report shows some shifts in the rent position, which now dominates Tri-Cities county markets with one exception. Hawkins County was neutral for the month, down from a 1% cheaper to rent position in January.