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Data-driven reports on jobs, labor markets, housing and economic trends in Kingsport, Tenn. Bristol, Tenn. Bristol, Va. Johnson City, Tenn.

Bristol, Johnson City, Kingsport restructuring: less employment, more part-timers, but there are exceptions

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It’s no surprise part-time jobs replaced a bunch of full-time Tri-Cities jobs during the Great Recession. But just-released city-level Census data shows the work status decline isn’t as drastic as the talk you hear on the street. And there are… Read More ›

Tri-Cities gets better than average Nov. jobs growth report

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Tri-Cities employers added 500 jobs in November. The unemployment rate dropped to 5%, and the jobs growth rate continued trending lower. Preliminary, non-adjusted nonfarm job growth for the seven-county region was up 0.2%  from last year. Job creation turned positive… Read More ›

Tri-Cities commercial real estate development flat in Q3, shows slow year-to-date improvement over 2015

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Year-over-year growth of commercial construction was down by three permits in the third quarter, but year-to-date the market is on a slow-growth pattern similar to the average sales price of single-family residential resales. The Market Edge’s Commercial Building Trend Report… Read More ›

Johnson City, Kingsport eek out 2015 population gains; demographic issue weighs on local economy

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Census data released last week show Johnson City and Kingsport were the only major cities in the seven-county region to gain population in 2015. And in Kingsport’s case, the gain was only 0.1%. The news follows earlier reports that show… Read More ›

Demand for high-end homes in Tri-Cities increase during Q3

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Demand for high-end housing increased during the third quarter and Washington County VA led the Tri-Cities area in the construction of those homes – but only by two permits. High-end homes are defined by Market Edge in its Resident Building… Read More ›

New home construction slows in Sullivan, Washington counties; smaller counties picking up the pace

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The Tri-Cities new home industry posted modest growth during the third quarter marked by a slowdown major markets slowdown balanced by growth in smaller county markets. Permit pulls for new residential residences was 2.7% better than Q3 last year. Year… Read More ›

Tri-Cities job creation continues, but it’s slowing down; private sector wages continue making gains

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Tri-Cities job creation increased for the 17th straight month in October. While that’s welcome news, don’t overlook the trend. October’s growth rate continued a seven-month slowing, and the three-month moving average dropped below 1% for the first time this year… Read More ›

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