By DON FENLEY The Tri-Cities economy added 4,300 jobs in June, and the unemployment rate dropped to 9.1%. On the surface, that sounds like good news. But it’s only a small part of the story. The Bureau of Labor Statistics’… Read More ›
LABOR MARKET
Tri-Cities labor market begins clawing back job losses
The Tri-Cities economy began clawing back April’s massive job losses in May. It added about 2,100 nonfarm jobs and the unemployment rate dropped to 9.6%, according to preliminary non-seasonally adjusted Bureau of Labor Statistics data. May’s report also revised April’s… Read More ›
Tri-Cities suffers massive job losses – record high unemployment rate
The Tri-Cities labor market fell into a CORVID-19 blackhole in April. The region’s March-April job lost was over 18,000 jobs. Compared to April last year it was down 20,100. That’s more than during the entire Great Recession. At the same… Read More ›
Revised BLS report shows Tri-Cities jobs market began weakening last summer
Newly released Tri-Cities employment data show the seven-county region had 400 more jobs than February, and the unemployment rate dropped to 4.1% in March. But neither the Bureau of Labor Statistics (BLS) jobs report nor the employment report reflects the… Read More ›
6,419 new jobless claims filed from NE Tenn
There were 6,419 new claims for unemployment in Northeast Tennessee this week. That’s a 35.3% increase for the previous week. During the two weeks that the Coronavirus pandemic began taking a bite out of the local labor force, there have… Read More ›
Tri-Cities jobs trend was softening even before COVID-19’s arrival
Labor market trend numbers for the Tri-Cities labor market are showing softening even before the COVID-19 gut punch that will begin showing up in the April reports. The annual revision of the Bureau of Labor Statistics’ payroll report delivered in… Read More ›
Adjustment lowers Tri-Cities jobs picture – look for things to get worse
The jobs adjustment from December’s preliminary number wasn’t good news for the Tri-Cities. And – like the national labor picture – things are going to get worse. February’s local labor market data will be available early in April, but the… Read More ›
Excellent and well written !!
I like the “BOOMER BABIES” lol
Donâ¦. Would you be so kind as to add Bristol, Tennessee Vice Mayor Lea Powers to your mailing list? Thank…
Thanks for the comment Debbie. It's a snapshot of today's conditions, stay tuned
Always of interest to get confirmation of what I see as the year moves on.