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 ›
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 ›
A hiring surge in the Kingsport-Bristol’s Leisure and Hospitality sector and an upward revision in March’s jobs pushed total Tri-Cities nonfarm employment above the pre-recession benchmark for the third straight month in April. Preliminary, nonadjusted numbers from the Bureau of… Read More ›
Tri-Cities employers added 500 nonfarm jobs in March and the unemployment rate ticked up by 0.1%. Employment was 878 better than February’s total and the labor force increased by 1,218 people. March’s labor market picture was an extension of what… Read More ›