The Employment Situation in January
This morning’s jobs report reveals that the pace of job gains has slowed sharply in recent months as the pandemic continues to weigh on job creation, especially in face-to-face services. Strong relief is urgently and quickly needed to control the virus, get vaccine shots in arms, and finally launch a robust, equitable and racially inclusive […]
Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000)
The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. In January, notable job gains in professional and business […]
Governor Lee, Commissioner Rolfe Announce Amazon to Create 800 New Jobs in Alcoa
Third Amazon fulfillment center announced in Tennessee in just over 12 months 634,000-square-foot fulfillment center will utilize Amazon Robotics Technology NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Amazon officials announced today that Amazon will establish a new, state-of-the-art fulfillment center in Alcoa. The site, […]
Governor Lee, Commissioner Rolfe Announce Sese Industrial Services, U.S. Corp. to Locate New Facility in Chattanooga
Company will assemble Axle Components for Volkswagen Project includes investment of more than $42 million to build new facility NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Sese Industrial Services, U.S. Corp. officials announced today that the Axle Manufacturing company will locate new operations in […]
Payroll employment declines by 140,000 in December – unemployment rate unchanged at 6.7%
Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflects the recent increase in coronavirus (COVID-19) cases and efforts to contain the pandemic. In December, job losses in leisure and hospitality and in […]
Jefferson County Budget Committee Holds First Meeting Of 2021
The Jefferson County Budget Committee held their first meeting of the calender year 2021 on Monday, January 11, 2021 in the Historic Jefferson County Courthouse. Budget Committee Chairman Scarlett called the meeting to order. Absent from roll call were committee members Seals, Blevins and Coleman. Following a successful motion to approve the October and December […]
GOVERNOR LEE, COMMISSIONER ROLFE ANNOUNCE REVANCE THERAPEUTICS TO RELOCATE GLOBAL HEADQUARTERS TO NASHVILLE
Silicon Valley biotechnology innovator in aesthetics, therapeutics and financial technology Company will invest more than $10 million in Nashville operations Project will create nearly 150 jobs over five years NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Revance Therapeutics (NASDAQ: RVNC) officials announced today that […]
TNECD RELEASES ANNUAL LABOR AND EDUCATION ALIGNMENT PROGRAM REPORT
A new report released by the Tennessee Department of Economic and Community Development highlights jobs in high demand across Tennessee, including occupations in finance and technology, headquarters, automotive, distribution and logistics, and other target industry clusters. The Labor and Education Alignment Program (LEAP) report calls attention to occupations that are strategically important to the growth […]
Consumer Price Index for All Urban Consumers (CPI-U) Increased 0.6 Percent in June
CONSUMER PRICE INDEX – JUNE 2020The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in June on a seasonally adjusted basis after falling 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 0.6 percent before seasonal adjustment. The gasoline […]
Nonfarm Payroll Employment Rose by 4.8 Million in June, and Unemployment Rate Declined to 11.1 percent
Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported Thursday, July 2, 2020. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) […]
