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Topic: unemployment

Tennessee Counties Sees Significant Decreases in Jobless Rates

 

May 2017 Unemployment Remains on the Decline in All But One County

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Following the lowest state unemployment rate in nearly 20 years, Tennessee’s county unemployment rates for May 2017 have decreased in 94 counties and remained the same in 1, according to data released today by the Tennessee Department of Labor and Workforce Development (TDLWD).

Montgomery County had an unemployment rate of 3.2 percent in May. Which is down from April’s 4.1 percent.

Tennessee County Unemployment Rates Map for May 2017 «Read the rest of this article»

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Can unemployment increase stroke risk?

 

American Heart Association Rapid Access Journal Report

American Heart AssociationDallas, TX – Unemployment appears to increase the risk of having a stroke in middle-age Japanese men and women, and may have similar implications in the U.S, according to new research published in the American Heart Association’s journal Stroke.

Unlike in the United States, in Japan, workers are part of a “life-term employment system” in which male employees devote themselves to a stable job. “If they lose that job, they are likely to be reemployed in unsatisfactory, lower positions,” said Ehab. S. Eshak, M.D., MSc., Ph.D., lead study author and visiting associate professor at Osaka University’s medical school in Japan.

While the Japanese work culture is different from the U.S. culture, researchers say the implication is that job security could help reduce stroke risk. (American Heart Association)

While the Japanese work culture is different from the U.S. culture, researchers say the implication is that job security could help reduce stroke risk. (American Heart Association)

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Veterans Hiring Measure Passes the Tennessee House of Representatives

 

Written by Joe Pitts
Tennessee State Representative

Tennessee State Representative - District 67Nashville, TN – Hiring Preferences for Veterans – House Bill 165/Senate Bill 209 (Senator Mark Green, R-Clarksville) passed the Senate and House of Representatives and was sent to the Governor for his signature on March 20th.

To paraphrase an old saying, the second time is the charm, or something like that.  House Bill 165 and Senate bill 209 recently passed the House and Senate after the second attempt. The proposal would enable private employers to create hiring preferences for veterans, their spouses, and surviving spouses of deceased veterans without running afoul of provisions in the 1964 Civil Rights Act prohibiting hiring discrimination among other areas.

Tennessee State Representative Joe Pitts

Tennessee State Representative Joe Pitts

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Tennessee County Unemployment Rates Decrease in all Counties for February 2017

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Estimates for February 2017 reveal Tennessee’s county unemployment rates have decreased in all 95 counties, according to data released today by the Tennessee Department of Labor and Workforce Development (TDLWD).

Tennessee County Unemployment Rates Map - February 2017 «Read the rest of this article»

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Tennessee Unemployment Rate in February drops to 5.3 Percent

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips announces a preliminary unemployment rate of 5.3 percent for February.

This is an improvement from the revised January rate of 5.4 percent. February’s U.S. preliminary rate is 4.7 percent, matching Tennessee with a tenth of a percentage point decline from the previous month.

Labor Force Estimates Chart-February 2017 «Read the rest of this article»

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January 2017 Tennessee County Unemployment Rates Rise Across the State

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Tennessee County unemployment estimates for January 2017 show the rates increased in all 95 counties.

For Montgomery County, the unemployment rate went up to 6.2 percent in January from December’s 5.3 percent.

Tennessee County Unemployment Rates for January 2017

Tennessee County Unemployment Rates for January 2017

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Tennessee December Unemployment Rate Remains Lower than Previous Year Despite Uptick to 4.9 Percent

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Tennessee Labor and Workforce Development Commissioner Burns Phillips announced Friday the Tennessee preliminary unemployment rate for December was 4.9 percent, increasing from the revised November rate of 4.8 percent.

The U.S. preliminary rate for December was 4.7 percent, up one-tenth of a percentage point from the previous month.

2016 December - Labor Force Estimates «Read the rest of this article»

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Tennessee’s Unemployment Rate Holds Steady in November at 4.8 Percent

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Tennessee Labor and Workforce Development Commissioner Burns Phillips announced today the Tennessee preliminary unemployment rate for November was 4.8 percent, remaining the same as the revised October rate of 4.8 percent.

The U.S. preliminary rate for November was 4.6 percent, down three-tenths of a percentage point from the previous month.

2016 November - Labor Force Estimates «Read the rest of this article»

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of November 7th, 2016

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The Federal Open Market Committee left short-term interest rates unchanged, as expected, and the policy statement was a near photocopy of the one in September.

The FOMC noted that “the case for an increase in the federal funds rate has continued to strengthen,” but for the time being, officials decided “to wait for some further evidence of continued progress towards our objectives.”

The October Employment Report was largely in line with expectations. Nonfarm payrolls rose by 161,000 (median forecast: +175,000), but the two previous months were revised a net 44,000 higher.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of October 19th, 2016

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Minutes of the September 20-21 policy meeting showed that Federal Open Market Committee members were divided on whether to raise short-term interest rates, and most of those voting to wait felt that it was “a close call.”

Financial markets have increasingly priced in a mid-December rate hike. Amid a thin economic calendar, investors focused on what’s happening in the rest of the world, but also reacted to the initial earnings reports for 3Q16.

Frazier Allen

Frazier Allen

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