Unemployment Rate In Tennessee Down In November To 7.6 Percent

Thursday, December 20, 2012

Tennessee Commissioner of Labor & Workforce Development Karla Davis announced Thursday that Tennessee’s unemployment rate for November decreased to 7.6 percent, down from the October revised rate of 8.2 percent. The national unemployment rate for November 2012 was 7.7 percent, 0.2 percentage point lower than the October rate.

Economic Summary:

· Tennessee’s November unemployment rate is the lowest rate since October 2008.

· Over the past year, Tennessee’s unemployment rate has declined from 8.7% to 7.6% (-1.1 percentage point) while the national rate declined from 8.7% to 7.7% (-1.0 percentage point).

· The number of unemployed persons is the lowest since October 2008.

· Total nonfarm employment increased 3,600 jobs from October to November, with increases in trade/transportation/utilities and manufacturing. 

· Total nonfarm employment increased 25,800 jobs from November 2011 to November 2012, with increases in manufacturing and education/health services. Declines occurred in financial activities and wholesale trade.


First Horizon Declares Quarterly Dividends

First Horizon National Corporation, parent company of First Tennessee Bank, board of directors has approved payment of a quarterly cash dividend on its common stock of $.07 per share. The dividend is payable on Oct. 3 to the common shareholders of record on Sept. 9.   The board also approved payment of a quarterly cash dividend of $1,550 per share on First Horizon’s Non-Cumulative ... (click for more)

Develop CENTS Hosts Ribbon-Cutting Ceremony

IT startup Develop CENTS will celebrate the opening of their 6110 Shallowford Road location with a ribbon-cutting ceremony on Thursday, Aug. 4 from 10-11 a.m. Founded in 2013, the company specializes in providing IT support and web hosting to nonprofits and small businesses. Officials said their expansion, including a new office space and an addition to the staff, will allow ... (click for more)

$30 Million Development Planned At King And South Market; Will Include Hotel, Condos, Offices, Retail, Possible Restaurant

A new $30 million development is planned for the Southside at King Street and South Market. Nick Wilkinson, city deputy director for economic development, said it will include a hotel, condos, offices, retail and possibly a restaurant. It could also include some light industry. A storage building and a parking lot are now at the site. He said the developers plan to reuse ... (click for more)

Investor In Scheme Says Dyer Made Contacts At Quarterback Club

One of the investors who was a loser in an investment scheme recently halted by the Securities and Exchange Commission said one of the Chattanooga brokers involved made many of his contacts through the Chattanooga Quarterback Club. Paul Smith, former Hamilton County Democratic Party chairman, said Doug Dyer has been the president for many years of the club that promotes UTC and ... (click for more)

Expand Broadband Internet, Not The Size Of Government

I’d like to respond to two letters in your July 13 edition that praised Rep. Mike Carter’s efforts to expand statewide broadband access. Rep. Carter wants more government involvement in the broadband sector, including an expansion of taxpayer-funded, municipal broadband networks.  Rep. Carter’s supporters argued he’s standing up for consumers against huge telecommunications ... (click for more)

Roy Exum: Keep Mike Carter’s Genius

Mike Carter, who has just been chosen as the “Best Overall” member of the Tennessee Legislature by a group known as the Tennessee Forum and “Legislator of the Year” by Citizens for Home Rule, is truly both. A lawyer and then a Sessions Court judge for 8 ½ years, he is overwhelmingly favored to win a third term during next Thursday’s election and rightly so. While it is laudable ... (click for more)