Three Tennessee cities have ranked among the Top 50 Best Job Markets in SmartAsset’s 2023 study of the 340 largest U.S. cities.
Read MoreThree Tennessee Cities Rank Among the Top 50 Best Job Markets in the U.S., According to New Study
Tag: Jobs
GOP Presidential Hopeful Tim Scott Unveils Economic Plan Ahead of Campaign Trip to Hawkeye State
U.S. Senator and Republican presidential hopeful Tim Scott is unveiling his “Build, Don’t Borrow” economic plan as he prepares for another campaign trip to Iowa.
Scott says his proposal targets runaway government spending, while cutting taxes, expanding jobs and “unleashing American manufacturing and energy production” with his Made in America agenda.
Read MoreSouth Korean Food Processing Company Announces $47 Million Investment in Georgia
South Korean company CJ Foodville Corporation announced this week it will invest more than $47 million to build a new bakery and food processing facility in Gainesville.
Read MoreAutomotive Supplier Announces $72 Million Investment in Georgia
Daesol Ausys, a South Korean automotive supplier, announced Tuesday it will invest $72 million to establish a new manufacturing facility in Harris County.
Read MoreFour Tennessee Counties Had an Unemployment Rate Below 3 Percent in July
The Tennessee Department of Labor and Workforce Development (TDLWD) released county-specific unemployment data on Thursday for July.
Last month, a majority of Tennessee’s 95 counties reported lower unemployment rates compared to the data reported in June, according to TDLWD.
Read MoreKroger Expected to Bring 140 Jobs to Bradley County with New Facility
The Kroger Company officials announced Monday that the company will construct a new Central Fill facility in Cleveland, Tennessee.
Kroger, headquartered in Cincinnati, Ohio, is one of the world’s largest retailers.
Read MoreMemphis-Based HVAC Company Announces $2.75 Million Expansion Project
HVAC company American Residential Services (ARS)/Rescue Rooter recently announced that it will invest $2.75 million to expand its headquarters operations in Memphis.
Read MoreTennessee’s July Unemployment Rate Makes History
New data released by the Tennessee Department of Labor and Workforce Development (TDLWD) revealed unemployment across the state reached a historic low in July of 3.1 percent.
Read MoreGeorgia Unemployment Remains Below National Average as Initial Claims Rise
Georgia’s July unemployment rate was 3.2%, unchanged from June’s revised rate, even as more Georgians filed initial unemployment claims.
The state’s unemployment rate is also lower than the national unemployment rate of 3.5%. In July, Georgians filed 31,410 initial claims for unemployment benefits, up 34%, or 7,933, from a month earlier and 2,865 from last year.
Read MoreEconomic Development in Georgia Breaks Records for Third Year in a Row
The State of Georgia broke records for the third year in a row in regards to economic development as total investments in facility expansions and new locations totaled more than $24 billion during fiscal year 2023 (FY23).
Read MoreRedDOT Corporation Announces $18 Million Expansion Project in Memphis
RedDOT Corporation officials announced Tuesday that the company will invest $18 million to expand its manufacturing and distribution operations in Memphis.
Read MoreCommentary: Bidenomics Is Pouring Cold Water on the Labor Market
Friday’s jobs numbers show the labor market is softening due to Bidenomics and Bidenflation. Only 187,000 jobs were created last month. That’s below expectations, 40% less than the 12-month average, and the lowest level since the pandemic. Previous months’ employment growth was also revised down significantly, taking the sheen off recent jobs reports.
Average wages grew slower than core inflation, meaning Americans’ real wages and living standards remain stagnant. Friday’s numbers come on the heels of this week’s JOLTS report showing the fewest number of job openings and the fewest number of Americans quitting their jobs since the pandemic.
Read MoreKorean Construction Company to Build First U.S. Plant in Georgia
South Korean company Duckshin Housing announced this week it will invest more than $15 million to establish its first U.S. manufacturing presence in Athens.
Read MoreAutomotive Manufacturer Announces $170 Million Investment Project in Tennessee
South Korean company Hanon Systems recently announced it will invest $170 million to establish a new manufacturing presence in Loudon.
Read MoreCommercial Vehicle Manufacturer Announces $25.2 Million Expansion Project in Middle Tennessee
McNeilus Truck and Manufacturing, Inc., an Oshkosh Corporation [NYSE: OSK] company that manufactures purpose-built commercial vehicles and equipment announced Wednesday that it will invest $25.2 million to expand its manufacturing presence in Middle Tennessee.
According to the Tennessee Department of Economic and Community Development (TNECD), the company plans to expand operations at its current Parkway Place facility in Murfreesboro to fabric and weld custom vehicle components.
Read MoreBradshaw Home to Establish Operations in Georgia with New Distribution Center
Bradshaw Home, a designer and marketer of kitchen and cleaning products, will establish operations in Georgia by constructing a new distribution center in Effingham County.
Read MoreTennessee Matches All-Time Low of 3.2 Percent Unemployment Rate
Tennessee reached an all-time low of 3.2% unemployment in June, matching the 3.2% mark set in June 2022.
The rate had been 3.3% in both April and May after being 3.5% in January and February.
Read MoreProbiotic Beverage Company Announces $305 Million Investment Project in Georgia
A Japanese probiotic beverage company recently announced it will establish operations in the Peach State by building a production facility at a Georgia Ready for Accelerated Development (GRAD) Certified site in Cartersville.
Read MoreMichigan’s June Unemployment Rate Drops Slightly
Michigan’s seasonally adjusted jobless rate decreased by one-tenth of a percentage point to 3.6% during June, according to data released by the state’s Department of Technology, Management & Budget.
Total employment increased by 26,000, while unemployment edged down by 3,000, resulting in a labor force gain of 23,000 over the month.
Read MoreKia Announces Upgrade, Jobs at Georgia Plant
Kia plans to spend more than $200 million to accommodate the assembly of its new electric SUV at its west Georgia facility.
State officials said the project will create roughly 200 new jobs at Kia’s West Point plant, Kia Corporation’s first manufacturing site in North America. When assembly of the EV9 starts in the second quarter of 2024, it will be the fifth model to be assembled at Kia Georgia.
Read MoreCommentary: As Hiring Slows Down, So Does the Economy
The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.
Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from COVID notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.
Read MoreCommentary: As Hiring Slows Down, So Does the Economy
The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.
Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from Covid notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.
Read MoreLumber Company Expanding in Southwest Virginia
Southwestern Virginia is set to benefit from a $7.5 million expansion of Musser Biomass and Wood Products, bringing new, high-paying jobs to the area and more than doubling its production of dried hardwood chips and sawdust.
Musser’s parent company, Musser Lumber Company, has contributed to the Wythe County economy since 1968 when it was founded, and today has customers across the country and worldwide. The company specializes in preparing hardwood lumber for flooring and paneling, and sources lumber from dozens of regional sawmills.
Read MoreTennessee Announces New Site Development Grant Recipients
Tennessee Governor Bill Lee and Tennessee Department of Economic and Community Development (TNECD) Commissioner Stuart McWhorter announced Thursday that approximately $5.9 million in Site Development Grant funds have been awarded to 10 community entities across the state.
Read MoreEnchem America Inc. Announces $152.5 Million Investment Project in Tennessee
Enchem America Inc. officials announced Monday that the company will invest $152.5 million to establish electrolyte manufacturing operations in Haywood County, which is categorized as an “economically distressed” county by the Tennessee Department of Economic and Community Development (TNECD).
Read MoreGovernor Lee, TNECD Commissioner McWhorter Return Home after Economic Development Trip to Europe
Tennessee Governor Bill Lee and Tennessee Department of Economic and Community Development (TNECD) Commissioner Stuart McWhorter recently wrapped up a six-day economic development trip to France and Italy, Lee’s office announced Monday.
Read MoreAutomotive Parts Manufacturer Plans Facility in Georgia
An automotive parts manufacturer plans to establish a new facility in Henry County, and the state is offering “customized training services” as part of the project.
NVH Korea plans to spend $72 million on the Locust Grove facility and create more than 160 jobs. The new facility at Gardner Logistics Park on Colvin Drive will supply battery parts for electric vehicles in the United States.
Read MoreIndependent Stave Company to Open Stave Mill in Overton County Through $30 Million Investment
Independent Stave Company officials recently announced that the company will invest $30 million to establish new manufacturing operations in Overton County, which is categorized as an “economically distressed” county by the Tennessee Department of Economic and Community Development (TNECD).
Read MoreStudy: Federal Biopharma Policies Could Cost Arizona 11,000 Jobs
A new study by the Vital Transformation and We Work for Health organizations estimates that recent federal drug policies could result in more than 11,000 jobs lost in Arizona.
The study states that in addition to job losses, fewer drugs and therapies would be approved over a ten-year period. These negative developments would all be due to the market controls put in place by the Senate-introduced SMART Prices Act, an extension of the Inflation Reduction Act.
Read MorePlastic Manufacturer Announces $6.9 Million Investment Project in Georgia’s Washington County
PVS Plastics Technology Corporation officials recently announced that the company will invest $6.9 million to establish its second U.S. facility in Johnson City.
PVS, which describes itself as an “environmentally friendly plastics company,” is based in Niedernhall, Germany. The company specializes in manufacturing electric motor and fan components for the automotive and commercial HVAC industries.
Read MoreArizona Receives ‘Gold Shovel’ Development Award for Third Consecutive Year
For the third year in a row, the state of Arizona was awarded the Gold Shovel by Area Development magazine for states within the 6-10 million residents category.
The award, given on June 7, recognizes states that, “garnered large job-creating and investment projects through innovative policies, infrastructure improvements, and other processes that attracted new employers as well as investments in expanded facilities.” Since 2007, Arizona has won five gold shovel and six silver shovel awards. The state bested silver shovel winners Virginia, Indiana and Tennessee in the population category.
Read MoreElectric Vehicle Parts Manufacturer Announces $18 Million Investment in Dublin-Laurens County
Woory Industrial Company, Ltd., an automotive parts manufacturer, recently announced that it will establish a new manufacturing facility in Dublin as its first U.S. manufacturing location.
Woory is a Korea-based company that develops and produces HVAC auto components for all types of vehicles, including electric and internal combustion engine vehicles, and eco-friendly and hydrogen-fueled cars.
Read MoreThree Investment Projects Coming to Georgia Totaling $1.59 Billion Announced Last Month
During the month of May, the Georgia Department of Economic Development (GDEcD) announced that three companies are investing a combined total of $1.59 billion to establish new business operations in the Peach State.
Read MoreEconomy Added 339K Jobs in May, Nearly Double Wall Street Expectations
U.S. employers have added roughly 339,000 jobs in May, and the monthly unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April, according to a Labor Department report released Friday.
Average hourly earnings rose 0.3% for the month while on an annual basis, wages increased 4.3%, which was a 0.1 percentage point under the estimate.
Read MoreCommentary: Don’t Believe The Jobs Day Hype — Americans Are Still Getting Poorer
Friday’s jobs report shows 339,000 jobs were created in May, beating expectations again. While Democrats and the media celebrate, the labor market condition is not as strong as this topline number suggests.
The report shows that real wages continue to decline. For the 26th consecutive month, average wages grew slower than inflation. The Biden presidency will forever be marked as one where Americans got poorer and saw their living standards decline.
Read MoreUnemployment Rate Fell to Below 5 Percent in All 95 Tennessee Counties
The unemployment rate dropped in all of Tennessee’s 95 counties in April and each county now has an unemployment rate below 5%.
Read MoreBBQ Grill Manufacturer Announces $27.8 Million Expansion Project in Greene County
Meco Corporation officials recently announced that the company will invest $27.8 million to expand its headquarters in Greene County.
Read MorePlastic Manufacturer Announces $5.4 Million Expansion Project in Marion County
Full-scope plastics manufacturer Primex Color, Compounding & Additives Corporation recently announced that the company will invest $5.4 million to construct a new research and development center and expand its existing manufacturing facility in Jasper.
Read MoreReport: U.S. Economic Development Departments Pay Big Money for Few Gains
While billion-dollar economic development incentives are heavily expanding across the country, the agencies in charge of handing out those incentives claim to create or retain 625,000 jobs in their most recent fiscal years, according to a new report.
The Center for Economic Accountability tallied up the jobs claimed as part of incentive packages in the 50 states and Washington, D.C. and found job total would be less than 5% of the 15 million to 17 million jobs naturally created in the United States economy each year.
Read MoreCommentary: The Biden Admin Doesn’t Care About Creating Jobs – They Even Say So
Department of Interior Secretary Deb Haaland said the quiet part out loud last week. As the executive of our public lands agency, she does not believe that Americans need jobs because there are already so many jobs available. It’s better to lock up land, and lock down mining because who wants those jobs, when there are so many others?
Before the U.S. Senate Energy and Natural Resources Committee, Haaland told Sen. Josh Hawley, “Senator, I know that there’s like 1.9 jobs for every American in the country right now. So, I know there’s a lot of jobs,” which was her explanation for canceling cobalt mining permits for Twin Metals Minnesota, an underground mine proposed for the northeastern part of the state. America won’t need those jobs, she was saying.
Read MoreIndustrial Nylon Manufacturer Announces $50 Million Expansion Project in Hamilton County
Kordsa, Inc. officials announced Wednesday that the company will invest $50 million to expand manufacturing operations at its Chattanooga facility.
Read MoreEnergy Company Announces $200 Million Investment in Madison County to Build Battery Material Manufacturing Plant
6K Energy officials announced Tuesday that the company will invest in a full-scale PlusCAM™ battery material manufacturing plant in Jackson.
Read MoreRecord Pressing Company Announces $10.8 Million Expansion Project in Nashville
United Record Pressing officials recently announced that the company is investing $10.8 million to expand manufacturing operations at its headquarters in Nashville.
Read MoreSteamboat Transportation Group Relocating Headquarters to Williamson County from Nashville
Steamboat Transportation Group, LLC officials recently announced that the company will invest $2 million to expand and relocate its headquarters operations from Nashville to Brentwood.
Read MoreAmazon Requests $152 Million in Incentives from Virginia for New HQ2 Campus
Amazon applied for economic development incentives from Virginia for its new HQ2 campus in Arlington, requesting the state pay $152 million to the company by 2026.
Arlington was chosen as the site for Amazon’s second quarters four years ago – a move the company said would bring 25,000 jobs to the area by 2030. The tech giant has roughly 8,400 employees assigned to HQ2, and the average wage of these jobs must meet or exceed $156,800, according to Amazon spokesperson Rachael Lightly.
Read MoreJobs Data Conflicts with Whitmer’s Claim of ‘Securing’ 35,000 Auto Jobs
In a video released Monday morning, Gov. Gretchen Whitmer touted Democrat’s accomplishments in their first 100 days of office.
She again claimed that she “secured” 35,000 auto jobs since 2019.
Read MoreFortune 500 Company Announces $25 Million Expansion Project in Bradley County
Duracell Manufacturing officials announced Tuesday that the company will invest $25 million to expand its existing battery component manufacturing operations in Cleveland.
Read MoreHospitality Job Fair to Host 48 Employers at Nissan Stadium on Tuesday
The Nashville Convention & Visitors Corp, in partnership with the Greater Nashville Hospitality Association, is hosting a hospitality industry job fair at Nissan Stadium on Tuesday. The job fair will be held from 10 a.m. to 3 p.m. (Central Standard Time) and will host 48 regional employers – some with current job openings ready to hire on the spot.
The hiring event comes as the hospitality industry in Nashville continues to grow. The city has 273 hotels, with an additional 2,544 rooms under construction, according to data by the Nashville Convention & Visitors Corp. In addition, 66 new restaurants opened in 2022, with 765 restaurants and bars opening since 2015.
Read MoreMajor Automotive Parts Supplier Announces $54 Million Expansion Project in Madison County
Toyota Boshoku Tennessee, LLC (TBTN) announced Thursday that it will invest $54.4 million to expand manufacturing operations at its metal stamping facility in Jackson.
Read MoreCostco One Step Closer to Building Store in Mt. Juliet
The Mt. Juliet Planning Department recently voted to move Costco Wholesale’s Development Plan package to the Board of Commissioners with a positive recommendation as the next step in bringing the store to the city.
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