Topgolf Entertainment Group, a global sports and golf entertainment company, recently opened its 79th global venue in Knoxville. The new entertainment venue has brought roughly 300 jobs to the Knoxville area.
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The city of Knoxville’s public service department announced that it will hold a job fair on September 15th, from 8 a.m. to 12 p.m., located at the Public Works Service Center.
The Public Service Job Fair is geared toward job seekers “looking for steady, satisfying outdoor work that helps keep Knoxville clean and operating efficiently,” the department wrote in a press release.
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Ventcon, Inc. officials announced on Tuesday that the company will invest $6.7 million in Madison County to establish its first manufacturing operations outside of the company’s headquarters in Allen Park, Michigan.
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The Minnesota Department of Employment and Economic Development will give $4.3 million of taxpayer money to five private businesses through the Minnesota Job Creation Fund and the Minnesota Investment Fund.
The state says these projects will create 321 jobs over the next three years and will eventually boost the local tax base.
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The Tennessee Bureau of Investigation (TBI) recently announced that it is searching for interested and qualified candidates to fill 39 open positions in the department. TBI is currently looking to fill 3 TBI Police Officer positions in Davidson County as well as 36 TBI Special Agent/Criminal Investigator positions in multiple counties.
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Alfresco Pasta Brand, LLC held a grand opening ceremony Tuesday in Bells, Tennessee to celebrate the company’s expansion in Crockett County. The ceremony comes after the company announced in March its intention to invest $3.8 million to expand and relocate its operations from Nashville to Bells.
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Duksan Electera America, Inc. officials announced Wednesday that the company will invest $95 million to locate its first North American manufacturing facility in Shelbyville, Tennessee. Duksan Electera is a branch of the South Korean-based Duksan Group which is an advanced material manufacturer.
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Highland Ventures Ltd. officials announced Monday that the company will invest $8.2 million to relocate its headquarters operations from Glenview, Illinois, to Brentwood, Tennessee. The company “is planning to take advantage of the unprecedented growth” within Brentwood to support its expansion strategies.
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TechnologyAdvice, LLC officials announced this week that the company would invest $2.7 million to expand its headquarters and other back-office functions in Nashville, Tennessee.
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New numbers from the Florida Department of Economic Opportunity (DEO) detailed the state’s unemployment rate in June continued to decline, remaining below the national average.
Furthermore, the state’s labor force grew by 40,000, which is roughly .4 percent. Again, the state outperformed the national average, which witnessed a decrease.
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Tennessee Hills Distillery officials announced Monday that the company will invest $21.3 million to expand in Northeast Tennessee by adding a Bristol location to serve as the company’s new headquarters. The company’s newest investment joins its existing operations in Jonesborough and Johnson City.
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iFixit officials announced Monday that the company will establish its East Coast hub for distribution and innovation in Chattanooga. iFixit will invest $24.2 million and create 201 new jobs in Hamilton County over the next five years, according to a press release by the Tennessee Department of Economic and Community Development (TNECD).
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A Goldman Sachs economist says there is a 30% probability of the U.S. entering a recession within one year and 48% within two years.
Goldman Sachs Chief U.S. economist David Mericle outlined the probability of a recession at an event Tuesday and said that the likelihood of a recession would decrease if the U.S. had not entered one within two years.
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The McMinn County Economic Development Authority is hosting the 2022 McMinn Regional Job Fair at Athens Regional Park on July 21. The job fair will be held from 9:00 a.m.-3:00 p.m. (EST) and will host over 20 regional employers with current job openings ready to hire.
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Kroger Fulfillment Network, LLC officials announced Thursday that Kroger Co. will offer more Americans product delivery through the addition of a “spoke” facility in Nashville. The project is expected to bring 180 new jobs to Davidson County.
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Bob Rolfe officially exited the Tennessee Department of Economic and Community Development (TNECD) to enter the private sector Friday with a farewell message shared to social media. Rolfe has served as TNECD Commissioner since March 2017, when he was appointed by former Tennessee Governor Bill Haslam.
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Although Friday’s jobs report seemed like good news for a beleaguered economy and President Joe Biden, the report’s potential methodological issue as well as the economy’s negative growth indicate a recession is still on the horizon, according to an economist at The Heritage Foundation.
The U.S. Bureau of Labour Statistics’ job report for June, released on Friday, soothed some fears that the U.S. economy might be approaching a recession. However, negative GDP growth, rampant inflation and methodological issues within the report indicate that a recession is looming, according to E.J. Antoni, a research fellow for regional economics at The Heritage Foundation.
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VK Integrated Systems (VKIS) announced Friday that the company will invest $840,000 to relocate its manufacturing operations from Fullerton, California, to Clarksville, Tennessee by breaking ground on the new manufacturing site in Montgomery County.
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Rebecca Kleefisch can, and will, explain her tax plan in minute detail if you let her.
Wisconsin’s former Lt. Governor isn’t hiding her passion as she runs for governor on the Republican ticket this fall.
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While the entire nation was devastated by mass unemployment claims during the COVID-19 pandemic, most states are well on the way to a full recovery.
Except in the Midwest.
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Preliminary data from the Department of Labor and Workforce Development (TDLWD) indicated Tennessee’s unemployment rate for May 2022 increased slightly from March and April’s record-breaking rate of 3.2%.
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Rockford Spring Company officials announced Thursday that the company will establish new manufacturing operations in Lewisburg. Founded in 1952, Rockford Spring Company manufactures custom precision springs and wire forms for the automotive, agriculture, firearms, hydraulics and outdoor power equipment, as well as many other industries.
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The State of Tennessee was recently honored at Area Development’s annual Shovel Awards by being the recipient of the first-ever ‘Platinum Shovel’ which “recognizes states that went beyond the Gold standard for job creation and investment.”
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Advanced Call Center Technologies (ACT) announced Monday it will establish new operations in Bristol and Kingsport, creating 650 new jobs in Sullivan County. ACT’s expansion in the region will create 350 new jobs at its Kingsport facility and 300 jobs in Bristol, according to a press release by the Tennessee Department of Economic and Community Development (TNECD).
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Nine years after declaring bankruptcy, the city of Detroit received more than $826.7 million in one-time federal stimulus money but still projects a deficit in fiscal year 2027.
A Citizen’s Research Council of Michigan (CRCM) report says the city’s plan to spend one-time dollars on recurring programs is unsustainable.
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Ford Motor Company says it will spend $3.7 billion across three Midwestern states to create more than 6,200 new union jobs.
The United Auto Workers and Ford say they will convert nearly 3,000 temporary UAW-Ford workers to permanent full-time status and provide all hourly employees healthcare benefits on the first day at work.
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The U.S. economy added 390,000 jobs in May while the unemployment rate was largely unchanged at 3.6%, according to Department of Labor data released Friday.
The number of unemployed people ticked up slightly to about 6 million, according to the Bureau of Labor Statistics (BLS) report. Economists projected 328,000 Americans would be added to payrolls prior to Friday’s report, The Wall Street Journal reported.
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An agreement with a government contractor to make helicopters and create jobs in Connecticut is now law, Gov. Ned Lamont said.
The governor signed Public Act 22-4 early Monday to seal a deal with Lockheed Martin, the parent company of Sikorsky Aircraft Corporation. Under the agreement, the helicopter manufacturer will operate in Connecticut through 2042 and will support an estimated 30,000 direct and indirect jobs.
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New data released by the Tennessee Department of Labor and Workforce Development (TDLWD) revealed unemployment across the state remained at a historic low in April. The record-low rate of 3.2%, set in March, held steady into April, according to the department.
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Five Star Food Service, Inc. officials announced Wednesday in a press release that the company will expand its headquarters operations in Hamilton County.
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The majority of Americans feel they cannot keep up with the cost of living as inflation and the price of goods continue to rise, according to new polling data.
A poll from NBC News asked Americans, “Do you think that your family’s income is … going up faster than the cost of living, staying about even with the cost of living, or falling behind the cost of living?”
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Gov. Gretchen Whitmer and one economic analyst agree that Michigan needs more workers but disagree on the proper strategies necessary to acquire them.
John Mozena, president of the Center for Economic Accountability, a nonprofit organization for transparent economic development policy, questioned Whitmer’s “doubling down” on big business subsidies while many businesses need workers. There are about 10 million Michiganders but, as of January 2021, only 4.7 million are in the workforce.
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Columbiad Fabrication and Aviation, LLC officials announced this week that the company will invest $4.8 million to expand its manufacturing operations in Henry County, creating 144 new jobs over the next five years.
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Nashville Record Pressing, LLC officials recently announced that the company will establish operations in Nashville, which will include its headquarters, manufacturing, distribution and back-office functions.
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The unemployment rate in Arizona continues to decline.
In March 2022, Arizona had a seasonally adjusted unemployment rate of 3.3%. This was slightly lower than the national unemployment rate at the same time, according to data released by the Arizona Commerce Authority this week.
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Unemployment rates dropped in every Tennessee county in February, according to new data released by the Tennessee Department of Labor and Workforce Development (TDLWD). The department made the announcement in a press release Thursday.
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One Republican candidate for governor in Wisconsin wants to pay lawmakers less in order to get them to think more about service.
Republican Kevin Nicholson wants to classify the State Assembly and State Senate as part-time jobs, and cut their $55,141 yearly salaries.
“My feeling is that pay and benefits should be paid out in accordance with work performance,” Nicholson told The Center Square. “Moving to a part-time legislature, a citizen legislature, will allow more people to serve their state and their communities.”
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The Bureau of Labor Statistics on Friday said the U.S. economy added 431,000 nonfarm jobs in March.
That figure came in below the projected number of 490,000 jobs.
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The spread between 10-year treasuries and 2-year treasuries, a leading recession indicator whose inversions have predicted almost all of the U.S. economic recessions in modern history, on March 31 inverted for the first time since Sept. 2019.
When the 10-year, 2-year spread inverts, a recession tends to result on average 14 months afterward, sometimes sooner, sometimes later. The one time there was a head fake on the 10-year, 2-year was in the mid-1990s at a time when inflation was much lower Visit Site than it is now.
As an aside, potentially the Sept. 2019 inversion might have ended up being a premature indicator, too, but then Covid and global economic lockdowns in early 2020 went ahead and ensured a recession even if one was not due. On the other hand, at that point it had been 11 years since the prior recession and so the business cycle was going to end sooner or later.
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Connecticut’s nine-month job growth streak came to an end with a reported loss of 1,700 private-sector jobs in January.
One industry expert said the loss is reflective of the state’s dealings with the economy in recent years.
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Ultimate Linings, LLC officials announced Tuesday the company will relocate its chemical manufacturing facility from Bedford, Texas, to Lebanon, Tennessee, according to a press release by the Tennessee Department of Economic and Community Development (TNECD).
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Job openings remained nearly unchanged in February while Americans continue to leave their jobs in high numbers, the Bureau of Labor Statistics (BLS) announced Tuesday.
The U.S. saw 11.3 million job openings in February, a slight dip from December’s high of 11.4 million, BLS reported Tuesday. Economists surveyed by The Wall Street Journal estimated job openings would slightly decrease from January’s 11.3 million figure.
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Permobil, Inc. officials announced the company expects to invest $15.5 million to expand its manufacturing operations at the company’s North American headquarters in Middle Tennessee, according to a press release by the Tennessee Department of Economic and Community Development (TNECD).
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The number of Americans who filed new unemployment claims decreased to 187,000 in the week ending March 19, the lowest level in over 50 years, the Department of Labor announced Thursday.
The Labor Department’s figure showed a decrease of 28,000 compared to the week ending March 12, when new claims numbered 215,000, according to data from the U.S. Bureau of Labor Statistics (BLS). This week’s claims were well below the predictions of economists surveyed by Bloomberg, who estimated that new claims would total 210,000.
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On Wednesday, Governor Bill Lee, Department of Economic and Community Development (TNECD) Commissioner Bob Rolfe, and ATC Drivetrain officials announced the company has selected Knoxville as the location for its newest manufacturing facility.
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The City of Knoxville is helping young people at highest risk for violent crime access jobs and activities this summer through its Summer Opportunity Youth Grant.
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As the peak of the coronavirus pandemic appears to have passed, ten Republican-led states have all recorded the lowest unemployment rate on record.
According to The Hill, the latest report from the Bureau of Labor Statistics (BLS) shows ten different states with unemployment rates as low as just over 2 percent. Nebraska and Utah are tied for the lowest percentages in the country, at 2.2 percent each. They are followed by Indiana with 2.4 percent, and Kansas with 2.6 percent. The remaining six states are: Arkansas, Georgia, Mississippi, Montana, Oklahoma and West Virginia.
All ten states’ unemployment rates are currently the lowest on record since BLS first began tracking state-by-state percentages in 1976. Of these ten states, only one has a Democratic governor, with Laura Kelly in Kansas. All ten states have Republican majorities in their respective state legislatures.
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While filling jobs continues to be a source of struggle for businesses across the nation, Ohio employers seem to be dealing with it better than most, according to a recently released study.
A WalletHub report compared all 50 states and the District of Columbia based on the rate of job openings for the latest month and the past 12 months.
“Lots of businesses are struggling to hire enough workers, which has sometimes led to delays in services and reduced business hours,” the report read. “In fact, the labor force participation rate has experienced the slowest recovery of any recession since World War II. Some businesses aren’t even able to keep the employees they already have – as Americans are quitting their jobs at record rates in what’s been dubbed the ‘Great Resignation.’ ”
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The U.S. economy added 678,000 jobs in February, according to a Friday report from the U.S. Bureau of Labor and Statistics (BLS), beating economists’ expectations.
Total nonfarm payroll employment increased by 678,000 in February, according to the BLS report, while the unemployment rate dropped to 3.8%, a pandemic low. Job gains were most pronounced in the leisure and hospitality sectors, which added a total 179,000 jobs.
“The labor market continues to be quite hot,” Nick Bunker, an economist at Indeed, told The Wall Street Journal. “It looks like the labor market is still primed for lots of strong employment growth.”
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Monday morning on The Tennessee Star Report, host Leahy welcomed GOP primary candidate Morgan Ortagus in studio to talk about her top three legislative objectives if elected to Congress.
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