Friday, August 15, 2008

Tennessee Jobless Rate Rises to 21-Year High

From the Tennessean, August 15, 2008: According to "David Penn, an economist at Middle Tennessee State University, 'The job losses in manufacturing have generated the losses in other sectors as well, and now we have one of the higher unemployment rates in the country.' . . . The professional and business-services job losses came as a result of the drop in manufacturing positions, which Penn blamed on the decline in automobile sales as well as the slow real-estate market." (more)