Monday, March 21, 2011

Tennessee Jobless Rate Rises

Japan's Disasters May Have Impact

From the Tennessean March 18:

"In the short-term, I don't expect to see any layoffs related to the Japanese disaster," said economist Murat Arik, associate director of the Business & Economic Research Center at Middle Tennessee State University in Murfreesboro.

Still, the situation is fluid, and to the extent that local auto-sector firms need parts or production from Japan, they could be forced to close temporarily until that supply returns, cautions Steven Livingston, editor of a global trade newsletter and a political science professor at MTSU.