Tag Archives: October

TN Unemployment Rate in October 8.2 Percent

NASHVILLE, Tenn. (AP) — Tennessee’s unemployment rate decreased slightly in October.
Labor and Workforce Development Commissioner Karla Davis said in a news release Thursday that October’s rate was 8.2 percent, down from 8.3 percent in September.
She said the October rate is the lowest since June.
The national unemployment rate for October was 7.9 percent, 0.1 percentage point higher than the previous month.
In Tennessee, total nonfarm employment rose by 7,500 jobs from September to October, with increases in leisure/hospitality and professional/business services. There were declines in government and mining/logging/construction.

Voter Registration Deadline at Hand

News release from secretary of state’s office:
Tomorrow (Saturday, Oct. 6) is the last day for Tennesseans to register to vote by mail if they wish to participate in the Nov. 6 election.
Mail-in applications to register must be postmarked by Monday, October 8 in order to be valid for the November election. However, the United States Post Office will be closed on Monday for the federal Columbus Day holiday. Therefore, applications need to be postmarked by tomorrow.
People may still register in person at the local election commission offices in 93 of Tennessee’s 95 counties through the close of business Monday. (Election offices in Lewis and Hickman counties will not be open Monday. Citizens in Lewis and Hickman counties who want to register to vote on Monday may take their forms to another county election commission office on Monday and those forms will be accepted in time for the November election.)
For questions about registering to vote, contact your local election commission office http://tnsos.org/elections/election_commissions.php, call the state Division of Elections’ toll-free hotline at 1-877-850-4959 or visit www.GoVoteTN.com.

TN October Unemployment Rate: 9.6 Percent

NASHVILLE, Tenn. (AP) — Tennessee’s October unemployment rate of 9.6 percent dropped slightly from the previous month.
The September rate was 9.8 percent. The national unemployment rate for October was 9 percent.
State Labor Commissioner Karla Davis says education and health services were two of the sectors fueling the employment hike.
According to a survey of businesses, monthly employment increases came in local government education services, up 7,500 jobs; educational and health services was up 4,100; and trade, transportation and utilities increased by 2,600 jobs.
From September to October, leisure and hospitality decreased by 2,000 jobs; mining, logging and construction was down 1,000; and financial activities declined by 800 jobs.

State Tax Take Over Estimates In October

News release from Department of Finance and Administration:
NASHVILLE – Revenue collections in Tennessee for October continue to indicate consumer confidence in the state’s economy. Finance and Administration commissioner Mark Emkes reported today that state revenue collections for October were $791.5 million, which is 8.01% above October 2010.
“We’re satisfied with the positive growth rates experienced in our overall tax collections, especially in the sales tax, which is the best indicator of economic recovery in Tennessee,” Emkes said. “The sales tax recorded a first quarter growth of 6.5%, which is the best first quarter growth since 2006.
“However, we continue to watch national leading economic indicators, which show that very slow recovery is in progress, and in light of that and the uncertainty surrounding resolution of the federal budget, we must continue to be diligent in monitoring our spending patterns.”
On an accrual basis, October is the third month in the 2011-2012 fiscal year.
October collections were $36.4 million more than the budgeted estimate. The general fund was over collected by $34.0 million and the four other funds were over collected by $2.4 million.
Sales tax collections were $15.9 million more than the estimate for October. The October growth rate was 6.17%. Year-to-date the growth rate is 6.50%.
Franchise and excise combined collections for October were $35.1 million, and they were $24.9 million above the budgeted estimate of $10.2 million.
Gasoline and motor fuel collections increased by 1.93% and they were $1.2 million below the budgeted estimate of $72.8 million.
Tobacco tax collections for the month were under collected by $1.6 million.
Privilege tax collections were $600,000 less than the budgeted estimate of $21.2 million.
Inheritance and Estate taxes were under collected by $1.9 million for the month.
All other taxes were over collected by a net of $0.9 million.
Year-to-date collections for three months were $59.9 million more than the budgeted estimate. The general fund was over collected by $56.8 million and the four other funds were over collected by $3.1 million.
The budgeted revenue estimates for 2011-2012 are based on the State Funding Board’s consensus recommendation of April 15, 2011 and adopted by the first session of the 107th General Assembly in May. They are available on the state’s website at http://www.tn.gov/finance/bud/budget.html.