Category Archives: Center for Business and Economic Research

UT report: Sluggish job creation slows recovery

Tennessee’s economy is “marginally healthier” than the national economy, but sluggish job growth continues to be a drag on the state and national economies, according to a report released today by the University of Tennessee’s Center for Business and Economic Research.

Nonfarm employment in Tennessee is expected to rise 1.7 percent this year, compared to 1.5 percent growth for the nation, the report says.

Tennessee’s unemployment rate is expected to average 7.8 percent for 2012 and drop to 7. 4 percent next year. The national unemployment rate is expected to average 8.1 percent this year and fall to 7.8 percent in 2013, according CBER’s spring 2012 Tennessee Business and Economic Outlook.

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UT’s Fox makes All-Decade Team

In the arcane world of tax analysis, Bill Fox, director and professor of economics with the University of Tennessee’s Center for Business and Economic Research, is a big time player.

State Tax Notes Magazine recently named Fox to its All Decade Team.

Fox was typically humble and didn’t have much to say about the honor when we spoke recently. But the magazine left no doubt that UT has a valuable resource.