Tag Archives: CommerceDepartment

Jobless recovery continues

Here’s why job growth has yet to catch up and why it will be awhile before it does.

The Commerce Department reported that the U.S. economy in the 4th quarter last year grew 5.6 percent, less than previously estimated.

While any growth is good news after the worst recession in decades, projections of 3 percent growth in the first quarter of 2010 are disturbing. That’s not near fast enough to put much of a dent in the unemployment rate.

 Knoxville’s often lags the national trends so it looks like we’re in for a sluggish year.