Tag Archives: Job creation

CEOs predict increased hiring and sales

0407_kclo_ipad_flag

America’s CEOs are slightly more optimistic about the economy over the next six moths, according to a Business Roundtable survey released today.
The chief executives of leading companies expect increased sales and capital expenditures as well as more job creation compared to the third quarter.
The Business Roundtable CEO Economic Outlook Index increased to 84.5 from 79.1,  with expectations for 2014 GDP growth at 2.2 percent, in line with the previous two quarters.
“CEO expectations for economic expansion in the next six months increased slightly from last quarter, with expectations for sales, capital investment and hiring all tracking somewhat higher,” Jim McNerney, chairman of Business Roundtable, and chairman, president and CEO of The Boeing Co. said in a news release.
“In aggregate, our expectations are consistent with an economy that will continue along the path of steady, modest recovery into the first half of 2014.  These soundings are also consistent with an overall economy that, despite progress, is not yet performing at its full potential.”
Seventy-three percent of the executives surveyed said they expect their company’s sales to increase in the next six months, while only 8 percent foresee a sales decrease.
Thirty-nine percent said they will increase capital spending and 34 percent plan to increase hiring.
Click here for complete results of the Roundtable survey.

Survey: Knoxville hiring will be ‘brisk’ in 3Q

Job Openings
Metropolitan Knoxville employers plan to add new jobs at a “brisk pace” in the third-quarter, according to the latest Manpower Employment Outlook Survey.

Twenty-three percent of local employers surveyed said they plan to add new jobs during the July through September period, compared to 6 percent who plan to cut staff for a net gain of 17 percent of employers who plan to add workers.

Seventy-one percent expect to maintain current employment levels, Manpower reported.

Continue reading

Report: Economy ready for strong growth in 2014

Despite cuts in government spending and payroll tax increases, the state and national economies are poised for solid growth in 2014 and 2015, a University of Tennessee report says.

Driving the growth are improved job creation, surging vehicle sales and a recovering housing market, according to the spring 2013 Tennessee Business and Economic Outlook.

“The economy has finally found a firm footing,” Matt Murray, associate director of the UT Center for Business and Economic Research and the report’s author, said in a news release “This will be the third year of payroll employment growth and a falling unemployment rate following the Great Recession.”

Nationally, payrolls are expected to grow 1.5 percent this year and 1.6 percent in 2014, the report said.

Continue reading

Forbes: Tennessee 24th best state for biz

The cost of doing business in Tennessee is 10.5 percent below the national average, but the Volunteer State is only the 24th best state for business, according to a new Forbes magazine ranking.

That’s down three spots from a year ago.

Among the criteria Forbes used to compile its 2012 Best States for Business list, Tennessee fares best in Regulatory Environment – 13th – and Business Costs – 14th.

But the state is no better than 30th in all other criteria Forbes considered in ranking the states.

Continue reading

Knoxville moves higher on Brookings report

Knoxville’s economy improved over the summer, rising two spots to 12th in the Brookings Institution’s latest “recovery performance” rankings.

The think tank’s MetroMonitor report ranks the nation’s 100 largest metropolitan economies each quarter based on job creation, unemployment rate, metro economic output and housing prices.

For the 2012 second quarter Knoxville ranks 12th overall, 18th for employment, and 14th for output and house prices.

Knoxville ranked 14th overall in the first quarter.

Continue reading

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.

Continue reading

Knoxville job market best in the nation

Job creation is looking up in Knoxville – way up. A new survey by Manpower Group says that Knoxville will have the strongest job market in the country in the second quarter.

Twenty-five percent of Knoxville employers surveyed said they will be adding jobs in the second quarter, up from 17 percent in the first quarter this year and 18 percent in the second quarter 2011.

Only 1 percent of the metro Knoxville business surveyed said they will be cutting jobs this spring.

“Among survey participants, the Knoxville, TN MSA employment outlook is the best in the nation,” Manpower said in a news release.

Continue reading

More signs of strengthening economy, job creation


12e5b09406d0ab04060f6a7067000aca.jpg
New reports showing retail sales growth, increased industrial production and continued investment in business inventories are clear signs of an improving economy.

And this suggests we could see accelerated job creation in the coming months, says John Challenger, CEO of the outplacement firm Challenger, Gray & Christmas Inc.

Continue reading

Warren Buffett: Save America, raise taxes on the rich

In a New York Times op-ed piece, the chairman and CEO of Berkshire Hathaway offers Economy+Leaders.jpgCongress sage advice for solving the fiscal crisis facing the federal government.

In a nutshell, Buffett advises Congress to leave tax rates unchanged for 99.7 percent of Americans, but immediately raise tax rates on the mega-rich.

We hear a lot from the extremists from the political right that raising taxes on the rich would be a job killer,  Buffett exposes that ridiculousness for what it is.

Continue reading

Controversial Tenn. projects on Site Selection top deals of 2010

A pair of controversial Tennessee economic development projects are included in Site Selection magazine’s rankings of the most significant deals of 2010.

Site Selection released the rankings today.

An Electrolux plant in Memphis that would make ranges, wall ovens and cooktops is ($190 million and 1,200 jobs) is on the list of the Top Ten projects in North America last year. Earning Honorable Mention is Amazon.com’s plans for two distribution centers in the southeast corner of the state ($164 million, 1,400 jobs).

Despite the potential job creation, both projects have attracted criticism in recent weeks.

Continue reading