The Tennessean reported today that the job loss in Tennessee has slowed in comparison to the rest of the country.
1,700 fewer people applied for unemployment benefits for the week of February 7th, according to the Department of Labor. According to the Director of Business & Economic Research Center at Middle Tennessee State University, “If you’re looking for good news, this is good news.”
The Nashville area and Tennessee are fairing better than most states, as U.S. jobless claims are the highest they have been since the early 1980s. Many are waiting to assess what the $787 billion economic stimulus package will do for the local Nashville, Brentwood, and Franklin areas. As the housing market continues to deteriorate and low business confidence looms, experts are predicting that it will be late in the year before the stimulus package takes effect.
Due to the comparable resiliency of Tennessee, it is expected that many will be moving to the state in the future. Moving to Middle TN or Nashville? Contact All My Sons to help you with your move!
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