The Tennessee Department of Labor & Workforce Development released its monthly labor report yesterday.
For the first time since the Great Recession of 2008, there is positive movement across the board in all geographies (city, county, MSA, state, national); however, the numbers are still lower than pre-recessionary levels.
Kingsport gets a “green light” across the board: population is up, labor force is up, # employed is up, and # unemployed is down.
The lowest unemployment rates in Tennessee range from 4.8%-5.7%.
The highest unemployment rates in Tennessee range from 10.6%-15.6%
City of Kingsport highlights (year-to-year):
o Unemployment rate is 6.7%, down 2.1% from same month in 2010. It is driven by a 3.9% increase in labor force coupled with a 6.2% increase in employment.
o When accounting for those just outside the city limits in Sullivan County, it drops to 6.5%.
o By comparison, the region's highest urbanized unemployment is Greene County at 10%
View the full report "Economic Indicators" at http://development.kingsporttn.gov/files/development/dashboard__1_5_10__City_of_Kingsport_December_2013.pdf