Tennessee's Unemployment Rate Decreases In 87 Counties In February

Thursday, March 28, 2013

County unemployment rates for February, released Thursday, show the rate decreased in 87 counties, increased in five, and stayed the same in three. Specific county information is available on the internet here.

Davidson County had the state’s lowest major metropolitan rate of 6.3 percent, down from 6.5 percent in January. Knox County’s February rate of 6.4 percent was down from 6.5 percent in the prior month. Hamilton County was 7.7 percent, down from 8.0 percent, and Shelby County was 9.3 percent, down from 9.7 percent in January.

Tennessee’s unemployment rate for February was 7.8 percent, which increased one tenth of one percentage point from the January revised rate of 7.7 percent. The national unemployment rate for February 2013 was 7.7 percent, decreasing by two tenths of one percent from the previous month.

The state unemployment rate is seasonally adjusted while the county unemployment rates are not. Seasonal adjustment is a statistical technique that eliminates the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events from economic time series.


Supreme Court Determines Inmates Are Not Required To Sue Private Prison Operators In County Where Correctional Facility Located

In a unanimous opinion, the Tennessee Supreme Court has determined that a statute requiring lawsuits by inmates to be brought in the county where they were incarcerated does not apply to inmates housed in a privately operated correctional facility. Sandy Eugene Womack is serving sentences for armed robbery and robbery at the Hardeman County Correctional Facility in Whiteville, ... (click for more)

Smith, Watson and Wojton Join SwiftWing Ventures

SwiftWing Ventures announced that Scotty Smith, Courtney Watson and Kevin Wojton have joined the company to continue building SwiftWing’s startup platform.   As Director of Business Development, Mr. Smith helps companies develop and execute their most cost-effective and scalable go-to-market strategy. Having led this process for Quickcue, which sold to OpenTable for $11.5MM ... (click for more)

Erlanger Finishes Fiscal Year With $18 Million Profit

After a major loss the year before, Erlanger Health System finished the fiscal year with an $18 million profit, officials announced Monday night. It was well ahead of the $2 million gain that Erlanger had budgeted for, and far better than last year's $8 million loss. The profit was boosted by a first-time $19,587,000 from a Public Hospital Supplemental payment and essential ... (click for more)

Chancellor Rules That IDB Must Reimburse Attorney Fees, Other Legal Costs For Helen Burns Sharp On TIF Lawsuit

Chancellor Pam Fleenor has ruled that Helen Burns Sharp, who sued over the validity of a $9 million Tax Increment Financing (TIF) for a planned major development on Aetna Mountain, should be reimbursed her discretionary costs as well as her attorney fees. Ms. Sharp said in a recent court filing that her legal bills to attorney John Konvalinka were $74,427 at the time. The ... (click for more)

ChattaData Is A Real Advance For The City

This past Tuesday, the city of Chattanooga's new performance management tool called ChattaData was unveiled. As the chairman of the City Council’s Budget & Finance Committee, I am excited to witness the city putting this important information online in a way that is accessible and transparent to all taxpayers. This approach shines light on how we as a city prioritize our ... (click for more)

Roy Exum: It’s ‘Hate The SEC’ Day

The boo birds came out on the fly on the ESPN website Sunday afternoon, this moments after the latest AP College Football “Top 25” included eight teams from the Southeastern Conference.   What set naysayers aglow was Mississippi State, after upsetting LSU 34-29 Saturday night, debuted on the list at No. 14 while Clemson, playing Florida State in an overtime thriller, got tossed ... (click for more)