Tennessee's Unemployment Rate For May Increases Slightly

Thursday, June 19, 2014

Tennessee Labor & Workforce Development Commissioner Burns Phillips announced on Thursday the Tennessee preliminary unemployment rate for May is 6.4%, a tenth of one percentage point higher than the 6.3% April revised rate. The U.S. preliminary rate for May is 6.3%, same as the U.S. April revised rate.

Economic Summary:

  • Over the past year, Tennessee's unemployment rate decreased from 8.
    4% to 6.4% while the national rate decreased from 7.5% to 6.3%.
  • Total nonfarm employment increased 6,700 jobs from April to May. The largest increases occurred in leisure/hospitality, retail trade, and local government.
  • Over the year, nonfarm employment increased 56,900 jobs. The largest increases occurred in professional/business services, leisure/hospitality, and trade/transportation/utilities.

Professional Privilege Tax Is Due June 1

The Department of Revenue reminds professionals subject to the professional privilege tax that the tax must be filed and paid by June 1. The $400 professional privilege tax is an annual tax imposed on certain professionals who hold an active Tennessee license or registration on the  June 1  due date, regardless of whether the person practices his or her profession ... (click for more)

Appalachian Community Bank Vice President Sentenced To Federal Prison For Bank Fraud

William R. Beamon, Jr., a/k/a “Rusty” Beamon has been sentenced to three years, six months in federal prison for defrauding Appalachian Community Bank, in Ellijay, Georgia. Beamon was convicted by a jury of five counts of bank fraud on Dec. 19, 2014, after a five-day trial. “Bank fraud is a critical problem that has hit Georgia especially hard,” said Acting United States Attorney ... (click for more)

Ganns/Falling Water School Way Over Budget

The final figure for the new Ganns/Falling Water School is way over budget, county officials said Wednesday. However, the County Commission voted to proceed on the $29,414,000 project. Gary Waters of the county schools said his estimate had been $25 million and he was surprised at the amount of the school bid that was awarded to Rentenbach Constructors. He said in lean times ... (click for more)

Hutcherson Says Erlanger Board To Be More Transparent; Dinner Meetings To Be Open

Erlanger Board Finance Chairman Donnie Hutcherson said the board plans to be more transparent. He said Erlanger's legal staff will review topics that might be covered in a closed meeting. He stated, "This will be based on a very conservative interpretation of applicable statutes and other guidance; therefore, more items will be discussed in open session." Mr. Hutcherson also ... (click for more)

The Swat Heard 'Round The World

If one can reach Toya Graham, the lady who whipped her boy and brought  him home from a life of crime in Baltimore, I want to give her a  nomination for my Bill of Rights Award.  This was a beautiful move and one which I call The Swat Heard 'Round the World.  Mind you, if it had been a white lady whipping her child to save her child from crime, she would ... (click for more)

Roy Exum: Anti-Semitism Is Now Here

To those of the Jewish faith, the celebration of Passover every year is one of freedom. The sacred holidays, held in early April, commemorate the Exodus out of Egypt when Moses led the tribe of Israel from slavery to freedom. I believe it is one of the greatest stories in the Bible. On the other hand, the Jewish people of today are hardly free. Globally, anti-Semitic attacks in ... (click for more)