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VOL. 126 | NO. 20 | Monday, January 31, 2011

Tenn. Job Growth Expected, but Not Robust Increase

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CHATTANOOGA (AP) – An economic forecast from the University of Tennessee says the state won't recover all of the jobs it lost during the recession for another three years.

The annual report to the governor by the UT Center for Business and Economic Research says job growth is expected to gain vigor in 2011, but non–farm employment won't fully recover until 2014.

The Chattanooga Times Free Press reports the center's prediction is for 36,000 new jobs during this year, for a 1.3 percent gain.

The jobless rate at the end of the year is still expected to remain above 9 percent. That's more than double the rate of a decade ago.

Information from: Chattanooga Times Free Press, http://www.timesfreepress.com

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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