Falling unemployment rates, an increase in vehicle sales, and a long-awaited rebound in the residential housing market are all indications that the national and state economies are making a comeback. Despite sequestration of federal spending and a payroll tax increase that have slowed consumer spending, the economy is poised for strong growth in both 2014 and 2015, according to the spring 2013 Tennessee Business and Economic Outlook released today by UT’s Center for Business and Economic Research.
The US and Tennessee economies continue to dig their way out from the Great Recession, but they will be digging at a slower pace this year than last. The debate over the nation’s debt ceiling, the looming risk of sequestration of federal spending, and the payroll tax increase contribute to the slowdown in predicted gains, according to the forecast in the 2013 Economic Report to the Governor of the State of Tennessee, released today.
Going to college—and completing a bachelor’s degree in four years—pays off in dollars and cents. A study done by UT’s Center for Business and Economic Research, in cooperation with the Tennessee Higher Education Commission, has found that college students who earned their bachelor’s degrees within four years make higher salaries than those who took longer to complete their degrees.
Slowly and somewhat unsteadily, Tennessee and the U.S. are recovering from the Great Recession. That’s the cautiously optimistic prediction in the 2012 Economic Report to the Governor, released today by the Center for Business and Economic Research at UT Knoxville.
The number of uninsured children in Tennessee has declined compared to last year, while the number of adults without insurance has remained the same, according to a study released today by UT Knoxville’s Center for Business and Economic Research. Increased enrollment in TennCare, the state’s medical assistance program for those with low income, and CoverKids, a program for children eighteen and younger, are possible reasons for this decrease, according to the study.
Tennesseans are in for the long haul and likely won’t see significant improvements in the state’s economy until 2013. Many aspects of the economy, however, are showing some gains in the short-term, which is good news particularly in the areas of employment, personal income, sales tax, and state tax revenue, according to a UT Knoxville report released today.
While many aspects of the Tennessee and national economy are on the upward trajectory, others are lagging—creating a perfect recipe for modest growth. The forecast in the spring 2011 Tennessee Business and Economic Outlook, a report prepared by the Center for Business and Economic Research at UT Knoxville, shows that most aspects of the state and national economies are rebounding but will not reach pre-recession levels until 2013 or 2014.
The worst is over, but better times are still a few years away. That’s the mixed economic forecast as described in “The Tennessee Business and Economic Outlook: Fall 2010,” a report just issued by the Center for Business and Economic Research at the University of Tennessee, Knoxville.
The worst is over for the Tennessee economy, but it will be a long road to full recovery as virtually every measure of economic activity — from real estate to job creation to consumer spending — now remains at a very depressed level. This forecast was released today in the spring update to the 2010 Economic Report to the Governor, an annual report prepared by UT Knoxville’s Center for Business and Economic Research.
UT Knoxville brings in at least $950.2 million annually in income to the state of Tennessee, and supports 23,055 jobs both inside and outside the university, according to a study released yesterday. This finding was part of a study done by UT Knoxville’s Center for Business and Economic Research.