Hopes for accelerated growth this year in the state and national economies “have been dashed,” due to the sluggish creation of jobs, according to a report by the Center for Business and Economic Research. But it’s not all bad news. The unemployment rate is steadily decreasing, jobs have been growing, the housing market continues to address its long-standing pressures, and the financial health of states has improved—all key indicators of economic recovery.
Center for Business and Economic Research News
William Fox, director of the Center for Business and Economic Research, co-authored a study on behalf of the Motion Picture Association of America about the economic benefits of film production tax incentives for states and analyzed the most effective framework for evaluating the economic success of film incentive programs. WKRN-TV Nashville highlighted the work in this
In this Wall Street Journal article, William F. Fox, director of the Center for Business and Economic Research, talks about the importance of a city offering incentives as a necessary tool for its economic development.
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.
This Wall Street Journal blog post quotes UT economics professor Bill Fox about the effects of state and local government budget cuts on the national economy.
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.
UT Knoxville’s Center for Sustainable Business and Tourism and Center for Business and Economic Research will host two events that showcase sustainable business, environment, and communities. On Tuesday, March 29, commissioners from state government will participate in a panel discussion on sustainable transportation and tourism and attracting green businesses to Tennessee. On Thursday, March 31, a panel featuring regional industry leaders will focus on structuring and operating sustainable businesses.
Tennessee’s population is trending with the nation by shifting from rural areas toward urban areas. Twenty-five counties in Tennessee exceeded the state’s 11.5 percent growth rate from 2000 to 2010, while 70 counties grew at a slower pace according to 2010 census data released today. The Tennessee State Data Center, which is housed in the University of Tennessee, Knoxville’s Center for Business and Economic Research, will continue to analyze the results of the 2010 census over the coming weeks and months.
It will take years for the U.S. and Tennessee economies to recover, and they may never look quite the same as they did before the recession. Still, they are recovering. This is the forecast in the 2011 Economic Report to the Governor, an annual report prepared by the Center for Business and Economic Research at the University of Tennessee, Knoxville.