Tagged: Economy

NASHVILLE, Tenn. (AP) — Tennessee's tax collections have shown marginal growth in the second month of the budget year.

Finance Commissioner Mark Emkes said in a release Tuesday that September revenues "continue to reflect the sluggish national economy."

The state's overall revenues were $1.1 billion, or 5.4 percent above the budgeted estimate. The September collections reflect economic activity in the previous month.

NASHVILLE, Tenn. (AP) — With federal stimulus funds drying up, the availability of summer jobs in Middle Tennessee will be limited.

That means there will be more competition for jobs that usually go to teens and young adults with little or no real working experience.

CHATTANOOGA, Tenn. (AP/WMOT) — The company that owns and operates Food Lion grocery stores is closing 25 groceries in Tennessee idling about 1,100 workers. The company is also reducing operations at a distribution center in Clinton near Knoxville.

Food Lion spokeswoman Christy Phillips-Brown says a severance package is being offered to eligible employees affected by the parent company's decision to close underperforming stores.

MURFREESBORO, Tenn. --  Federal officials revised the Gross Domestic Product (GDP) reading downward today for the third quarter. Growth wasn’t as strong as originally thought.

The official GDP for the third quarter is now 2 percent, down by a half-percent from the earlier estimate.

The Middle Tennessee State Business and Economic Research Center has just released its analysis of Tennessee’s third-quarter economic activity.

(AP) Home prices rose in August in half of major cities surveyed; a sign that prices are stabilizing in some hard-hit portions of the country.

The Case-Shiller index shows prices increased in August in 10 of the 20 cities tracked. That marks the fifth straight month that at least half of the cities in the survey showed gains.

The biggest price increases were in Washington, Chicago and Detroit.