U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Tennessee > Kingsport - Johnson City - Bristol
 [Register]
Kingsport - Johnson City - Bristol The Tri-Cities area
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-11-2013, 04:24 AM
 
Location: Kingsport
189 posts, read 238,456 times
Reputation: 165

Advertisements

ETSU Economist Dr. Steb Hipple’s second quarter labor market analysis has affirmed what monthly jobs reports have been showing. Labor market performance clearly shows that the national economy and the regional economy march to the beat of different drummers. In the region, employment has been falling for the past year, yet unemployment continued to decline as well. Also, MSHA said it would cut 200 jobs through attrition due to the failure of state and federal officials to reach an agreement on Medicaid expansion which could deal a blow to the health care industry.

Local jobs economy marching to its own drummer; employers continue cutting jobs
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-11-2013, 02:01 PM
 
Location: Tennessee
31,225 posts, read 25,050,917 times
Reputation: 40031
It's disappointing but not surprising. Employers won't locate here even though cost of doing business is very low, so cutting taxes further is unlikely to help. Wages are already rock bottom. We have too many colleges turning out too many graduates when almost all degrees (outside of health care) yield no return here. The businesses we do lure are almost always low value work (restaurants, retail, and call centers).

Local leaders need to figure out how to leverage the area's assets (low cost of labor and taxes) to attract employers that provide higher wage, higher value work and work with these employers to "skill up" the area enough to make it attractive. Until this happens, the area will either keep slowly declining or at best remain stuck in neutral.
Rate this post positively Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Tennessee > Kingsport - Johnson City - Bristol
Similar Threads

All times are GMT -6. The time now is 02:37 PM.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top