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Kingsport - Johnson City - Bristol The Tri-Cities area
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Old 08-11-2013, 04:24 AM
Location: Kingsport
189 posts, read 238,456 times
Reputation: 165


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
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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.
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