Tennessee’s preliminary unemployment rate for October was 5.6 percent, down from the September revised rate of 5.7, Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips announced today.
October 2014 to October 2015, Tennessee's unemployment rate dropped to 5.6 percent from 6.6 percent, according to a release.
The national preliminary unemployment rate for October was 5 percent, down from the 5.1 percent September mark. The U.S. rate was 5.7 percent in October 2014.
The number of unemployed Tennessean is the lowest since the mark of December 2007.
There was an increase of 10,400 non-farm jobs in the state from September to October, with the largest increases occurring in professional/business services, government, and wholesale trade jobs.
Year over year, non-farm employment in the state saw the addition of 50,200 jobs. The largest increases occurred in trade/transportation/utilities, leisure/hospitality, and professional/business services jobs.
Employment services company Thomas & Thorngren has rebranded as Thomas & Company.
The Nashville-based company, which provides unemployment cost control, employment verification and tax credit services, did not disclose in a release the cost to undergo the name change.
During the last 10 years, Thomas & Company has experienced an average year-over-year growth rate of 12 percent, according to the release.
“We are growing tremendously — and simplifying our name will allow us to build on our success within a broader market,” said Steve Thomas, company president. “Our vision is to make Thomas & Company the leading national brand for unemployment insurance cost control and related services. We will do this by emphasizing what has made this company great since the start: trust, deep expertise, innovation, a focus on people, and responsive and proactive service.”
Located in MetroCenter, Thomas & Company bills itself as the largest privately held company within its industry.
Traffic, education and public transportation are the top three issues facing Nashville, according to a new survey.
Entrepreneurs’ Organization of Nashville conducted the survey of its 155 members to identify the key issues entrepreneurs face in Music City and how Nashville can improve its entrepreneurial climate. The entity presented the findings Tuesday, with EO Nashville President Charles May and Mayor Megan Barry offering insights.
“Mayor Barry said her first day in office that she wanted new ideas to improve the city,” May said. “EO Nashville responded quickly to this call by asking our members for their perceptions of Nashville and, most importantly, for potential solutions to its pain points. We are a diverse group in diverse industries and we are presenting a diverse set of ideas.”
Flex-shifts at Nashville work places, a tech czar and an entrepreneurship school at a Metro high school are among the ideas in the survey results.
According to the survey, the top three advantages to doing business in Nashville are a vibrant economy, entrepreneurial spirit and cost of living.
The top constraints limiting the city’s entrepreneurs, the survey notes, are traffic, finding quality employees and real estate costs.
Read the survey results here.
The Nashville-area August foreclosure rate on homeowners was 0.37 percent, a slight decrease compared with the August 2014 rate of 0.52 percent.
According to data from California-based CoreLogic, the August national homeowners foreclosure rate was 1.25 percent by comparison.
In addition, CoreLogic reports that Nashville-Davidson-Murfreesboro-Franklin enjoyed a mortgage delinquency rate decrease. For August, 2.27 percent of mortgage loans were 90 days or more delinquent compared with 3.04 percent for the same period last year.
Online consumer services marketplace Zaarly has launched in Nashville, according to a release.
Since it began operations in 2011, the Kansas City, Missouri-based company has evolved from a peer-to-peer marketplace to a virtual storefront for small service providers offering homeowners house cleaning, lawn care and handyman services. Life sciences and high-tech startup entrepreneur Bo Fishback founded the company.
The marketplace is free for homeowners, who review provider profiles that contain bios, photos, service descriptions and cost estimates. Homeowners request appointments directly through the site. Once a job is complete, they make their payment online. Zaarly places each payment in escrow for 24 hours to allow the customer to confirm satisfaction. Only homeowners with verified transactions are able to leave reviews.
In addition to Nashville and K.C., Zaarly is active in Austin, Denver, Minneapolis and San Francisco.
It seems visitors from afar continue to enjoy Music City.
Nashville ranks No. 1 on TripAdvisor’s just-released Top 10 U.S. Cities with the Greatest Increase in Share of Traffic from International Traveler list. Specifically, Nashville saw a 38 percent increase in such visitors during the 12-month evaluation period.
Portland, Main ranks second with a 34 percent increase for the period.
See the full ranking here.
The Metro Transit Authority has released a report regarding light rail transit. Among the info: A Nashville-Gallatin LRT line might be feasible (see Page 12). For those who confuse the terms "light rail" and "modern streetcar," Page 2 offers a nice assessement.
Check the report here.