The latest round of statistics from Smith Travel Research shows Nashville's hotels saw their average daily rate fall 8 percent in the week from Sept. 13-19. That was the fourth-best number in the country and in line with numbers from earlier this year.
Sep 28, 2009 9:04 AM
MTSU's David Penn says it will take the Middle Tennessee job market until 2014 to recreate all the jobs that have been lost during this recession. On the flip side, that creation should begin by the end of the year, Penn told Thursday's Economic Outlook Conference.
Sep 25, 2009 12:22 AM
Existing-home sales for August came in almost 5 percent short of analysts' expectations. Prices nationally are down about 12 percent from a year ago, but the real test for the housing market will come soon enough.
“The improvement in the housing market is not going to be a smooth rise, but a choppy, upward trend,” said Zach Pandl, an economist at Nomura Securities International Inc. in New York, who projected sales would fall. “The real test will be if the market can weather the end of government stimulus.”SEE ALSO: Just a blip? Why housing keeps bouncing around
Sep 24, 2009 11:53 AM
Low interest rates and tax credits are bringing more home buyers to the table. The weekly increase makes for a nice headline, but a longer-term chart shows we appear to be moving past the huge amount of noise from the past 18 months and back to the level of activity we saw for much of 2007 — provided, of course, that things level off here.
Sep 23, 2009 11:13 AM
Commercial real estate valuations are on their way into the tank: A report by Moody's puts the drop at 5 percent in July alone and says the past year's plummet puts us back at late '03 levels. But, says Diana Olick, there are numerous big-pocketed buyers preparing to be the white knights.
Sep 22, 2009 8:22 AM
David Rosenberg of Gluskin Sheff runs down the reasons the stock market is a trap door waiting to open.
Sep 21, 2009 2:44 PM
Jim Hamilton at Econbrowser does a nice job sifting through recent economic statistics, acknowledging the improvements coming from several areas, but still not walking away with a smile.
I see this as more than the conventional hand-wringing about a "jobless recovery." That phrase might suggest that we're just talking about a replay of the anemic recovery that followed the 2001 recession. In the first 6 months of 2002, nonfarm payrolls fell by 350,000, or 58,000 per month. In July and August of 2009, payrolls fell by 492,000. If the recession really ended in June, as some claim, this is a much more serious problem than we saw in 2002-2003.
Sep 21, 2009 1:01 PM
Tennessee's unemployment rate rose 0.1 percentage point in August to 10.8 percent, meaning more than 325,000 Tennesseans are now without work. That's up 120,000 people from a year ago — a number that does not include the 35,000 people by which the state's work force has shrunk over the past year.
Sep 17, 2009 2:07 PM
Buoyed by another batch of improving economic data from the inflation and factory fronts, stocks are extending their September rally. Among the sectors leading the way are regional banks, with local players like Regions, Pinnacle and First Horizon picking up 6 percent or more.
Sep 16, 2009 11:44 AM
Based on the unexpectedly strong sales figures released yesterday, the few remaining optimists among us could make that case. But Ben Bernanke says we shouldn't get excited by any stretch of the imagination. There will be no consumer-led recovery this time, no steep upslope to match the free fall of the past year. "It's still going to feel like a very weak economy for some time, as many people will still find that their job security and employment status is not what they wish it was." SEE ALSO: A Journal story with upbeat and skeptical economists chipping in with their thoughts
Sep 16, 2009 6:44 AM
- BRASWELL, ROBERT
- GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR
- GARRETT, TIMOTHY M EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR
- GARRETT, JOHNNY C IV EXECUTOR; GARRETT, JOHNNY C EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR