Caroline Chen at Bloomberg has gathered some thoughts and perspective on the fact that U.S. hospitals have shed more than 9,000 jobs in the past two months. The two big trends of health care reform's implementation and outpatient care's growth are shaping that move, experts say, and will force hospital operators to make more "difficult business decisions" in the years ahead.
“It’s a much more complex answer than just cutting people,” he said. “It’s about carefully looking around your business model and asking how you can deliver higher quality care faster and cheaper. You’re not going to build that new hospital wing yet.”
The Nashville MSA continued to crank out a solid number of new jobs in November and has now averaged 3.5 percent growth over the past 10 months. But look more closely at the breakdown below — courtesy of the BLS and the BERC at MTSU — and you'll see that the strongest sources of that growth have changed during that time. In the spring, it was manufacturing and transportation pulling the train along with business services. Now it's leisure and hospitality coming on stronger along with the services sector while manufacturing has come back to the pack and both transportation and trade have given up a lot of ground.
United Auto Workers members in Spring Hill last week voted to approve with General Motors a new contract that will bring another 384 jobs here. The new positions cover a variety of work and are on top of the 1,800 people GM said this summer it planned to hire locally. The agreement — see the highlights here — also sets the stage for Spring Hill to receive two new "core products" — and presumably, some more jobs — in the near future. Local 1853 Shop Chairman Mike Herron tells Chambers Williams there's no way to tell when that will be and that it will happen "when the company decides the timing is right."
Davidson County saw its unemployment rate at 6.7 percent in October, unchanged from the September rate.
According to statistics from the Tennessee Department of Labor and Workforce Development, Knox County (Knoxville) also saw 6.7 percent joblessness in October.
Rounding out the state’s four major metropolitan areas, Hamilton County (Chattanooga) had a rate of 8 percent, unchanged from the September number, while Shelby County (Memphis) was 10.1 percent, up from 9.9 percent.
Tennessee’s unemployment rate for October was 8.4 percent, unchanged from the September figure. The national unemployment rate for October 2013 was 7.3 percent, up one tenth of one percentage point from September.
The labor department numbers show the jobless rates increased in 64 counties, decreased in 18 counties and remained the same in 13 counties.
The state unemployment rate is seasonally adjusted while the county unemployment rates are not. Seasonal adjustment is a statistical technique that eliminates from economic time series the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events.
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