Middle Tennessee's workforce grew by 0.5 percent in November from a year ago, according to federal numbers curated by the Business and Economic Research Center at MTSU. Last month featured the seventh straight drop of at least 2 percent in government employment and the fourth straight in which financial-company employment was off at least 2 percent from a year ago. On the plus side, both manufacturing and professional services job growth stayed solid, and retailers were employing almost 5 percent more people than in late 2011. We'll have to see if that last stat has legs or was primarily the result of hiring pulled forward from December.
Inc. magazine has rolled out its first ever Hire Power Awards lauding private companies adding oodles of jobs around the country. One Nashville-area company has made the top 100 and it's Brentwood-based specialty hospital operator Centerre Healthcare, which grew its payroll by 500 people from 2008 on its way to posting $56 million in revenues in 2011. Six of the 10 Tennessee laureates, including a well-known HVAC player and a popular local pub concept, are based in Middle Tennessee.
Fewer than one in four teenagers in Tennessee held a job in the past year, according to a report issued Monday. Young 20-somethings had better luck and saw employment rates in line with the national average, but state officials say the issue of getting our young people to work has become more pressing since the Great Recession. Andrea Zelinski has more.
We can only hope that September was the bottom.
Nashville-area employers grew their payrolls by 0.5 percent year over year in October. While that's nothing to brag about, it still was the highest level in three months. September's total nonfarm employment, which had been slightly negative when first reported, was revised up to 0 percent. Retailers and business services firms accounted for the biggest October bouncebacks, while only the education/health, leisure and government sectors posted worse numbers than in September.
So if you thought the automotive assembly was Tennessee's biggest manufacturing employer — I did — you would have been wrong until now. Manufacturers' News says its latest guide to all things factory in the Volunteer State shows that overall manufacturing employment rose about 1 percent in the year ended in September. But auto companies now employ almost 11 percent more people than they did a year ago and passed industrial machinery to be the biggest sector by employment.
Vanderbilt has initiated a new task force — to be called the Veteran Employment Transition and Support committee — in an effort to recruit and hire retired military and military spouses.
VU’s Department of Human Resources and Equal Opportunity, Affirmative Action and Disability Services is overseeing the effort.
Joan Brasher and myvu.com have the story here.
Blake Farmer has touched base with the Tennessee Department of Labor about the upcoming expiration of extended unemployment benefits for 39,000 people across the state. Starting with the new year, they will very likely no longer get the extra cash from the federal government. Nashville's unemployed, which totaled more than 53,000 in September, account for about 22 percent of the state's jobless. Based on that ratio, about 8,800 people in Middle Tennessee will be affected by the end of extended benefits.
Nashville's job market is back in the red.
Numbers from the Bureau of Labor Statistics had Middle Tennessee employers finish the month with 759,200 people on their payrolls, a drop of 800 from August. It also was the first time since the spring of 2010 that total nonfarm employment fell below its prior-year level. Want more bad news? August's growth, previously estimated to be 0.4 percent, was downgraded to 0.1 percent, continuing a serious summer slowdown.
Eight of the major sectors tracked by the government and tabulated by the Business and Economic Research Center at MTSU showed year-over-year drops, "led" by wholesale trade, construction, government and finance. Even retail, which had held its own since the spring, slipped into the red. So the big question is whether the uncertainty from the election and the fiscal cliff is solely to blame. Hiring managers out there, what's your take?