Oak Ridge Today

UT report: State economy looking more robust as year end approaches

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Matt Murray

Matt Murray

KNOXVILLE—More jobs. An unemployment rate that’s trending down. Increasing personal income.

Thanks to these gains, there is a positive ring to this fall’s Tennessee Business and Economic Outlook report prepared by the Center for Business and Economic Research at the University of Tennessee in Knoxville.

“Tennessee’s economic outlook is very similar to the national outlook, with moderate to strong growth expected for the second half of the year and a continuation of growth through 2015,” said Matt Murray, associate director of CBER, who directed the report.

Job growth [Read more…]

UT report: Economy shows signs of strength, finds ‘firm footing’

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KNOXVILLE—Falling unemployment rates, an increase in vehicle sales, and a long-awaited rebound in the residential housing market are all indications that the national and state economies are making a comeback.

Despite sequestration of federal spending and a payroll tax increase that have slowed consumer spending, the economy is poised for strong growth in both 2014 and 2015, according to the spring 2013 Tennessee Business and Economic Outlook released Wednesday.

The study, prepared by the Center for Business and Economic Research, or CBER, at the University of Tennessee in Knoxville, predicts the trajectory of the state and national economies by examining many economic and fiscal factors and trends. [Read more…]