CRER director Howard Wall is quoted in the Chattanooga Times Free Press in a story about the Chattanooga unemployment rate for April 2024. The unemployment rate hit an all-time low of 2.5 percent, but that number is not seasonally adjusted. The seasonal adjustment should result in a rate of 3 percent, which would tie April…
5/16/2024: The Demographics of Chattanooga Employment Growth
The Chattanooga metro economy has experienced higher-than-average employment growth for the past decade. This paper examines how this manufacturing-led boom has meant higher employment to population ratios for every major demographic category, despite the major disruption of the COVID pandemic. It finds that the benefits of Chattanooga’s boom have been felt by every age group,…
4/18/2024: Local Home Costs Rise But Are Below National Average
Article in the Chattanooga Times Free Press featuring CRER Research Scholar Bento Lobo: “Higher prices and mortgage rates have made buying a home less affordable for many Chattanoogans, and unfortunately, many markets have not built enough houses to keep up with demand in recent years,” said Bento Lobo, a professor of finance and head of…
4/27/2024: Chattanooga Jobless Rate Edges Up in March
From the Chattanooga Times Free Press: “Unemployment remains very low, and I would say that the March number reflects that things haven’t really changed in recent months and look pretty good,” Howard Wall, the new director of the new Center for Regional Economic Research at the University of Tennessee at Chattanooga, said in a statement.…
4/24/2024: Chattanooga Employment Revised Upward
In March, the Bureau of Labor Statistics (BLS) released revised estimates of state and metro area nonfarm employment. As a result, more than 4 thousand jobs were added to the estimated total employment in the Chattanooga metro area. Revisions of this sort are an annual occurrence and can lead to dramatic changes in what we…