A recent UT report shows that 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. The spring 2013 Tennessee Business and Economic Outlook shows that 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.
Several media outlets statewide highlighted the study, which was prepared by the Center for Business and Economic Research (CBER).
They include:
Chattanooga Times Free Press: Tennessee: Economy gaining, but jobless rate projected to remain above U.S. level through 2014
Knoxville News Sentinel: UT Report: Economy Poised for Strong Growth in 2014
WATE-Channel 6: UT Report: Economy shows signs of strength in 2014
WBIR-Channel 10: UT Study reveals state and national economies bouncing back