Business

Business news

Tony Gonzalez / WPLN

Tennessee's unemployment rate has fallen to its lowest level in at least four decades — just 3.6 percent — and other measures of the state's jobs market are also looking stronger.

Gov. Bill Haslam announced Thursday that the share of Tennesseans who want jobs but can't find them has reached its lowest point since the state began keeping records in 1976. The unemployment rate has also dipped nearly a percentage point below the national figure, which stands at 4.4 percent.

Julieta Martinelli / WPLN

Tennessee's unemployment rate has approached a low-water mark — 4 percent — and the market for jobs appears to be strong statewide.

In a major reversal from a few years ago, only one of Tennessee's 95 counties has an unemployment rate higher than 5 percent: Rhea County on the Cumberland Plateau in East Tennessee. In the Nashville metropolitan area, unemployment stands at just 2.1 percent, one of the lowest rates among big cities in the nation.

That stands in stark contrast to the worst part of the recession in 2009, when unemployment peaked at more than 10 percent statewide and, in some corners of Tennessee, topped 20 percent.

TN Photo Services (file)

A publicly-traded IT company says it's locating 300 jobs in Putnam County over the next five years.

The Nashville Technology Council

A new shared space that hopes to mirror collaborative efforts in Silicon Valley opens in Nashville today. 

Wikimedia Commons

A giant in the Nashville publishing industry has signed a deal with one of the most well-known names in the travel industry. 

AMSF2011 via Flickr

Last month, Sen. Lamar Alexander proposed a bill intended to help people who live where health insurance companies are pulling out of the Affordable Care Act marketplace. It would apply nationwide but indirectly references one specific organization in the senator's home state: Tennessee Farm Bureau.

Emily Siner / WPLN

Three weeks before the restaurant Lulu was scheduled to open, the building on Jefferson Street was in a state of disarray. Cardboard boxes filled with dishwasher racks and food processors were piled high against the window. Workmen were installing floors and sinks.

LG Electronics

A South Korean official says a new plant near Clarksville will be the first major investment from that country since President Trump took office.

Hyung-hwan Joo, the minister of trade for South Korea, joined Governor Bill Haslam to announce Tuesday that a $250-million facility LG Electronics will build to make washing machines will be one of the world's most advanced. The plant will employ 600 people.

Emily Siner / WPLN

The Nashville area is home to a growing number of fashion brands: powerhouses like international footwear company Genesco, small designers like shoemaker Nisolo, distribution warehouses for Gap and Under Armour. On Wednesday, the Nashville Fashion Alliance released a report quantifying the economic impact of these brands at nearly $6 billion.

It's a number that the industry hopes will prove its value — both to the local economy and to designers nationwide.

Chas Sisk / WPLN

It was one of the clearest promises President Trump made on the campaign trail: He'd renegotiate the Trans-Pacific Partnership, a 12-nation trade agreement hammered out by his predecessor.

Charlie Nelson was hoping for the deal to go through anyway somehow. Now, the president of Green Brier Distillery in Nashville is trying to stay optimistic another trade deal will soon take the TPP's place.

Pages