Job growth expected, but not robust increase - WRCBtv.com | Chattanooga News, Weather & Sports

Job growth expected, but not robust increase

CHATTANOOGA, Tenn. (AP) - An economic forecast from the University of Tennessee says the state won't recover all of the jobs it lost during the recession for another three years.

The annual report to the governor by the UT Center for Business and Economic Research says job growth is expected to gain vigor in 2011, but non-farm employment won't fully recover until 2014.

The Chattanooga Times Free Press reports the center's prediction is for 36,000 new jobs during this year, for a 1.3% gain.

The jobless rate at the end of the year is still expected to remain above 9%. That's more than double the rate of a decade ago.

Information from: Chattanooga Times Free Press, http://www.timesfreepress.com

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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