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Chattanooga Paces State in Job Growth last year

CHATTANOOGA, Tenn. (AP) -- Chattanooga has experienced job growth that led the state's major metropolitan areas in the last year.

Greater Chattanooga employment expanded by nearly 4,000 jobs from November 2011 through November 2012. The figure is from the U.S. Bureau of Labor Statistics.

Jobs grew by 1.7 percent in Chattanooga. Knoxville was second during the year, with an increase of 1.2 percent. Nashville came in third, increasing employment by 0.5 percent while Memphis reported no gain or loss.

The Chattanooga metro area gained jobs in the automotive, appliance and transport industries, increasing employment by 3,900 positions during the year.

The six-county area remains more than 10,000 jobs below the number it had at its zenith in 2006.
Chattanooga Paces State in Job Growth last year

Wednesday, January 2 2013, 03:10 PM EST

More Business News

Last Update on January 29, 2015 18:35 GMT

UNEMPLOYMENT BENEFITS

WASHINGTON (AP) -- The number of people seeking unemployment aid plunged last week to the lowest level in almost 15 years, a sign hiring will likely remain healthy.

The Labor Department says weekly applications dropped 43,000 to a seasonally adjusted 265,000, the lowest level since April 2000. That is also the biggest decline in two years. The four-week average, a less volatile measure, fell 8,250 to 298,500.

The latest drop may have been exaggerated by the federal holiday, which likely slowed the processing of some claims.

Applications are a proxy for layoffs, so the sharp decline means companies are cutting fewer jobs. The four-week average has fallen 11 percent in the past year. At the same time, hiring has picked up. Employers added almost 3 million jobs last year, the most since 1999.

MORTGAGE RATES

WASHINGTON (AP) -- Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels.

Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage edged up to 3.66 percent from 3.63 percent last week. The new average rate is still at its lowest level since May 2013.

The rate for the 15-year loan, a popular choice for people who are refinancing, increased to 2.98 percent from 2.93 percent last week.

A year ago, the average 30-year mortgage stood at 4.32 percent and the 15-year mortgage at 3.40 percent. Mortgage rates have remained low even though the Federal Reserve in October ended its monthly bond purchases, which were meant to hold down long-term rates.

ECONOMY-HOUSEHOLDS

WASHINGTON (AP) -- Despite signs that the economy is returning to health, two new reports suggest that most Americans are walking a dangerous financial tightrope.

An analysis of Fed survey data by the Pew Charitable Trusts finds 47 percent of U.S. households say they spend all of their income, go into debt or dip into savings to meet their annual expenses.

The Pew analysis found that if a typical middle-class household had to weather a period of joblessness without any income, its available savings would be exhausted within 21 days. And if that same family also cashed in all their retirement investments to get by, they would burn through those assets within four months.

A separate economic scorecard released today says nearly 56 percent of U.S. consumers have subprime or near-prime credit scores, meaning they must pay a premium to borrow if they qualify at all for traditional loans and credit cards. And roughly 20 percent of households depend on "fringe financial services" such as payday lenders, according to the report by the nonprofit Corporation for Enterprise Development.

OBAMA-BUDGET

WASHINGTON (AP) -- The White House says President Barack Obama's budget will propose spending $74 billion more than current spending caps. That would be an increase of about 7 percent.

Obama plans to release his budget for the next fiscal year on Monday. The White House says Obama will propose $530 million for domestic programs, which is $37 billion more than the limits established by so-called sequestration.

Obama will also propose $561 billion for defense spending. That's an increase of $38 billion over the spending limits.

Obama wants to do away with the across-the-board cuts that Democrats and Republicans agreed to in 2011 in an attempt to reduce the federal deficit.

CONGRESS-KEYSTONE

WASHINGTON (AP) -- The Republican-controlled Senate is moving toward passage of a bipartisan bill approving the Keystone XL oil pipeline.

The move defies a veto threat and sets up the first battle with the White House over energy and the environment.

The Senate plans to vote later Thursday. It's the first measure taken up by the Republican-controlled Senate, and one of the first to draw a veto threat from the president.

The bill has 60 sponsors -- enough to pass, but not enough to override a veto.

The bill would authorize construction of the nearly 1,200-mile pipeline to carry oil primarily from Canada's tar sands to Gulf Coast refineries.

Critics argue the $8 billion project would spell disaster for global warming. Supporters call it a jobs bill that would boost energy security.

ARCTIC OFFSHORE DRILLING-SHELL

ANCHORAGE, Alaska (AP) -- Royal Dutch Shell PLC says it will drill off Alaska's northwest coast in 2015 -- if it can get the permits it needs and drill safely.

Speaking in London, Chief Executive Officer Ben van Beurden said Thursday that Shell will move forward with its plan to use two drill vessels in the Chukchi (chuk-CHEE') Sea subject to getting permits and legal clearance.

Shell last drilled in Arctic waters off Alaska in 2012. One drill vessel ran aground off Kodiak. The contractor on a second was fined $12.2 million for environmental and maritime crimes.

The company is awaiting a resolution to a lawsuit that challenged the federal government's environmental review before it sold Chukchi leases in 2008.

CARS-ZERO DEATHS

WASHINGTON (AP) -- Safety researchers say the chances of dying in a crash in a late-model car or light truck fell by more than a third over three years, and nine car models had zero deaths per million registered vehicles.

The Insurance Institute for Highway Safety said that for 2011 models, there was an average of 28 driver deaths per million registered vehicle years through the 2012 calendar year, down from a rate of 48 deaths for 2008 models through 2009. A registered vehicle year is one vehicle registered for one year.

But the gap between safest and riskiest models remains wide. Three 2011 models had rates exceeding 100 deaths per million registered vehicle years.

The institute says Improved vehicle designs and safety technology helped reduced risk, but there were other factors too.

EARNS-FORD

DEARBORN, Mich. (AP) -- Ford's net income tumbled to $52 million in the fourth quarter because of trouble at its Venezuelan operations.

Ford's earnings, of a penny per share, compared with earnings of 75 cents per share in the fourth quarter a year ago.

Without one-time items, including the Venezuela charge and separation payments in Europe, Ford earned $1.1 billion in the quarter, down 15 percent from a year ago.

Pretax earnings of 26 cents per share beat Wall Street's forecast of 22 cents per share, according to FactSet.

Fourth-quarter revenue fell 4.5 percent to $35.9 billion.

For the full year, Ford earnings fell 56 percent to $3.2 billion, or 80 cents per share.

Dearborn-based Ford had repeatedly warned that its profits would be down in 2014 as it introduced 24 new vehicles.

DETROIT FORECLOSURES

DETROIT (AP) -- Hundreds of Detroit homeowners at risk of losing their property are flocking to hearings that offer them a last-ditch chance to avoid foreclosure from tax debts.

The homeowners nearly filled a long conference room in Detroit's Cobo Center while waiting for their cases to be heard. Many hoped to work out payment plans.

Detroit's neighborhoods have yet to recover from the national mortgage crisis. More than 60,000 city properties are in foreclosure, putting them at risk of being added to a huge glut of vacant houses.

Detroit is believed to have the largest number of foreclosures at any one time in the county.

Gov. Rick Snyder signed a bill this month that allows homeowners facing financial hardship to use a payment plan to pay off debts and avoid foreclosure.

GREECE-EU

ATHENS, Greece (AP) -- The European Parliament's president is to be the first European official to visit Athens, a day after announcements by Greece's nascent radical left government on rolling back a series of key budget commitments sent the country's stock market plummeting.

Martin Schulz arrives in Athens Thursday for meetings with government and opposition officials, a day ahead of eurogroup head Jeroen Dijsselbloem. Both visits are being closely watched for indications of how Alexis Tsipras' government intends to proceed in bailout negotiations.

Wednesday's hard line prompted a quick EU warning and sent local investors into a panic on the prospect that Greece might be cut off from its financial lifeline.

Ahead of his visit, Schulz wrote in an online article that Tsipras must "reach out for compromise both inside and outside the country."

RUSSIA-WORLD CUP BUDGET

MOSCOW (AP) -- Russia's Sports Minister says the government will cut the budget for hosting the 2018 World Cup as part of plans to slash state expenditure while recession looms.

The Russian government is cutting its spending by 10 percent across the board after the central bank predicted last month that the economy could contract by up to 4.7 percent this year.

Mutko, who is a FIFA executive committee member, said in comments reported by the Tass news agency that World Cup stadiums and associated infrastructure would be exempt from the cuts, but "various organizational issues" and "subsidies to the organizing committee" would be cut. He did not provide specific figures.

This month, FIFA President Sepp Blatter said he had been assured by Russian President Vladimir Putin that economic problems would not affect the tournament.



WTVC NewsChannel9 Stories of Honor

Chattanooga Airport Announces Record Growth in 2014

US Government Investigating Ford Trucks for Stalling Problem

Cabela's Hiring 140 at Fort Oglethorpe Location

President Obama Mentions Chattanooga in Pitch to Give More U.S. Cities Broadband Access

Chattanooga Innovation District Announced

Volkswagen Announces New SUV Line

In Tennessee, President Obama Announces Manufacturing Hub

JCPenney to Close Its Dalton Outlet in 2015

Coca-Cola Announces Layoffs

Goodman Manufacturing to Close Doors in Dayton

Mercedes-Benz Moving Headquarters to Atlanta

Made in Our Hometown Big Business Wins of 2014

Keurig Recalls

Dow Tops 18,000 for the First Time

T-Mobile to Provide Customers Refunds in Settlement with FTC

Chattanooga Giving Grants to 3 Small Businesses

BlackBerry Launches Classic Smartphone in Last-ditch Effort

Mayor Berke Announces Chattanooga's First Growing Small Business Incentives

Protecting Yourself Against Identity Theft

Top Erlanger Managers Paid Bonuses

How the Upbeat Jobs Report May Not Fatten Your Wallet

German Labor Chief: VW Must Halt Anti-Union Group

J. Crew Store to Open at Warehouse Row Next Week

HTI Employment Solutions to Expand to Chattanooga, Fill 300 Jobs

Uber Arrives in Chattanooga

Warren Buffet's Company to Buy Duracell from Procter and Gamble

Mixed Messages on Volkswagen Labor Union Future

HTI Employment Solutions to Expand to Chattanooga, Fill 300 Jobs

Warren Buffet's Company to Buy Duracell from Procter and Gamble

J. Crew Store to Open at Warehouse Row Next Week

Bellhops Receives 2014 Spirit of Innovation Award

Volkswagen Sets Policy to Interact with Labor Groups

Ford Prepares to Roll Out Aluminum Pickup Trucks

'Regional Commerce Park' to Be Developed in Sweetwater

UAW Says Recognition Near at Chattanooga's Volkswagen Plant

Dunlap Company Manufactures Zippers for Ebola Hazmat Suits

Crash Test Dummies Gain Weight to Save Lives

Facebook's Advertising Revenue Soars in 3Q

Chattanooga Foreign-Trade Zone Approved for Expansion to Include 11 Counties

Walmart to Hire 95 in Fort Oglethorpe

The Cost at Watts Bar: Power, Postponement and your Pocketbook

A Small Business Owner Fights City Government

Amazon Creating 80,000 Seasonal Jobs

Amazon Hiring Thousands for the Holidays

Chattanooga-Based Plasticware Maker Adds New Jobs

You Could Benefit from Red Bull Class Action Suit

Sinclair Renews Agreements With ABC Network

Family-Owned Hixson Business Closes for Good on Tuesday

Ford Recalls 850K Cars on Short Circuit Concerns

Chattanooga Candy Company Closing at the End of the Year

A Closer Look: Ways to Hide and Secure Data on Your Smartphone

Home Depot Security Breach Affected 56 Million Credit

Startup Week Chattanooga to Feature National Figures in Innovation and Entrepreneurship

Consumer Problems and New Protections with Downloading Apple's New Software

Federal Reserve Signals It Plans to Keep Key Interest Rate at Record Low

FedEx Hiring 50,000 for Seasonal Work

Speculation Swirls Over Fed Language on Rate Hike

Chattanooga Airport Partners with EPB for Free WiFi

Small Plane from Chattanooga Crashes in Walton County, GA

Chattanooga's Mashburn Outdoor LLC Garners Prestigious Honor

McCallie Graduate Settles Lawsuit with Snapchat Co-founders

Tesla Electric Car Charging Stations Now at Chattanooga's Airport

City of Chattanooga Creating Free Wi-Fi Network for all City Buildings and Public Places

GA Dept. of Labor to Hold Job Training Fair

Apple Issues Recall for Certain iPhone 5 Batteries

New Company, $5M Investment, 35 New Jobs in Chattanooga

Data Breach at Several UPS Stores

Paper Mill Expansion Means 50 New Jobs in McMinn County

Paper Mill Expansion Means 50 New Jobs in McMinn County

Volkswagen Chattanooga Celebrates New Graduates

GM Issues Third Recall on SUVs That Can Catch Fire

PF Chang Customer Security Breach Includes Chattanooga Restaurant

New Retail Stores

3rd Annual GigTank Event Showcases Inventions, Ideas and Innovation

Hardwick Clothes Celebrates 134 Years in Business in Cleveland

Local Business Leaders Discuss Climate Change Impact

Chattanooga Choo Choo Announces Major Expansion

SL Tennessee Adding 1,000 New Jobs

Baby Monitor Recall in U.S.


VW Plans Welcome Center in Downtown Chattanooga

Gas Prices on the Decline

A Tip of the Hat to a Bull Market, VW and Derek Jeter

Belgian Floormaker Chooses Northwest GA for U.S. Headquarters

Roper Recruiting New Employees for Walker County Plant

Report: UAW to Announce Agreement with Volkswagen Thursday

Erlanger Files Notice to Foreclose on Hutcheson Medical Center Property

Taco Mac on Market Street Closing for Two Weeks for Expansion

GM Announces More Recalls

Mahindra-Chattanooga Tractors Expands

ALERT: Toyota, Mazda, Honda

Gas Prices on the Way Up in Chattanooga Area

A Brief History of East Ridge Economic Development

U.S. Reaches Agreement with SunTrust on Mortgage Cases

Hutcheson Announces Management Team Changes

'Operation Famous Salute' Reaches Record Number of Troops

Gas Prices in Chattanooga Area on the Way Down

Ground Broken for Dalton Manufacturing Facility

MAU Workforce Now Hiring in Chattanooga

Lee U. Grad Named New Southeast TN Regional Director

Bass Pro Shop to Anchor New Business in East Ridge

Chattem Plans Expansion, More Full-Time Jobs

Bass Pro Shop Coming to East Ridge

Chattanooga Company on the International Stage

New iPhone, Mac Features Unveiled

Area Gas Prices Down Slightly

Haslam: Tenn. Back in Talks with VW

U.S. Economy Shrinks at 1% Rate in 1st Quarter of 2014

Google to Build Prototype of Driverless Car

Gas Prices Drop for Post-Memorial Day Week

Chattanooga Offering Jobs to Teens, Application Deadline Tuesday

VW Workers Formally Drop Lawsuit against UAW

Plastic Omnium to Build Chattanooga Plant, Creating Almost 200 New Jobs

Mobile 'Career Coaches' Head to Several Local TN Counties to Assist Job Seekers

House Passes Bill Designed to Unlock Chickamauga Lock Funding Logjam

Erlanger Receives Advertising Awards

TN Receives $140,000 for Mine Safety Training & Accident Response

Acclaimed 3D Printing Hacker & Biotechnologist to Speak in Chattanooga

Corker Partners with Google to Help Southeast TN Small Businesses

Truck Drivers Being Recruited for Shaw Industries in Dalton

New Holiday Inn Creating New Chattanooga Jobs

Babcock & Wilcox Intech Inc. Adds 50 Jobs

Chattanooga Coca-Cola Finalizes Expansion, 43 New Jobs

Dalton’s Unemployment Rate Declines to 8.6 Percent

Grandview Medical Center in Jasper to Become Parkridge West Hospital

Morning Pointe Breaks Ground on 5th Building

Chances of Getting Audited by IRS Lowest in Years

GIGTANK Selects Startup Teams for 2014 Accelerator

Mayors Announce Spring Review Board for Mozilla Gigabit Communities Fund

Northwest Georgia's Unemployment Rate Holds at 7.3 Percent

Tennesseans to Receive $2.8 Million from E-Book Price-Fixing Agreement

New Future for The Enterprise Center in Motion

Don Welch Announces Retirement

TVA to Update Progress on Long-range Plan

TVA Employees Contribute $2.6 Million To Local Causes

Volkswagen Recalls 160,000 Passats for Light Issue

Coyote Logistics Buys Chattanooga-based Access America

Volkswagen Workers File Federal Suit to Block Company and UAW Collusion

Coca-Cola Bottling Works Toward Expanding Chattanooga Operations

EPB named Recycler of the Year

CAI, UT Offer Executive Education in Bradley County

Volkswagen-Chattanooga: Life After the UAW Vote

Friday is Deadline in Discount Club Settlement

TAWC Names Gayle Domanski to Management Team

Leadership Chattanooga Now Accepting Nominations

Chambliss, Bahner and Stophel Attorneys Receive Special Honor

TVA Reports First Quarter FY2014 Results

Free Tax Services in Hamilton County

HCA Buys Grandview Medical Center

Tennessee Named '2013 State of the Year'

Legal Pot Takes Hold on Wall Street

New Marketing Director for Chambliss Law Firm

Gas Prices Down for Holidays

TAWC Buys Marion County Water System

The New Market for Drones: Farming?

Chattanooga Whiskey Cancels New Year's Eve 'Barrel Drop'

McKee Foods Sponsors Chattanooga History Center

Volkswagen Announces $17 Million Expansion

Former City Official to Head Chattanooga Whiskey

Suggestions for a Less Stressful Shopping Season

TVA Pays 2013 'Taxes' to Local Governments

Average Area Gas Price back Above $3

TVA Reports Fiscal Year-End 2013 Results

Renovations and Additions to Northgate Mall

Business as Usual at Twitter HQ as Stocks Hit Public Market

User Burnout Could Threaten Twitter's Prosperity

Carol Sim Named as President and CEO of Siskin Hospital

Ruby Falls Honored by Tourism Society

Elizabeth L. Epps Joins Chattanooga Immigration Law Firm

Grand Re-opening of Northgate Mall, Nov. 7

Chattanooga Named One of Top 100 Best Places to Live

Chattanooga Named Code for America City

Investors Keep Faith in U.S. in Crisis after Crisis

Groundbreaking New Jobs in North Georgia

Wacker Plant Hit With Lawsuit

Shaw Industries Hiring

EPA Recognizes Volkswagen Chattanooga for 'Green Power'

Georgia's Unemployment Rate Declines in August

Apple Unveils Next Generation of iPhones

Dolly Tells Don About Her New Resort

Area Gas Prices Basically Stable

New Chattanooga Restaurant Holding Job Fair

WNA Adding 53 Jobs in Chattanooga

Innovative Packaging May be Worth Extra Cost

NewsChannel 9 Owners Buy Allbritton Stations

Dynasty Spas Gives Buyers Opportunity to Benefit Church or Charity

La-Z-Boy Receives Award of Excellence

Erlanger Recognized by U.S. News

Legal Aid Honors Volunteer Attorneys

Metro Dalton's Unemployment Rate Rises in May

Dow Jones Average Falls Dramatically, Again

Blake Strickland Inducted into Tennessee Credit Union Hall of Fame

River Gorge Explorer Earns Certificate of Excellence

Tenn. Board of Regents Committee Recommends Tuition Increases

US Employers Add 175K Jobs, Rate Up to 7.6 Percent

The Top iPhone and iPad Apps

EPB Fi TV Rates Increasing

BBB 2013 Torch Awards & Scholarship Winners

Red Cross East Tennessee Names New Regional CEO

Hutcheson $9.7 Millions Ahead Compared to Last Year

Volkswagen Chattanooga Builds 250,000th Passat Sedan

Unum CEO Announces Retirement

Tenn. Governor Signs Grocery Tax Reduction into Law

Frost Cutlery Building Retail Center

Memorial's Inspire Magazine Receives Awards

TVA Veteran James R. Dalrymple Named VP of Coal and Gas Operations

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TVA Reports Net Income of $54 Million in Second Quarter 2013

Greenlee Textron Acquires Sherman & Reilly, Inc

Chattanooga-made App Merges Technology to Handwritten Letters

Hot Rod Power Tour Coming to Chattanooga

Dutch Maid Bakery and Cafe Takes Home First Place

New Company Bringing 200 Jobs to McMinn County

Highest Financial Rating for Hamilton County

Tenn. Revenue Collections Up in March

Tenn. House Unanimously Approves Food Tax Reduction

Chattanooga Airport Announces Major Terminal Renovation

Dalton'™s Unemployment Rate Declines to 11 Percent

Brooke Pancake Signs Sponsorship Deal with Financial Group

Hunter Museum Curator Retiring

Tennessee Aquarium Expects 20 Millionth Visitor This Weekend

Whitfield County Business Expo 2013

McKee is High Bidder for Drake's Snack Cakes

Dalton Area Has Highest Unemployment in State

Tenn. January Unemployment Increases Slightly

Tenn. February revenue $5M more than state budgeted

Executive VP Leaving TVA

Memphis Hospital CEO Chosen to Run Erlanger

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Japanese Officials Visit EPB in Chattanooga

Access America Transport Makes Forbes List

'Cash Mobs' to Hit Downtown Chattanooga Businesses

Chattanooga Chamber Announces Small Business Award Finalists

TVA Reports Sales Flat in First Fiscal Quarter 2013

Hollywog Expands, Adds 22 Jobs

Deal recognizes Georgia Tourism Day, unveils 2013 Travel Guide

Kim Chapman Named 'Woman of Distinction'

Chattanooga Offers Free Parking on Certain Holidays

Chattanooga CVB Honored

Tennessee Dec. Tax Revenues Exceed Projection

Lake Winnie Breaks Ground on Waterpark

Chattanooga Paces State in Job Growth last year

Hamilton Co. Schools Collecting TennCare Money

Chattanooga Attorney Wins Conservation Award

Rhea County Company Adding 50 Jobs

Tenn. November revenue collections higher than last year

Marya Schalk Named to the Mid-South Rising Stars

Brittany Lace Thomas Joins Chattanooga Law Firm

Center on Main Breaking Ground at Upcoming Mainx24

Jimmy F. Rodgers, Jr. Named 'Super Lawyer'

Unemployment Down Slightly in TN and GA

TVA Economic Development Efforts Spur $5.9 Billion in Investments in FY 2012

Spirit of Innovation Award

October sales tax collections fall below estimates

Integrity Staffing Solutions Hiring Seasonal Workers

Company Seeks to Fill 20 Job Openings

William D. Johnson Named Chief Executive Officer of TVA

Ruby Falls named Travel Attraction of the Year

Bridgeport, Ala. Becomes Ground Zero for Major Yamaha Announcement

Chattanooga Oncology to Merge with Larger Group

River City Company Received TAPA Award

CBL to Give Northgate Multi-million Dollar Facelift

BlueCross Laying Off 100 Employees

Krystal Headquarters Leaving Chattanooga

YMCA of Metropolitan Chattanooga Names New CEO

Amazon Hiring 250 in Chattanooga

Tourism Spending Increasing in Hamilton County

Volkswagen Reports Historic Sales Year

HCA - Parkridge Fined $16.5 Million

EPB Fiber Optics Ups Internet Speeds at Same Price


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