The woes on Wall Street have taken a big punch at jobs in the Tri-Cities. The labor market in the Tri-Cities metro area took a downward turn during the third quarter.
According to Dr. Steb Hipple, with the East Tennessee State University College of Business, employment slumped by 1%. That’s a loss of over 2,300 jobs compared to the same time last year.
The number of unemployed workers increased 43.2% on a year-to-year basis.
The jobless rate for the tri cities rose to 6 point 2 percent compared to only 4.4% a year ago.
SOUND OFF: Do you see any employment relief in sight?
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