Tri-Cities employers continue to shed jobs in high numbers. The latest job numbers are out, and it's not good news for our region. The Tri-Cities region lost more than 10,000 jobs in the final three months of last year compared to the fourth quarter of the year before.
The labor market report from ETSU's Bureau of Business and Economic showed unemployment presently stands at 9.3 percent in our region, which is up more than three percent in a year. However, area unemployment is still slightly less than the national rate of 9.5 percent.
Despite the bleak numbers, ETSU Economics Professor Doctor Steb Hipple expects a turn around this year. "It's an old cliche and I really hate it but there is light at the end of the tunnel..it's just been a very very long and very very dark tunnel," said Doctor Hipple.
Doctor Hipple said we should see new jobs created by July.
For a full video report, click play above.
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