The Boyd Center produces research identifying national and state economic trends that help inform public policy. Our research and faculty are published in and have served as editorial staff for several journals, including the Quarterly Journal of Economics, the Economic Journal and the Economics of Education Review.
In June, there were 415,339 employed people in the Knoxville metropolitan statistical area, about 3,600 fewer than February 2020, according to the Bureau of Labor Statistics. That's less than 1% off from pre-pandemic employment levels and well above the pandemic low of 354,000 in April 2020. “The best I can tell you is that overall in the aggregate, it looks like as many people are working now in Knoxville as they were before the pandemic," said Matt Harris, associate professor of economics at the Boyd Center for Business and Economic Research.
Knoxville News Sentinel
Economic upheaval created both challenges and opportunities for business, said Bill Fox, director of the Boyd Center for Business and Economic Research at the University of Tennessee. “As companies shut down, it created a need for people to find other ways to support themselves, and it created new opportunities for business to get done in a different way,” he said.
U.S. News and World Report
“People left the labor market in droves during the pandemic and they’re not coming back,” said economist Marianne Wanamaker, a University of Tennessee professor, noting that the country’s labor force participation rate has been stagnant at 61 percent. “We are way behind the predicted employment recovery.”
The Washington Post
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The economy is improving quickly across Tennessee, according to the most recent survey conducted by the Boyd Center for Business and Economic Research.