Haslam College of Business - In The News

East Tennessee economy outpaces national average, UT professor says

University of Tennessee Professor Michael Kofoed said Knoxville is growing faster than the rest of the country, and that a rapidly aging population is a key economic driver. “It is pretty much being driven by two sectors health care and restaurant...

East Tennessee economy outpaces national average, UT professor says

University of Tennessee Professor Michael Kofoed said Knoxville is growing faster than the rest of the country, and that a rapidly aging population is a key economic driver. “It is pretty much being driven by two sectors health care and restaurant...

How to save 33% on your Thanksgiving feast

The cost of a Thanksgiving meal is up more than 10% in the past year, according to the University of Tennessee Extension’s consumer economics leadership team. However, it is possible to save big on the Thanksgiving staples. You just have to be willin...

University of Tennessee Faculty Member’s Research Aims to Improve Drug Safety Monitoring

“Our study shows that the ECC equals traditional methods’ results using just one-tenth of the data,” Zhou says. “Using ECC should enable materially earlier postmarket ADR detection, which could prevent serious public health safety concerns when new d...

College and work gap widening between young men and women, study finds

A new University of Tennessee study highlights a growing divide between young men and women in college, work, and use of leisure time, drawing attention to the differing paths between them compared to years past. The report, released by UT’s Boyd...

Data shows Tennesseans enrolling, completing, advancing through Tennessee Reconnect

The 2025 Navigate Reconnect Report, developed by the Boyd Center for Business and Economic Research, shows strong and sustained progress for adult learners supported through Tennessee Reconnect, the state’s free tuition program for adults returning t...

State workforce board hears University of Tennessee analysis on AI and the threats to middle‑skill jobs

Edward (Ed) Taylor, a research associate at the Boyd Center for Business and Economic Research at the University of Tennessee, told the State Workforce Development Board that artificial intelligence can both substitute for and complement human labor ...

US Mint stops penny production after more than 230 years in circulation

"The very nature of currency is evolving," Don Bruce, a University of Tennessee economics professor, said. "If you look at the history of currency and the history of coins, these things have been evolving for hundreds of years, and there's no reason ...

The not-so-hidden silver lining of the Covid-era supply chain crisis

In fact, the supply chain crisis of the Covid era, in which seemingly every possible domino fell down in perfect, worst-case succession, could probably turn even the most optimistic among us into Murphy’s Law converts. “Anything that can go wrong…” ...

Tennessee aims to attract research facilities as state manufacturing job growth slows

“This industry is growing in terms of production, but it’s shrinking in terms of employment,” Celeste Carruthers, professor of labor economics at the University of Tennessee Haslam College of Business, told The Tennessee Lookout. Those patterns can b...

UPS, FedEx ground some cargo fleets after deadly Kentucky plane crash

“I understand the circumstance and will gladly receive it when it arrives,” Tom Goldsby, professor of supply chain management at the University of Tennessee in Knoxville, told the AP. “People and businesses don’t have a lot of understanding (about th...

Tennessee’s economy relies on sales tax, which is putting more burden on low-income families

Michael Kofoed, an assistant professor of economics at the University of Tennessee’s Boyd Center for Business and Economic Research, said the state’s reliance on sales tax creates particular burdens for lower-income residents. “One drawback of the...

Downtown Dining Week serves up tasty deals at Memphis restaurants

The annual culinary experience comes as experts say more people are opting to cook at home, instead of dining out, because they just can't afford it. In the first half of 2025, US restaurants and bars saw one of the weakest six-month periods of sales...

Shipping delays expected after UPS cargo plane crash

Tom Goldsby, professor of supply chain management at the University of Tennessee in Knoxville, said UPS will most likely step up flights to its regional hubs to offset Worldport’s closure. The hubs are “going to take on a greater burden until that...

Past business tax cuts push Tennessee’s government to rely even more on regressive sales tax

Nearly two-thirds of Tennessee’s $21 billion tax revenue comes from sales tax. The state’s average sales tax rate of around 9.6% is the second-highest rate in the U.S., according to the Tax Foundation. Don Bruce, a professor of economics at the Bo...

Rural grocery stores brace for loss of SNAP benefits as shutdown continues

Starting Saturday, an estimated 700,000 Tennesseans are at risk of losing their Supplemental Nutrition Assistance Program, or SNAP, benefits. Ted Stank, a professor at the University of Tennessee and director of the Global Supply Chain Institute, ...