Haslam College of Business Tennessee Business and Economic Outlook, Fall 2012

Tennessee will see modest growth continue through the middle of 2013 and then economic growth will show signs of acceleration. Nonfarm employment in Tennessee is expected to advance 1.6 percent this year and 1.4 percent next year. Job growth in manufacturing will slow to 0.9 percent in 2013 after posting a 2.7 percent gain in 2012. The state unemployment rate will average 8.2 percent for the year, falling to 8.1 percent next year. The preparation of this report was financed in part by the following agencies: the Tennessee Department of Finance and Administration, the Tennessee Department of Economic and Community Development, the Tennessee Department of Revenue, the Tennessee Department of Labor and Workforce Development, and the Appalachian Regional Commission.