With Unemployment Down to 7.4% Is Our Region In a Better Position?

Reported by: James Mahon
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Updated: 8/02/2013 6:37 pm
CHATTANOOGA, TN, (WDEF)-Bruce Krebs advises and supports the unemployed in our area through his company  Entrepreneur Source. He feels this report doesn't paint a true picture.

"There's 28 million people that are working part time just to make ends meet, we have a bad dynamic on our hands with unemployment and the problem is it isn't getting better"

Kristie Wilder, Professor of Social Work at Southern Adventist University believes that even if unemployment is down those working are not being paid what they deserve.

"find these jobs if they even exist, they are not being compensated according to their experience level or their education level, high burn out rates are still happening out there"

Yet Matt Murray, Professor of Economics at UT says right now the US and Tennessee is in a good place.

"All in all a  good labor market report for the US economy we are fighting some real head winds with sequestration, federal spending"

For one  local job seeker a report and a percentage mean very little.
"That is totally false  because you have people who are homeless because they can't even find a job"

Ben Ubamadu  of Chattanooga State prepares graduates for work straight out of college and welcomes the good news.

"It's very good news and I think as long as our area continues the collaboration that we do and the focus on getting people employed, then I think we will be doing very well"

The areas with most job growth were the North East, California and Florida, Tennessee was well down on the list.

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paulelliott - 8/4/2013 8:19 PM
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Yes, while the nations unemployment rate is at 7.4% Chattanooga's is at 8.8%, not so wonderful. The Republicans in this state need to stop slapping each other on the back and create some jobs.
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