Tennessee State Profile

Tennessee to receive federal funds for technology upgrades in unemployment benefits processing and career training programs; job growth forecasted to begin Q2 2010 and steadily improve through 2012; property taxes among lowest in nation.

• State job growth fell 4.3% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 10.8% in August 2009; the national average was 9.7%
• Personal income fell 0.9% to $217 billion in Q2 2009 from a year ago.
• Tax revenue fell 11.4% in Q2 2009 from the previous year.
• Exports fell 19.2% to $10.9 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in TN rose 13% to $11 million in Q2 2009 from a year ago.