This was the recent headline in the Nashville Tennessean newspaper. Oh no, the sky is falling. Actually, that number puts Nashville solidly at 6.2% unemployment. So let’s see, that means that we have 93.8% of the people fully employed and going to work every day, or roughly 760,000 who still have jobs. Experts consider 5% unemployment “full employment” as there are always that many people transitioning or taking a break. So really we are up 1.2% or about 9700 more people looking for work than normal out of the 810,000 workers in this area. So why don’t the headlines scream that Nashville has 760,000 people who are getting regular paychecks each week? Because good news doesn’t sell newspapers.
Be careful how you receive the “news” being offered right now. You could get the impression that no one is hiring, all banks are failing, everyone is losing their home, and every small business is on the brink of disaster.
Incidentally we have a 99% chance of sunshine tomorrow and a 1% CHANCE OF HAIL, TORNADO, EARTHQUAKE, AND LOCUST ATTACK!