Is Tennessee's economy recovering post-pandemic?

Jul 8, 2021 / 06:35 PM EDT
KNOXVILLE, Tenn. (WATE) — As COVID-19 restrictions loosen, it’s difficult to tell if the economy is catching back up. Unemployment numbers around the state are still on the rise. Marianne Wanamaker, a professor of economics at the University of Tennessee, shares more on how the economy is doing.
Wanamaker says that right now the labor market is in the worst shape. According to her, the United States is around 6 and a half million jobs short of where the marker was in February of 2020. She also spoke on how Tennesseans will be impacted by the Federal Unemployment benefits ending in the state. According to her, about two-thirds of Tenessessans on unemployment are fully on Federal relief and will lose all of their unemployment, while one-third will only have $500 supplement reduced.

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