Press release from the Tennessee House Democratic Caucus; November 22, 2013:
NASHVILLE, Tenn. (11/22/13) – Figures released from the Bureau of Labor Statistics show that Tennessee has one of the highest unemployment rates in the nation. At 8.4%, Tennessee is tied for 42nd in unemployment.
“Unfortunately for Tennesseans, the Republicans are winning their war on working people,” said House Democratic Caucus Chairman Mike Turner (D-Nashville). “The GOP promised that if we gutted worker and consumer protections that we would become an oasis of job creation. Instead, our workers are being left behind in an economic recovery that has led to lower unemployment numbers in most other states.”
Tennessee’s seasonally adjusted unemployment rate remained stagnant at 8.4% in October while 28 other states saw decreases in their unemployment. Earlier this month, Tennessee’s Comptroller released a scathing report indicating that the Haslam administration failed to adequately account for billions of dollars in tax dollars that were supposed to go towards job creation.
“In spite of billions of dollars in giveaways to large corporations, too many Tennesseans are struggling to find a good job,” said Rep. Gloria Johnson (D-Knoxville). “In a little over a month it will get even worse when Governor Haslam’s refusal to accept the Medicaid expansion will result in thousands of jobs and billions of dollars lost in Tennessee.”
According to a University of Memphis study, If Governor Haslam does not expand Medicaid, Tennessee’s economy will lose out on $10.5 billion in federal funds and 18,000 jobs over the next five years.