Tennessee, Memphis dead last in jobs ranking - FOX13 News, WHBQ FOX 13

Tennessee, Memphis dead last in jobs ranking

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MEMPHIS, Tenn. (FOX13) -

While the rest of America seems to be inching closer to economic recovery, Tennessee is lagging behind.

The Volunteer State has the dubious honor of being the worst state to be unemployed, according to Internet magazine 24/7 Wall Street.

According to the website, Tennessee has the 10th highest unemployment rate in the country at 8.5 percent in June, which is actually higher than the previous year despite the fact that almost every other state has seen that number drop - significantly in some cases.

Only 30 percent of people without a job are getting any kind of benefits, and those benefits are some of the lowest as well compared to other states.

In terms of job creation, the Volunteer State has a job growth rate of only 1.2 percent. The national average is 1.3 percent.

But perhaps even more disconcerting is the data suggesting that Memphis has the worst upward mobility for the poor in the whole country.

Memphis ranked dead last in cities where the poor can't get rich. The chance that children born into poverty can become high earners is a staggering 2.6 percent in the Bluff City.
 
Memphis also has the seventh highest percentage of families with single moms at 32.2 percent, and a high school drop out rate of 6 percent.

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