| Apr 11, 2012
In March, the U.S. Gallup Economic Confidence Index climbed to its highest level
since January 2008. These new results give further evidence of the sustained recovery and the public’s increasingly positive perception of the economy. As recently as August 2011, the index was at a level approaching the lows during the depths of the Great Recession, mostly tied to the federal debt crisis.
The resilience of Middle Tennessee's economy means our region mirrors, and even exceeds, national performance. As the Chamber's research indicated
at the start of the recession, Nashville’s historical pattern across many business cycles is to grow very quickly and strongly coming out of a downturn, driven by our diverse economy and strong local workforce. The most recent 12 months reveal an employment gain of nearly 27,000 for the Nashville MSA, the best performance since early 2007. 2011 and 2012 are giving abundant evidence that Chamber research was on track as it predicted what direction the Nashville economy would take and what businesses could expect over the course of the recession and beyond.
Recent rankings from the Brookings Institute, Bureau of Labor Statistics, Gallup Job Creation Index and U.S. Bureau of Economic Analysis also show that Nashville is a national leader
in economic recovery, job growth and wage growth -- further evidence that we are on the right track, and that we are working from a position of strength.