Unemployment Rate 5.0 Percent
NASHVILLE - Tennessee's unemployment rate for the month of March is 5.0 percent, the same as the seasonally adjusted February rate of 5.0 percent, Commissioner of Labor & Workforce Development James Neeley announced today.
"Tennessee's unemployment rate remains below the national rate of 5.7 percent," said Commissioner Neeley. "As we move through 2004, the employment picture is encouraging. We are seeing slight seasonal job growth in both the year-over-year numbers and the month-to-month figures in most areas. Losses in manufacturing are slowing down."
nonfarm employment figures show increases in leisure and hospitality jobs,
up 5,700. Trade, transportation and utility jobs increased by 3,000 and
construction jobs increased 2,600. Month-to-month decreases took place
in local government jobs, down by 14,100 due to
* ATTENTION: March 2004 county and MSA rates will be released at 1:30 p.m. on Thursday, April 22, 2004.
NOTE: Information will be available on the Internet; enter "http://www.state.tn.us/labor-wfd/.