FOR IMMEDIATE RELEASE

 
CONTACT: MILISSA REIERSON
MAY 19, 2005
(615) 741-2257 (O)
 
(615) 308-3705 (C)


April Unemployment Rate 5.8 Percent
Business Survey Shows Small Employment Growth

NASHVILLE - Tennessee’s unemployment rate for the month of April is 5.8 percent, the same as the seasonally adjusted March state rate of 5.8 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for April is 5.2 percent, unchanged from the March rate.

“From April 2004 to April 2005, the business survey shows small growth at a gain of more than 25,000 jobs.” said Commissioner Neeley. “We saw the largest gains in trade/transportation/utility jobs, health care/social assistance employment and professional/business services. We are optimistic Governor Bredesen’s recently passed jobs package will encourage employment growth in the state.”

The March-to-April figures show increases in leisure and hospitality jobs, up by 8,900. This includes a 4,000 job increase in food services and drinking places. Government jobs rose by 2,800. Month-to-month seasonal decreases took place in clothing and clothing accessory store jobs, down 500. Nursing and residential care facilities employment dropped by 400, and general merchandise stores lost 300 jobs.

From April 2004 to April 2005, trade/transportation/utilities increased by 6,400. Jobs in health care/social assistance rose by 5,900. Professional and business services employment grew by 4,500 jobs. Jobs decreased in nondurable goods manufacturing by 2,100, accommodation jobs by 1,700 and information by 1,400.


ATTENTION: April 2005 County and MSA rates will be released at 1:30 p.m. on Thursday, May 26, 2005.

NOTE: Tennessee’s employment and unemployment statistics are based on two major surveys. The Current Population Survey (CPS) is a survey by place of residence, providing estimates on the number of people in the labor force, total employment, unemployment, and the unemployment rate. Beginning in January 1992, the CPS data are seasonally adjusted for all states as directed by the Bureau of Labor Statistics. The business survey collects data by place of work and creates information about jobs in various industries. The business survey data are non-seasonally adjusted at this time. Information will be available on the Internet: enter www.tennessee.gov/labor-wfd

(05-65)
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