NASHVILLE - Tennessee’s unemployment rate for the month of August is 5.3 percent, down 0.2 percentage points from the seasonally adjusted July rate of 5.5 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for July is 4.9 percent, down from the July 5.0 percent rate.
“From August 2004 to August 2005, the business survey shows a growth of 27,200 jobs,” said Commissioner Neeley. “Major employment increases are taking place in retail trade and health care/social assistance.”
The July-to-August figures show local government educational services jobs grew by 9,600. Trade/transportation/utilities jobs rose by 2,000. Administrative services employment added 2,000 jobs. Month-to-month seasonal decreases took place in arts/entertainment/recreation employment, down 700 jobs. Building material and garden supply store employment declined by 700 jobs, and construction jobs decreased 500.
From August 2004 to August 2005, retail trade increased by 9,300. Jobs in health care/social assistance rose by 6,400. Jobs also increased in food services/drinking places, up 3,600. Employment decreased in accommodation by 1,800, nondurable goods manufacturing by 1,600 and information by 1,400.