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FOR IMMEDIATE RELEASE

CONTACT: MILISSA REIERSON
MARCH 2, 2006
(615) 741-2257 (O)
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(615) 419-2068 (C)


JANUARY UNEMPLOYMENT RATE 5.2 PERCENT
RATE DOWN FROM DECEMBER AND YEAR AGO

NASHVILLE - Tennessee’s unemployment rate for the month of January is 5.2 percent, down 0.2 percentage points from the seasonally adjusted December rate of 5.4 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for January is 4.7 percent, down from the December rate of 4.9.

“January’s unemployment rate has decreased from a year ago when the rate was 5.5 percent,” said Commissioner Neeley. “Both the household and business surveys show year-to-year employment growth. Major employment increases continue in trade, transportation and utilities and leisure and hospitality.”

December-to-January figures show machinery manufacturing grew by 1,500. Management of companies and enterprises grew by 500 and chemical manufacturing rose 300. Month-to-month seasonal decreases took place in trade, transportation and utilities, down 34,800 jobs; administrative, support and waste services declined by 14,100 jobs, and government jobs decreased by 9,700.

From January 2005 to January 2006, trade, transportation and utilities increased by 10,400. Jobs in leisure and hospitality rose by 9,600 and educational and health services jobs increased by 7,800. Employment decreased in manufacturing by 5,100, food and beverage stores by 1,300 and federal government jobs by 800.


 


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