January Unemployment Rate 4.9 Percent
Low Rate Reflects Federal Household Survey
NASHVILLE-Tennessee's unemployment rate for the month of January is 4.9 percent, down from the seasonally adjusted December rate of 6.0 percent, Commissioner of Labor & Workforce Development James Neeley announced today.
"The unusual drop in the December-to-January rate is
due to unexpected fluctuations from the monthly survey of
The December-to-January nonfarm employment figures show increases in professional, scientific and technical service jobs, up by 600. Increases also occurred in machinery manufacturing jobs, up by 500. Month-to-month seasonal decreases took place in trade, transportation and utility jobs, down by 26,300. Leisure and hospitality jobs decreased by 9,800.
From January 2003 to January 2004, educational and health services jobs increased by 7,600. Professional and business services jobs increased by 5,900. Jobs in leisure and hospitality rose by 5,900. Decreases took place in manufacturing, down 4,200 jobs. State government jobs also decreased by 900.
ATTENTION: Annual average nonfarm (2002-2003) and labor force estimates for 2003 are available upon request. January 2004 County and MSA rates will be released on Thursday, March 11, 2004.
NOTE: For more TDLWD news, visit our website at "http://www.state.tn.us/labor-wfd/.