NASHVILLE - Tennessee's
seasonally adjusted unemployment rate for January 2005 of 5.9 percent, up
from the December 2004 revised rate of 5.3 percent, was released on March 3,
2005. The U.S. Bureau of Labor Statistics has revised the unemployment rate
estimating methodology including the introduction of the Office of Management
and Budget's new 2000 geographic standards to 2000 Census data.
Metropolitan Statistical Areas have been redefined.
These areas have a central county or counties with an urbanized area of at
least 50,000 people plus adjacent outlying counties that meet commuting
standards. The addition of three new metro areas has boosted Tennessee's total
New Micropolitan Statistical Areas have a central county or
counties with an urban cluster of 10,000 to 49,000 people. Combined Statistical
Areas, comprised of two or more metro or micro areas, also have been added.
Williamson County registered the state's lowest county
unemployment rate at 3.9 percent, up from 3.1 in December. Hancock County was
the state's highest at 14.0 percent, up from 10.6 in December.
Knox County had the state's lowest major metropolitan rate at
4.8, up from 3.8 in December. Davidson County was 5.0, up from 4.1 in December.
Hamilton County was at 5.4 percent, up from 4.4 in December, and Shelby County
was 7.3 percent, up from 6.3 in December.
To learn more about the revised rate estimating methodology
and the statistical areas, go to the Tennessee Department of Labor &
Workforce Development Web site at www.tennessee.gov/labor-wfd
and click on the NEW UNEMPLOYMENT RATE METHODOLGY UPDATE icon. For complete
labor force estimates, go to