June Unemployment Rate 6.0 Percent
Rate down slightly from May
NASHVILLE - Tennessee’s unemployment rate for the month of June is 6.0 percent, down 0.2 percentage points from the seasonally adjusted May rate of 6.2 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for June is 5.0 percent, down slightly from the May rate of 5.1 percent.
“Month-to-month employment increases took place in leisure and hospitality; construction; and trade, transportation and utilities, which is typical this time of year,” said Commissioner Neeley. “Seasonal decreases took place in local and state government educational services with the ending of the school year.”
The May-to-June figures show employment grew by 3,800 jobs in leisure and hospitality. Construction jobs increased 1,900. Trade/transportation/utilities added 1,700 jobs. Month-to-month seasonal decreases took place in local government educational service jobs, down 11,100. State government educational service jobs decreased 3,400.
From June 2004 to June 2005, trade/transportation/utilities increased by 6,400. Jobs in health care/social assistance rose by 6,000. Jobs also increased in food services/drinking places, up 3,700. Employment decreased in nondurable goods manufacturing by 2,300, accommodation by 1,700, and information by 1,500.
ATTENTION: June 2005 County and MSA rates will be released at 1:30 p.m. on Thursday, July 28, 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