JUNE UNEMPLOYMENT RATE 5.6 PERCENT
RATE DOWN FROM LAST YEAR
NASHVILLE - Tennessee ’s unemployment rate for the month of June is 5.6 percent, up from the seasonally adjusted May rate of 5.4 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for June is 4.6 percent, the same as the May rate.
“According to the household survey, employment growth for Tennessee was 2.6 percent over the past year versus only 1.8 percent for the nation,“ said Commissioner Neeley. “In the face of the strong employment growth, the unemployment rate rose from May only because of a large increase in the number of people seeking employment.”
The May-to-June business survey shows increases in leisure and hospitality, up 5,600 jobs. Employment in construction increased by 2,700. Professional and business services employment increased by 1,400 jobs. Seasonal month-to-month employment decreases took place in local government educational services with 10,100 jobs lost. State government educational services employment dropped by 2,800 jobs, and educational services lost 1,900 jobs.
From June 2005 to June 2006, accommodation and food services jobs increased by 7,200. Jobs in retail trade rose by 7,000 and health care and social assistance jobs increased by 5,500. Employment decreased in manufacturing by 5,600, food and beverage stores by 1,500 and federal government jobs by 700.