FOR IMMEDIATE RELEASE

CONTACT: MILISSA REIERSON
DECEMBER 21, 2006
(615) 741-2257
 

NOVEMBER UNEMPLOYMENT RATE 5.0
RATE DECREASES 0.5 PERCENTAGE POINT FROM 2005

NASHVILLE - Tennessee’s unemployment rate for the month of November is 5.0 percent, up from the seasonally adjusted October rate of 4.5 percent, Commissioner of Labor & Workforce Development James Neeley announced today. In 2005, Tennessee’s unemployment rate for the month of November was 5.5 percent. The national unemployment rate for November is 4.5 percent, up from the October rate of 4.4.

“Tennessee’s unemployment rate has increased slightly from last month due to a large increase in the number of people looking for jobs in November,” said Commissioner Neeley. “We continue to see job growth in both the household and business surveys.”

The October-to-November business survey shows employment increases in retail trade, up 8,800 jobs. Employment in government also increased by 2,200 and food services and drinking places employment increased 900 jobs. Seasonal month-to-month employment decreases took place in arts, entertainment and recreation with 1,400 jobs lost. Manufacturing lost 1,200 jobs and administrative, support and waste services decreased by 300 jobs.

From November 2005 to November 2006, trade/transportation/utilities jobs increased by 9,700. Jobs in leisure and hospitality rose by 8,800 and educational and health services jobs increased by 7,300. Employment decreased in manufacturing by 8,600, food and beverage stores by 1,400 and administrative/support/waste services jobs by 1,200.



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