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MEDIA RELEASE

FOR IMMEDIATE RELEASE  
CONTACT: MILISSA REIERSON
October 21, 2004
(615) 741-2257 (O)
 Printer-friendly version
(615) 308-3705 (C)


Tennessee Unemployment Rate 5.1 Percent in September
Year-to-Year Drop One Percentage Point

NASHVILLE - Labor & Workforce Development Commissioner James Neeley announced today Tennessee's seasonally adjusted unemployment rate for September was 5.1 percent, down one percentage point from September 2003 when the rate registered 6.1 percent. The rate is slightly up from last month's rate of 4.9 percent. Tennessee remains below the U.S. rate for September, which was 5.4 percent.

"This month we are seeing decreases in leisure and hospitality jobs including accommodations and food services, arts, entertainment and recreation, which is fairly typical this time of year," said Neeley. "The year-to-year drop in the rate is due to employment increases in trade/transportation/utilities, leisure and hospitality, and educational/health services."
Major employment increases from month-to-month occurred in local government educational services, up 10,700 jobs. State government educational services jobs increased by 4,900. Month-to-month seasonal decreases occurred in leisure and hospitality jobs, losing 4,500 for the month. Financial activities employment dropped 600 jobs.

Year-to-year changes showed increases in leisure and hospitality, up 5,800 and trade/transportation/utilities up 5,100. Decreases occurred in professional/business services, down 1,900 jobs. State government jobs declined by 1,000 and jobs in information and gasoline stations dropped 800 each.





ATTENTION: September 2004 County and MSA rates will be released at 1:30 p.m. on Thursday, October 28, 2004.

NOTE: Information will be available on the Internet: enter www.tennessee.gov/labor-wfd/labor_figures

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.

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ANDREW JOHNSON TOWER, 8TH FLOOR
710 JAMES ROBERTSON PARKWAY
NASHVILLE, TN 37243
615.741.2257