Unemployment Rate 5.6 Percent
Rate up from September
unemployment rate for the month of October is 5.6 percent, up 0.5
percentage point from the seasonally-adjusted September rate of 5.1
percent, Commissioner of Labor & Workforce Development James Neeley
announced today. The national unemployment rate for October is 5.0
percent, down from the September 5.1 percent rate.
household survey is showing a slight increase in unemployed persons this month,
causing the rate to rise," said Commissioner Neeley. "This
rise may include effects of the recent hurricanes in the Gulf; however, we are
still continuing to see job growth according to both the household and business
September-to-October figures show local government educational services jobs
grew by 4,700. Retail trade employment grew by 3,700 and educational and health
services employment rose 2,100. Month-to-month seasonal decreases took place in
leisure and hospitality, down 5,800 jobs. Machinery manufacturing declined by
700 jobs, and chemical manufacturing jobs decreased by 200.
October 2004 to October 2005, trade/transportation/utilities increased by
8,200. Jobs in educational and health services rose by 6,500. Jobs also
increased in food services/drinking places, up 3,600. Employment decreased in
information by 1,900, accommodation by 1,800, and nondurable goods
manufacturing by 1,600.
ATTENTION: October 2005 County and
MSA rates will be released at 1:30 p.m. on Wensday, November 23, 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
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