FOR IMMEDIATE RELEASE

CONTACT: MILISSA REIERSON
NOVEMBER 17, 2005
(615) 741-2257 (O)
 
(615) 308-3705 (C)


October Unemployment Rate 5.6 Percent
Rate up from September

NASHVILLE - Tennessee 's 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.

"The 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 surveys."

The 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.

From 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: September 2005 County and MSA rates will be released at 1:30 p.m. on Thursday, October 27, 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

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