September Unemployment Rate 5.1 Percent
Rate down from August
NASHVILLE — Tennessee’s unemployment rate for the month of September is 5.1 percent, down 0.2 percentage point from the seasonally adjusted August rate of 5.3 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for September is also 5.1 percent, up from the August 4.9 percent rate.
“From September 2004 to September 2005, the business survey shows a growth of 25,100 jobs,” said Commissioner Neeley. “Major employment increases continue in retail trade and health care/social assistance.”
The August-to-September figures show local government educational services jobs grew by 7,900. State government educational services increased with 5,600 jobs and retail trade employment grew by 4,400. Month-to-month seasonal decreases took place in leisure and hospitality, down 4,000 jobs. Information industry employment declined by 500 jobs, and financial activities jobs decreased by 400.
From September 2004 to September 2005, retail trade increased by 7,300. Jobs in health care/social assistance rose by 6,400. Jobs also increased in food services/drinking places, up 3,700. Employment decreased in accommodation by 1,700, nondurable goods manufacturing by 1,600 and the information industry by 1,500.
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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