September Unemployment Rate 4.6 Percent
RATE DECREASES 1.1 PERCENTAGE POINTS
NASHVILLE - Tennessee’s unemployment rate for the month of September is 4.6 percent, down from the seasonally adjusted August rate of 5.7 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for September is also 4.6 percent, down from the August rate of 4.7.
“ Tennessee has continued to see slow growth over the last several months,” said Commissioner Neeley. “This month’s decrease in the rate is reflecting that continued growth and the strengthening of Tennessee’s economy.”
The August-to-September business survey shows employment increases in local government educational services up 9,100 jobs. Employment in state government educational services also increased by 5,400 and educational services employment increased 2,300 jobs. Seasonal month-to-month employment decreases took place in leisure/hospitality with 3,200 jobs lost. Information employment dropped by 600 jobs.
From September 2005 to September 2006, trade/transportation/utilities jobs increased by 9,900. Jobs in leisure and hospitality rose by 8,600 and educational and health services jobs increased by 7,300. Employment decreased in manufacturing by 4,700, food and beverage stores by 1,500 and administrative/support/waste services jobs by 1,200.