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May Unemployment Rate 7.9 Percent

Thursday, June 14, 2012 | 09:05am

STATE UNEMPLOYMENT RATE INCREASES WITH LARGER LABOR FORCE

 
NASHVILLE – Tennessee Commissioner of Labor & Workforce Development Karla Davis announced today Tennessee’s unemployment rate for May increased to 7.9 percent, up from the April revised rate of 7.7 percent. The national unemployment rate for May 2012 was 8.2 percent, 0.1 percentage point higher than the April rate.

 

"Tennessee’s employment change this month is relatively flat with a slight increase in the amount of people reentering the workforce to look for work,” said Commissioner Davis. “Even though the unemployment rate had a slight increase, it is the first increase we have seen since November 2010.”


Economic Summary:

  • The April unemployment rate was revised down 0.1 percentage point to 7.7% from 7.8%
  • Employment, unemployment, and the labor force increased in May
  • Total nonfarm employment decreased 1,700 jobs from April to May
  • Over the year we have seen an increase of 39,100 jobs.  

Seasonally Adjusted Nonfarm Employment – Business Survey

(Numbers in thousands)

May 2011

Revised

Apr. 2012

Preliminary

May 2012

Change from May 2011 to May 2012

Change from Apr. 2012 to May 2012

Total Nonfarm

2,655.8

2,696.6

2,694.9

39.1

-1.7

Mining/logging/construction

108.8

113.6

114.8

6.0

  1.2

Manufacturing

304.1

311.6

311.4

7.3

-0.2

Trade/transportation/utilities

562.1

558.6

557.9

-4.2

-0.7

Information

44.2

44.1

43.8

-0.4

-0.3

Financial activities

135.1

135.3

134.5

-0.6

-0.8

Professional/business services

318.8

327.7

327.4

8.6

-0.3

Education/health services

382.0

389.2

390.7

8.7

1.5

Leisure/hospitality

266.6

271.9

270.0

3.4

-1.9

Other services

101.7

102.0

101.6

-0.1

0.4

Government

432.4

442.6

442.8

10.4

  0.2

  

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