November Unemployment Rate Decreases to 8.1 Percent
LARGEST MONTHLY DECLINE SINCE APRIL 2010
NASHVILLE – Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today Tennessee’s unemployment rate for November is 8.1 percent, which is four tenths of one percentage point lower than the October revised rate. The national unemployment rate for November 2013 was 7.0 percent, down three tenths of one percentage point from October.Economic Summary:
- Tennessee's October to November rate change is the largest monthly decline since April 2010.
- Total nonfarm employment increased 9,400 jobs from October to November. The largest increases occurred in leisure/hospitality, durable goods manufacturing, and professional/business services.
Over the year, nonfarm employment increased 39,200 jobs. The largest increases occurred in leisure/hospitality, professional/business services, and durable goods manufacturing.