May Unemployment Rate 8.3 Percent
STATE EXPERIENCES SPIKE IN NUMBER OF UNEMPLOYED AS NEW ENTRANTS, REENTRANTS, AND DISLOCATED WORKERS RETURN TO THE JOB MARKET
NASHVILLE – Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today Tennessee’s unemployment rate for May was 8.3 percent, which increased three tenths of one percentage point from the April revised rate of 8.0 percent. The national unemployment rate for May 2013 was 7.6 percent, increasing by one tenth of one percentage point from the previous month.
- Tennessee's labor force hit a record high in May, mostly from new entrants, reentrants, and dislocated workers returning to the labor force as unemployed persons.
- Total nonfarm employment increased 5,700 from April to May. The largest increases occurred in accommodation/food services, administrative/support/waste services, and retail trade.
Over the year, nonfarm employment increased 52,500. The largest increases were in professional/business services, accommodation/food services, and health care/social assistance.