August Unemployment Rate 8.5 Percent

TENNESSEE UNEMPLOYMENT RATE UNCHANGED FROM PREVIOUS MONTH
 

NASHVILLE – Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today Tennessee’s preliminary unemployment rate for August is 8.5 percent, which is unchanged from the July revised rate. The national unemployment rate for August 2013 was 7.3 percent, down one tenth of one percentage point from the previous month.
Economic Summary:

• Tennessee's August unemployment rate remained unchanged for the third consecutive month at 8.5 percent.

• Over the past year, Tennessee's unemployment rate increased from 8.1 percent to 8.5 percent.

• Total nonfarm employment increased 2,200 jobs from July to August. The largest increases occurred in government, trade/transportation/utilities and durable goods manufacturing.

• Over the year, nonfarm employment increased 32,200 jobs. The largest increases occurred in leisure/hospitality, retail trade, and professional/business services.

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