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Tennessee's Unemployment Rate for August Increased To 7.4%

Thursday, September 18, 2014 | 08:35am

NASHVILLE – Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today the Tennessee preliminary unemployment rate for August was 7.4 percent, three tenths of one percentage point higher than the 7.1 July revised rate. The U.S. preliminary rate for August was 6.1 percent, down from 6.2 percent in July.

Economic Summary

  • Over the past year, Tennessee's unemployment rate decreased from 8.4 percent to 7.4 percent while the national rate declined from 7.2 percent to 6.1 percent.

 

  • Total nonfarm employment increased 6,700 jobs from July to August. The largest increases occurred in accommodation/food services, administrative/support/waste services, and durable goods manufacturing.

 

  • Over the year, nonfarm employment increased 59,000 jobs. The largest increases occurred in professional/business services, leisure/hospitality, and trade/transportation/utilities.


 

Seasonally Adjusted Nonfarm Employment – Business Survey

(Numbers in thousands)

August 2013

Revised

July 2014

Preliminary

August 2014

Change from Aug. 2013 to Aug 2014

Change from
July 2014 to

Aug. 2014

Total Nonfarm

2,751.2

2,803.5

2,810.2

59.0

6.7

Mining/logging/construction

107.5

114.1

114.5

7.0

0.4

Manufacturing

318.4

322.1

324.0

5.6

1.9

Trade/transportation/utilities

583.0

594.6

594.9

11.9

0.3

Information

44.0

43.1

42.7

-1.3

-0.4

Financial activities

138.0

139.6

140.5

2.5

0.9

Professional/business services

352.5

369.9

371.8

19.3

1.9

Educational services

49.2

49.9

47.9

-1.3

-2.0

Health care/social assistance

345.5

350.1

351.2

5.7

1.1

Leisure/hospitality

287.4

298.0

301.3

13.9

3.3

Government

420.0

415.3

413.3

-6.7

-2.0


 

For a schedule of media release dates, please visit http://www.tn.gov/labor-wfd/news/tfs.shtml.

 

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