Saturday, March 5, 2011

Tennessee jobless rate heads in wrong direction -- rises to 9.5 percent

Tennessee’s unemployment rate in January rose to 9.5 percent from December’s 9.4 percent rate, the state Department of Labor and Workforce Development said today.

The state rate is higher than the most recent national jobless rate of 9 percent.
State officials took a longer-term view and declared the state’s number a hopeful sign.

“Tennessee’s unemployment rate has remained stable since last July,” said state Labor Commissioner Karla Davis. “Long-term employment growth is continuing, and our unemployment rate is much improved from last January’s 10.4 percent.”

Job growth from last year came in temporary jobs, educational and health services and transportation and warehousing. Manufacturing continued to see a year-over year decrease, although there were new jobs created in manufacturing since December, the state’s Business Survey showed.

New jobs also emerged in transportation equipment and the wholesale electronic market from December to January.

Employment decreases occurred in trade, transportation and utilities, down by 17,300 jobs; professional and business services declined by 14,700; and leisure and hospitality declined by 10,400 jobs since December.

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