Tennessee Labor & Workforce Development Commissioner Burns Phillips has announced Tennessee’s preliminary unemployment rate for July is 8.5 percent, which is unchanged from the June revised rate. Robert Rickman has more.
VERBATIM:
The numbers look to be going in the right direction for our community. In Rutherford County the rate dropped from 7.2% in June to 6.9% in July.
- The national unemployment rate for July 2013 was 7.4 percent, down two tenths of one percentage point from the previous month. Economic Summary:
- Tennessee’s July unemployment rate remained unchanged at 8.5 percent.
- Over the past year, Tennessee’s unemployment rate increased from 8.2 percent to 8.5 percent.
- Total nonfarm employment decreased 2,500 from June to July. The largest decreases occurred in administrative/support/waste services, state government, and accommodation/food services.
- Over the year, nonfarm employment increased 32,300 jobs. The largest increases were in leisure/hospitality, professional/business services, and retail trade.