County unemployment rates for March 2016 were released Thursday and they show a decrease in 92 counties, an increase in one, and the numbers remained the same in two counties.
Williamson, Davidson and Rutherford Counties had the lowest unemployment rates in the state with Williamson coming in at number one while Davidson and Rutherford Counties fell in line with a close second.
- Williamson County 2.8% Unemployment
- Davidson County 3.1% Unemployment
- Rutherford County 3.1% Unemployment
The county with the highest unemployment rate in the state was Hancock County with an unemployment rate of 7.5%.
- Hancock County 7.5% Unemployment
- Houston County 7.4% Unemployment
- Lauderdale County 7.1% Unemployment
For the month of March, Davidson County had the state's lowest major metropolitan rate at 3.1 percent, down from February's rate of 3.3 percent. Knox County was 3.4 percent in March, down from 3.6 the previous month. The Hamilton County rate was 4.0 percent, down from 4.2 in February. Shelby County was 4.7 percent, down from 4.9 percent the previous month.
Tennessee's preliminary unemployment rate for March was 4.5 percent, down four tenths of a percentage point from the previous month's revised rate. The U.S. preliminary rate for March was 5.0 percent, up one tenth of a percentage point from the previous month.
The state and national unemployment rates are seasonally adjusted while the county unemployment rates are not. Seasonal adjustment is a statistical technique that eliminates the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events from economic time series.