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Sponsors: First Commerce Bank, Okay Tire and Brake Center, Lyons, John Karby - Edward Jones Investments, Chad Fox Allstate Insurance, Blalock Plumbing and Electric

Sponsors: First Commerce Bank, First National Bank, Griffin Cook and Sons, H&S Pharmacy #1&2, Lyons Chevrolet, Buick, and GM, and Meredith Warner Animal Clinic

Sponsors: First Commerce Bank, H&S Pharmacy #1 &2, Meredith Warner Animal Clinic, Rejuvenate at Jubilee Hills, John Karby-Edward Jones Investments, and Ledford Employee Exchange.

MCCOC

STATE UNEMPLOYMENT RATE DECREASES ONE-TENTH OF A PERCENTAGE POINT

OCTOBER UNEMPLOYMENT RATE 8.2 PERCENT

 
NASHVILLE – Tennessee Commissioner of Labor & Workforce Development Karla Davis announced today Tennessee’s unemployment rate for October decreased to 8.2 percent, down from the September revised rate of 8.3 percent. The national unemployment rate for October 2012 was 7.9 percent, 0.1 percentage point higher than the September rate.

Economic Summary:

  • Tennessee’s October unemployment rate is the lowest rate since June.
  • Over the past year, Tennessee’s unemployment rate declined from 8.9% to 8.2% (-0.7 percentage point), while the national rate declined from 8.9% to 7.9% (-1.0 percentage point).
  • Total nonfarm employment increased 7,500 jobs from September to October, with increases in leisure/hospitality and professional/business services. There were declines in government and mining/logging/construction.
  • Over the year, nonfarm jobs increased 24,800, with increases in manufacturing and education/health services. There were declines in wholesale trade and financial activities.