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Sponsors: Lyons Chevrolet, Buick, GMC, First Commerce Bank, Ok Tire and Brake, Blalock Plumbing & Electric

Sponsors: Roberts Toyota, First Commerce Bank, Lyons Chevrolet, Buick, and GMC, Michael Wealth Management, Pizza Hut

Sponsors: First Commerce Bank, Griffin Cook & Sons, First National Bank, Lyons Chevrolet, Buick, and GMC, Michael Wealth Management, H&S Pharmacy, Mercy Community Healthcare, Blalock Plumbing and Heating, Davis Law Firm, David Jent Realty & Auction

Sponsors: First Commerce Bank, Ledford Employee Exchange, H&S Pharmacy, John Karby - Edward Jones Investments

MCCOC

DECEMBER UNEMPLOYMENT RATE 7.6 PERCENT

STATE UNEMPLOYMENT RATE LOWEST SINCE 2008

NASHVILLE – Tennessee Commissioner of Labor & Workforce Development Karla Davis announced today Tennessee’s unemployment rate for December was 7.6 percent and remained constant from the November revised rate of 7.6 percent. The national unemployment rate for December 2012 was 7.8 percent and was also unchanged from the previous month.

Economic Summary:

  • Tennessee's December unemployment rate remained constant at 7.6 percent and is the lowest Tennessee unemployment rate since October 2008.
  • The number of unemployed persons (235,700) is the lowest since October 2008.
  • The number of employed persons (2,879,600) is the highest since March 2008.
  • Over the past year, Tennessee's unemployment rate declined from 8.5 percent to 7.6 percent (-0.9 percentage point) while the national rate declined from 8.5 percent to 7.8 percent (-0.7 percentage point).
  • Total nonfarm employment increased 6,000 jobs from November to December, with increases in leisure/hospitality, manufacturing, and mining/logging/construction. There were decreases in administrative/support/waste services, retail trade, and state government.
  • Over the year, total nonfarm employment increased 36,400 jobs, with increases in manufacturing, health care/social assistance, and accommodation/food services. There were decreases in wholesale trade, financial activities, and arts/entertainment/recreation.

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