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MCCOC

AUGUST 2012 COUNTY UNEMPLOYMENT RATES

RATE DECREASES IN 90 COUNTIES, INCREASES IN TWO, AND STAYS THE SAME IN THREE
NASHVILLE – County non-seasonally adjusted unemployment rates for August 2012, released today (Thursday, September 27th) show the rate decreased in 90 counties, increased in two, and stayed the same in three.

Tennessee’s unemployment rate for August increased to 8.5 percent, up from the July revised rate of 8.4 percent. The national unemployment rate for August 2012 was 8.1 percent, 0.2 percentage point lower than the July rate.

The state unemployment rate is 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.

County with the lowest unemployment is Lincoln County with a rate of 5.7% and the county with the highest rate is Scott County with a rate of 17.5%. Marshall County Unemployment Rate went from 12.2 in July to 11.5 in August 2012.