TN unemployment falls slightly
Tennessee unemployment remains over 10 percent, but dipped slightly in April, according to the Tennessee Department of Labor and Workforce Development. Unemployment in April stood at 10.5 percent in April, compared to 10.6 percent in March. Unemployment was also at 10.5 percent in April 2009.
National unemployment remains lower than in Nashville, though it increased in April to 9.9 percent, up from 9.7 percent.
“The good news in this monthly report is that employment growth was very strong. The unemployment rate stayed about the same because of a substantial increase in the number of people re-entering the labor force,” Labor Commissioner James Neeley said in a statement.
According to the state’s monthly Household Survey, Tennessee’s labor force of 3,028,500 is the highest since May 2009. The state’s 318,300 unemployed persons is the lowest since March 2009.
According to the state’s Business Survey, 9,000 job gains occurred in leisure and hospitality; 5,100 in administrative, support, and waste services; and 3,000 in trade, transportation and utilities. Major employment decreases occurred in health care and social assistance, down by 1,100; general merchandise stores declined by 800 jobs; and professional, scientific, and technical services decreased by 800.
Year-over-year increases occurred in administrative, support and waste services, up by 9,100; educational and health services gained 8,300; and retail trade was up by 5,900.
Year-over-year decreases occurred in durable goods manufacturing, down by 10,800; mining and construction lost 8,700; and transportation and warehousing decreased by 8,300.
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