Thursday, March 4, 2010

January Unemploylment Rate 10.7 Percent

Tennessee Commissioner of Labor & Workforce Development James Neeley announced today Tennessee’s unemployment rate for January was 10.7 percent, unchanged from the revised December rate of 10.7 percent. The January rate a year ago was 9.1 percent. The national unemployment rate for January 2010 was 9.7 percent, down from the December rate of 10 percent.

“The state unemployment rate is holding steady for the month of January,” reported Labor Commissioner James Neeley. “While the unemployment rate continues to be high in Tennessee, we did see a slight increase in employment (+3,400), and two of the three largest gains in employment were in the manufacturing industry.”

Major Changes in Estimated Nonagricultural Employment
December 2009 to January 2010

According to the Business Survey, 200 job gains occurred in plastic and rubber products manufacturing; 200 in fabricated metal products manufacturing; and 200 in federal government. Major employment decreases occurred in trade, transportation and utilities, down by 18,100; leisure and hospitality declined by 11,100 jobs; and professional and business services decreased by 9,900.

Major Changes in Estimated Nonagricultural Employment

January 2009 to January 2010

Year-over-year increases occurred in health care and social assistance, up by 6,800; state government gained 1,100; manufacturing was down 31,800; trade transportation and utilities lost 28,800; and mining and construction decreased by 16,100. 


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