Monday, April 18, 2011
March Unemployment Rate 9.5 Percent
Tennessee Commissioner of Labor & Workforce Development Karla Davis announced today that for the second month in a row, Tennessee experienced substantial employment growth.
Tennessee’s unemployment rate for March was 9.5 percent, unchanged from the revised February rate. The national unemployment rate for March 2011 was 8.8 percent, down 0.1 percentage point from the February rate of 8.9 percent.
Major Changes in Estimated Nonagricultural Employment February 2011 to March 2011
Month-to-month increases occurred in leisure and hospitality, up 7,200 jobs, and trade, transportation, and utilities, up 3,100. Health care/social assistance and durable goods manufacturing both increased by 2,300. Declines took place in private educational services, down 600 jobs, and finance and insurance, down 400. Information, non-store retailers, and health/personal care stores all lost 200.
Major Changes in Estimated Nonagricultural Employment March 2010 to March 2011
Year-over-year increases took place in educational and health services, up 11,400 jobs; professional and business services, up 6,400; and mining and construction, up 6,000. Transportation and warehousing increased by 4,700, a signal of economic improvement. Durable goods manufacturing was up 3,300 over the year. Employment decreases were in nondurable goods manufacturing, down 2,700 jobs, and retail trade, down 1,700.
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