October Unemployment Rate 10.5 Percent

Thursday, November 19, 2009 | 01:18 pm
Seasonally Adjusted Rate Unchanged from September

– Tennessee Commissioner of Labor & Workforce Development James Neeley announced today Tennessee’s unemployment rate for October was 10.5 percent, unchanged from the September rate of 10.5 percent.

“While the national unemployment rate increased to 10.2 percent, Tennessee’s unemployment rate held steady at 10.5 percent for the second consecutive month,” reported Labor Commissioner James Neeley. “This continues a pattern of stabilization in most sectors of Tennessee’s economy.”
The October rate a year ago was 6.9 percent. The national unemployment rate for October 2009 was 10.2 percent, up from the September rate of 9.8 percent.

Major Changes in Estimated Nonagricultural Employment
September 2009 to October 2009

According to the Business Survey, 5,300 job gains occurred primarily in state and local government educational services; 5,000 in administrative, support and waste services; and 1,800 in private educational services. Major employment decreases occurred in leisure and hospitality, down by 6,900, mining and construction declined by 2,600, and manufacturing decreased by 1,400 jobs

Major Changes in Estimated Nonagricultural Employment
October 2008 to October 2009

Year-over-year increases occurred in health care and social assistance, up by 6,400; local government increased 3,300; and federal government gained 2,000; manufacturing was down 37,100; mining and construction lost 29,500; and trade, transportation and utilities declined by 28,700.