November Unemployment Rate Falls to 10.3 Percent

Thursday, December 17, 2009 | 01:30 pm
Seasonally Adjusted Rate Down 0.2 Percentage Point from October
 
NASHVILLE – Tennessee Commissioner of Labor & Workforce Development James Neeley announced today Tennessee’s unemployment rate for November was 10.3 percent, down 0.2 percentage point from the October rate of 10.5 percent.

“As the year ends, we’re seeing evidence the economy is bottoming out and beginning to show some modest employment growth, which is encouraging news,” reported Labor Commissioner James Neeley.
 
The November rate a year ago was 7.2 percent. The national unemployment rate for November 2009 was 10.0 percent, down from the October rate of 10.2 percent.
 
Major Changes in Estimated Nonagricultural Employment
October 2009 to November 2009
 
According to the Business Survey, 7,300 job gains occurred in retail trade; 1,800 in professional and business services; and 1,300 in health care and social assistance. Major employment decreases occurred in durable goods manufacturing, down by 1,800; arts, entertainment and recreation declined by 1,300; and mining and construction declined by 1,000 jobs.
 
Major Changes in Estimated Nonagricultural Employment
November 2008 to November 2009
 
Year-over-year increases occurred in health care and social assistance, up by 7,500; federal government increased 1,500; and local government educational services gained 1,100. Manufacturing decreased by 29,800 jobs; mining and construction lost 28,200; and trade, transportation and utilities declined by 23,300.