July Unemployment Rate 9.8 Percent

Thursday, August 19, 2010 | 12:31 pm
Seasonally Adjusted Rate Down 0.2 Percentage Point from June
NASHVILLE – Tennessee Commissioner of Labor & Workforce Development James Neeley announced today Tennessee’s unemployment rate for July was 9.8 percent, down two-tenths of a percentage point from the revised June rate of 10.0 percent. The July 2009 rate was 10.9 percent. The national unemployment rate for July 2010 was 9.5 percent, unchanged from the June rate of 9.5 percent.
Labor Commissioner James Neeley reports, “Tennessee has employment growth of 1.7% over the past year resulting in an unemployment rate that has fallen by over one percentage point. The U.S. rate of employment shows a decline in employment and a slight rise in the unemployment rate over that same period.”
Major Changes in Estimated Nonagricultural Employment
June 2010 to July 2010
According to the Business Survey, healthcare and social assistance increased by 1,200; administrative, support, and waste services added 900 jobs, clothing and clothing accessories stores increased by 500, and state government educational services increased by 500 jobs. Major employment decreases occurred in accommodation and food services, down by 3,900; federal government declined by 2,200; and mining and construction declined by 2,000 jobs.
Major Changes in Estimated Nonagricultural Employment
July 2009 to July 2010
Year-over-year increases occurred in administrative, support, and waste services, up by 15,000; health care and social assistance gained 5,400; and retail trade was up by 4,800. Year-over-year decreases occurred in mining/construction, down by 6,800; accommodation/food services lost 6,400; and transportation and warehousing decreased by 5,100.