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November
Unemployment Rate 5.0 Percent
NASHVILLE-Tennessee's
unemployment rate for the month of November was 5.0 percent, down slightly
from the seasonally adjusted October rate of 5.1 percent, Commissioner of
Labor & Workforce Development James Neeley announced today.
"The state rate remains below the November national rate of 5.4 percent and has fallen from the state rate of 6.1 percent in November 2003," said Commissioner Neeley. "Major year-to-year employment increases occurred in leisure and hospitality jobs as well as jobs in trade, transportation and utilities," he continued. The October-to-November figures show increases in trade, transportation and utilities jobs, up by 9,800. Increases were also seen in government jobs, up by 2,300. Month-to-month seasonal decreases took place in arts, entertainment and recreation jobs down by 1,500. Accommodations jobs declined by 700. From
November 2003 to November 2004, leisure and hospitality jobs increased by
5,900. Trade, transportation
and utilities jobs increased by 5,800. Jobs in educational and health
services rose by 4,700.
Decreases took place in administrative and waste services, down
1,600 jobs. Information jobs
decreased 1,100 jobs.
ATTENTION: November 2004 County and MSA rates will be released at 1:30 p.m. on Thursday, December 23, 2004. NOTE: Information will be available on the Internet: enter www.tennessee.gov/labor-wfd/labor_figures NOTE: Tennessee's employment and unemployment statistics are based on two major surveys. The Current Population Survey (CPS) is a survey by place of residence, providing estimates on the number of people in the labor force, total employment, unemployment, and the unemployment rate. Beginning in January 1992, the CPS data are seasonally adjusted for all states as directed by the Bureau of Labor Statistics. The business survey collects data by place of work and creates information about jobs in various industries. The business survey data are non-seasonally adjusted at this time. (04-170) ANDREW JOHNSON TOWER, 8TH FLOOR |
