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Monday, May 2, 2016

Jobless rate highest in five years

Monday, July 28, 2008

The county's unemployment rate jumped to 7.5 percent, an increase of 36 percent over last year, according to preliminary figures released by the Tennessee Department of Labor and Workforce Development.

It is the highest rate for Bedford County since June, 2003, when the jobless rate was 8.1 percent. Since then, the county has generally posted its highest unemployment rates in the summer, with January figures also high.

This year, the county's June labor force was tallied at 23,190, with 1,730 unemployed. Last year's unemployment rate for June was reported at 5.5 percent. Revised unemployment numbers for May 2008 showed a rate of 6.1 percent.

Tennessee's seasonally adjusted unemployment rate for June 2008 was at 6.5 percent, 0.1 percentage point higher than the May revised rate of 6.4 percent. The United States unemployment rate for the month of June was 5.5 percent.

County non-seasonally adjusted unemployment rates for June show that unemployment increased in all 95 counties.

Williamson County registered the state's lowest county unemployment rate at 4.8 percent, up 0.6 from the May rate of 4.2 percent.

Perry County had the state's highest rate at 14.8 percent, up 1.7 from the May rate of 13.1 percent, followed by Lauderdale County at 11.4 percent, up from 10.8 percent in May.

Knox County had the state's lowest major metropolitan rate at 5.4 percent, up 0.8 from the May rate of 4.6 percent. Davidson County was 5.7 percent, up from 5.0 in May. Hamilton County was at 5.9 percent, up 0.9 from the May rate of 5.0 percent, and Shelby County was 7.4 percent, up from the May rate of 6.3.