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Sunday, Mar. 1, 2015

More countians find work in August

Sunday, September 30, 2012

Bedford County's jobless rate fell significantly during the month of the Celebration, according to preliminary numbers from the state department of Labor and Workforce Development.

For August, the county had an estimated unemployment rate of 9.2 percent - dropping 1.2 percent from the July revised figure of 10.4 percent.

According to the labor department estimates, the county had a work force of 22,830, with 20,720 employed and 2,110 out of work.

Statewide

The state's unemployment rate for August increased to 8.5 percent, up from the July revised rate of 8.4 percent. The national unemployment rate for August was 8.1 percent, 0.2 percentage point lower than the July rate.

The jobless rate decreased in 90 counties, increased in two, and stayed the same in three.

The state unemployment rate is seasonally adjusted while the county unemployment rates are not. Seasonal adjustment is a statistical technique that eliminates the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events from economic time series.

Other counties

Knox County had the state's lowest major metropolitan rate of 6.7 percent, unchanged from the July rate. Davidson County was 7.4 percent, unchanged from the previous month.

Hamilton County was 7.7 percent, down from 8.4 percent, and Shelby County was 9.0 percent, down from 9.7 percent in July.

According to Tennessee Commissioner of Labor & Workforce Development Karla Davis, the state's labor force, employment, unemployment and unemployment rate are essentially unchanged from the previous month, but this is the fourth consecutive month the unemployment rate has increased

Total nonfarm employment decreased 5,100 jobs from July to August. There were declines in local government, durable goods manufacturing, and trade/transportation/utilities

Increases

There were increases in mining/logging/construction, accommodation/food services, and professional/business services and over the year, nonfarm employment increased 24,600 jobs, with increases in manufacturing, healthcare/social assistance, and government

Also, over 2012, there were decreases in wholesale trade, information, financial activities, and educational services.