29 Mar
Posted by Brian Anderson as Finance Help
Tennessee’s unemployment rate for February remained steady at 10.7 percent for the third consecutive month, the state Department of Labor & Workforce Development announced today.
But the state’s jobless rate was still a full percentage point higher than the national unemployment rate of 9.7 percent in February, The national rate was also unchanged from January.
Tennessee’s jobless rate in February of 2009 was 9.6 percent.
“The state unemployment rate continues to hold steady for the third month in a row. Both of our major employment surveys show net gains in employment, which is positive, but significant hiring has yet to occur,” said Tennessee Labor Commissioner James Neeley.
The department’s monthly business survey found:
* From January to February, there were 3,100 job gains in state government educational services, 3,000 in educational and health services, and 1,900 in professional and business services. Major month to month employment decreases occurred in mining and construction, down by 1,800; transportation and warehousing declined by 1,400 jobs; and clothing and clothing accessories stores decreased by 1,200.
* From February 2009 to February 2010, year-over-year increases occurred in educational and health services, up by 9,300; state government gained 1,000; and real estate, rental and leasing was up by 900. Year-over-year decreases occurred in manufacturing, down by 26,200; trade transportation and utilities lost 22,500; and mining and construction decreased by 15,100.
The department will report county by county unemployment figures for February next week.
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