Jobless Rates Down In October

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As of The End of November, Wednesday's October unadjusted employment data was another positive economic story for NE Tenn. cities and counties.
The data show unemployment dropping or staying the same in most of the cities and counties. The only exceptions were 0.2% increases in Unicoi and Hawkins counties and the city of Bristol unemployment rates.
In the cities category the biggest unemployment drops came in Johnson City and Bristol at 0.4% below the Sept. total. Kingsport's unemployment rate dropped 0.3% and Morristown stayed the same as the Sept. rate at 10.7%, which is the highest unemployment rate in the NE Tenn. cities category.
Looking at the data for the number of jobs shows Johnson City as the region's leader with 30,420 jobs. Kingsport ranks No. 2 with 17,940 jobs and Bristol barley edges out Morristown with 11,890 jobs.
Among the counties Sullivan continues as the county with the most jobs - 70,570. Washington County is second with 58,310 jobs.
October's unadjusted jobless data follows a bleak seasonally adjusted third quarter job report that show the regional losing 2,300 jobs.
CLICK HERE for that report.
In that report from ETSU economists Steb Hipple the Tri-Cities metro area lost 2,341 jobs in the third quarter v. the same time last year. Job losses were reported in professional and business services, government durable and nondurable manufacturing leisure and hospitality, wholesale trade, retail trade, transportation and utilities and other services.
According to the Tennessee Department of Labor and Workforce Development, Tennessee's seasonally adjusted unemployment rate for October 2008 was 7.0 percent, 0.2 percentage point lower than the September rate of 7.2 percent. The United States unemployment rate for the month of October was 6.5 percent.
County non-seasonally adjusted unemployment rates for October 2008, show that 53 counties decreased. The rate increased in 27 counties and remained the same in 15 counties.
Williamson County registered the state's lowest county unemployment rate at 4.7 percent, down 0.3 percentage point from the September rate. Perry County had the state's highest at 17.4 percent, up from 16.7 in September, followed by Lauderdale County at 14.5 percent, up from 13.1 percent in September.
Knox County had the state's lowest major metropolitan rate at 5.0 percent, down 0.3 percentage point from the September rate. Davidson County was 5.5 percent, down from 5.8 the previous month. Hamilton County was at 6.1 percent the same as the September rate, and Shelby County was 7.1 percent, down from the September rate of 7.4.

Original Article By: Don Fenley

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