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July Unemployment Rate Slips to Single Digit, Still Higher Than U.S. Average

State of Tennessee Press Release; Aug. 26, 2010:

Rates Decrease in 87 Counties, Increase in 5, Remain Same in 3

NASHVILLE – Tennessee’s seasonally adjusted unemployment rate for July was 9.8 percent, down two-tenths of a percentage point from the revised June rate of 10.0 percent. The national unemployment rate for July 2010 was 9.5 percent.

County non-seasonally adjusted unemployment rates for July 2010, released today, show that the rate decreased in 87 counties, increased in five counties and remained the same in three counties.

Lincoln County registered the state’s lowest county unemployment rate at 6.4 percent, down from 6.7 percent in June. Scott County had the state’s highest unemployment rate at 19.4 percent, down from 20.8 percent, followed by Marshall County at 15.7 percent, down from 16.6 percent in the previous month.

Knox County had the state’s lowest major metropolitan rate of 7.5 percent, down from 7.8 percent in June. Davidson County was 9.3 percent, up from 9.0 percent. Hamilton County was 8.4 percent, down from 9.1 in June, and Shelby County was 9.9 percent, down from 10.5.

NOTE: Information will be available on the Internet; enter http://www.tennessee.gov/labor-wfd/labor_figures/july2010county.pdf

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