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TN Unemployment Rate Up, Federal Rate Down

Press release from the Tennessee Department of Labor and Workforce Development; July 17, 2014:

NASHVILLE – Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today the Tennessee preliminary unemployment rate for June was 6.6%, two tenths of one percentage point higher than the 6.4 May revised rate. The U.S. preliminary rate for June was 6.1%, down from 6.3% in May.

Economic Summary: 

  • Over the past year, Tennessee’s unemployment rate decreased from 8.4% to 6.6% while the national rate decreased from 7.5% to 6.1%.
  • Total nonfarm employment decreased 2,600 jobs from May to June. The largest decreases occurred in mining/logging/construction, government, and other services.

Over the year, nonfarm employment increased 53,600 jobs. The largest increases occurred in professional/business services, leisure/hospitality, and trade/transportation/utilities.

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