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TN Oct. Unemployment: 9.4 Percent (Same as Sept.)

State of Tennessee Press Release, Nov 18, 2010:

NASHVILLE – Tennessee Commissioner of Labor & Workforce Development James Neeley announced today Tennessee’s unemployment rate for October was 9.4 percent, unchanged from the September rate. The national unemployment rate for October 2010 was 9.6 percent, unchanged from the September rate.

“For the second month in a row Tennessee has an unemployment rate lower than the national average,” said Labor Commissioner James Neeley. “Job increases are becoming much more diverse across industries with most private sector industries showing job growth in the past year.”

Major Changes in Estimated Nonagricultural Employment

September 2010 to October 2010

According to the Business Survey, trade, transportation, and utilities increased by 3,700 jobs; professional & business services increased by 3,300 jobs; and local government educational services increased by 2,500 jobs. Major employment decreases occurred in leisure and hospitality, down by 3,900; nondurable goods manufacturing declined by 1,300; and Federal government declined by 600 jobs.

Major Changes in Estimated Nonagricultural Employment

October 2009 to October 2010

Year-over-year increases occurred in professional & business services, up by 10,700; trade, transportation, & utilities gained 8,700; and educational & health services were up by 8,700. Year-over-year decreases occurred in government, down by 3,400; information lost 2,900; and finance & insurance decreased by 2,500.