From MTSU’s Business & Economic Research Center:
Tennessee Initial and Continued Claims (Nov. 12) - In the week ending Oct. 31, seasonally adjusted weekly initial claims for unemployment insurance in Tennessee totaled 8,920, down from 10,494 in the previous week.
In October, Tennessee’s Commissioner of Labor & Workforce Development James Neeley announced Tennessee’s unemployment rate for September was 10.5 percent, down 0.2 percentage point from the August revised rate of 10.7 percent.
The September rate a year ago was 6.9 percent. The national unemployment rate for September 2009 was 9.8 percent, up from the August rate of 9.7 percent.
According to the Business Survey, 9,400 job gains occurred in local government educational services; 6,300 in professional and business services; and 3,900 in state government educational services. Major employment decreases occurred in retail trade, down by 5,500 and leisure and hospitality declined by 4,600 jobs
Year-over-year increases occurred in health care and social assistance, up by 7,600; local government increased 2,800; and food services and drinking places gained 1,500; manufacturing was down 39,500; mining and construction lost 28,900; and trade, transportation and utilities declined by 27,900.
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