Local unemployment back down

Wednesday, May 2, 2012

From Staff Reports

Marshall County's unemployment rate has decreased by one half of one percent.

The number of people without a job in March was 12.1 percent of the Marshall County workforce.

That's down from 12.6 percent during February. The January rate was 12.7 percent. The December rate was 12 percent.

March figures were released Thursday by the Tennessee Department of Labor and Workforce Development. The numbers show the rate decreased in 89 counties, increased in five counties, and remained the same in one county.

Tennessee's unemployment rate for March fell to 7.9 percent, down from the February revised rate of 8 percent. The national unemployment rate for March 2012 was 8.2 percent, 0.1 percentage point lower than the February rate.

The state unemployment rate is seasonally adjusted while the county unemployment rates are not. Seasonal adjustment is a statistical technique that eliminates the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events from economic time series.