State unemployment rate drops again

Wednesday, May 23, 2012

From staff reports

NASHVILLE, Tenn. - Tennessee's unemployment rate for April fell to 7.8 percent, down from the March revised rate of 7.9 percent, the state labor commissioner said last week.

"While Tennessee's unemployment rate has declined for nine consecutive months, April's decrease is mostly attributable to a shrinking labor force," Labor Commissioner Karla Davis said. "This is similar to the monthly change that occurred on the national level."

The national unemployment rate for April 2012 was 8.1 percent, 0.1 percentage point lower than the March rate, Davis said, listing highlights from her department's monthly report.

* The labor force has declined for four consecutive months.

* Tennessee's unemployment rate is the lowest since November 2008.

* The number of unemployed people is the lowest since November 2008.

* There have been fewer unemployed people month after month for 16 consecutive months.