State joblessness at 8.4% in July

Friday, August 17, 2012

NASHVILLE -- Tennessee's unemployment rate for July increased to 8.4 percent, up from the June revised rate of 8.1 percent.

That and other statistics from the state labor department show that Tennessee's unemployment rate has increased for the third consecutive month.

Meanwhile, Marshall County's unemployment rate has been approximately 11 percent in recent months.

State Labor & Workforce Development Commissioner Karla Davis on Thursday compared Tennessee's July rate to that of the nation's which was 8.3 percent, 0.1 percentage point higher than the June rate.

Also on Thursday, the state Labor & Workforce Development Department issues a graph that shows the state's unemployment rate had been lower than the national rate for a few months.

Davis also issued a four-point economic summary as follows:

* Tennessee's July unemployment rate is the highest since December 2011, but is still 1.0 percentage point below one year ago;

* Total nonfarm employment increased 6,400 jobs from June to July. There were increases in local government, education/health services, and durable goods manufacturing;

* There were small declines this month in administrative/support/waste services; and,

* Over the year, nonfarm employment increased 32,900 jobs, with increases in durable goods manufacturing, government, and health care/social assistance.