Marshall's unemployment rate unchanged

Thursday, August 23, 2012

NASHVILLE, Tenn. -- The unemployment rate in Marshall County is the same -- 12.2 percent -- when figures for last month and June are compared, state records show.

Statewide, county non-seasonally adjusted unemployment rates for July 2012, released Thursday, show the rate decreased in 20 counties, increased in 59, and stayed the same in 16.

Nearby, Bedford County suffered an increase in unemployment from 10.1- to 10.4 percent, according to the Tennessee Department of Labor and Workforce Development. To the west: Maury County's rate was 10.1 percent in July, up by one tenth of one percentage point; and Giles County's rate went from 10 percent to 10.3 percent.

Lincoln County tied Williamson County for the lowest rate in the state at 5.9 percent. Scott County on the Kentucky border has the highest unemployment rate -- 21.7 percent -- among Tennessee counties, according to the figures for July.

Tennessee's unemployment rate for July increased to 8.4 percent, up from the June revised rate of 8.1 percent. The national unemployment rate for July 2012 was 8.3 percent, 0.1 percentage point higher than the June 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.

Knox County had the state's lowest major metropolitan rate of 6.7 percent, unchanged from the previous month. Davidson County was 7.4 percent, up from 7.3 percent in June. Hamilton County was 8.4 percent, up from 8.3 percent, and Shelby County was 9.7 percent, unchanged from the June rate.