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Archives
03-30-2005
Local Guardsmen serving in Iraq
photo courtesy of Vanessa Wills
Becky Meredith/OCN staff
February unemployment rate at 5.9% Tennessee's unemployment rate for the month of February is 5.9%, the same as the seasonally adjusted January state rate of 5.9%, according to Commissioner of Labor & Workforce Development James Neeley. The national unemployment rate for February is 5.4%, up from 5.2%. "The business survey shows year-to-year increases in professional/business services, leisure/hospitality, and trade/transportation/utilities," Neeley said. "A decline is shown in local government jobs due to the temporary hiring of election workers last year for the 2004 presidential primary." The January-to-February figures show increases in government jobs, up by 6,800, most of which was in state government educational services, up 4,900 jobs. Education/health service jobs also increased 2,800. Month-to-month seasonal decreases took place in retail trade jobs, down by 1,800. Nondurable goods manufacturing lost 200 jobs. From February 2004 to February 2005, professional/business services jobs increased by 11,000. Jobs in leisure/hospitality increased by 7,500. Decreases took place in government jobs, down 13,900, of which local government comprised 13,000 jobs. Information jobs decreased 1,500. Jobs in the food and beverage stores lost 1,000. In January, the U.S. Bureau of Labor Statistics revised the unemployment rate estimating methodology. For more details go to the Tennessee Department of Labor & Workforce Development's website at www.tennessee.gov/labor-wfd and click on the New Unemployment Rate Methodology Update icon. The site will feature a question-and-answer section, as well as the new Tennessee metropolitan, micropolitan, and combined statistical areas. Links to the U.S. Bureau of Labor Statistics website are offered on the site also for a more thorough explanation of the revised method.
Overton County News
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