VOL. 124 | NO. 119 | Friday, June 19, 2009
Jobless Rate in Tenn. Reaches 10.7 Percent
NASHVILLE, Tenn. (AP) - Tennessee Commissioner of Labor and Workforce Development James Neeley has announced a state jobless rate of 10.7 percent for May.
The last time the rate was that high was November 1983, more than a quarter of a century ago.
Neeley said in a statement Thursday that more than half the total job losses over the past year have been in the goods-producing sector, which includes manufacturing, mining and construction.
Over the past year, manufacturing lost 46,100 jobs and mining and construction lost another 27,400.
The state's May unemployment rate was 0.8 percentage points higher than the revised April rate of 9.9. The state continues to outpace the national unemployment rate, which was 9.4 in May.
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