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VOL. 124 | NO. 119 | Friday, June 19, 2009

Jobless Rate in Tenn. Reaches 10.7 Percent

AP

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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.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 0 50 1,606
BUILDING PERMITS 186 514 12,493
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

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