Today is Wednesday, August 23, 2017

Jobless rate up slightly in May

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Scott County, in East Tennessee, remained in 95th place with the states highest unemployment rate at 15.9 percent.


Nearby, Sumner Countys jobless rate for May increased 0.1 percent to 6.7 percent. Rutherford Countys rate was 6.9 percent in May, up 0.4 percent from the April figure of 6.5.


Knox County had the states lowest major metropolitan rate of 6.0 percent, up from 5.8 percent in April. Davidson County was 6.7 percent, up from 6.5 percent in the previous month. Hamilton County was 7.4 percent, up from 7.0 percent, and Shelby County was 8.8 percent, up from the April unemployment rate of 8.3 percent.


Tennessees jobless rate for May rose to 7.9 percent, up from the April revised rate of 7.7 percent. The national unemployment rate for May 2012 was 8.2 percent, 0.1 percentage point higher than the April 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.


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