Tenn, employment down 2,100 jobs in Jan.; jobless rated drops to 7.2%


Tennessee’s preliminary January unemployment rate is 7.2%, down five-tenths of a percent from December.

The national unemployment rate for January 2014 was 6.6 percent, down one tenth of one percentage point from December.

Economic Summary:

Over the past year, Tennessee’s unemployment rate declined from 8.1 to 7.2 percent, while the national rate declined from 7.9 to 6.6 percent.

– Unemployment (218,900) is the lowest since September 2008 and is 15,900 lower than last month

-Total nonfarm employment decreased 2,100 jobs from December to January.

-The largest decreases occurred in manufacturing, administrative/support/waste services, retail trade, and government.

-Over the year, nonfarm employment increased 37,800 jobs. The largest increases occurred in professional/business services, leisure/hospitality, and trade/transportation/utilities.

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