Tri-Cities employment declines in December


By DON FENLEY

Trend charts at bottom of page

Tri-Cities employment gave up Oct.-Nov. gains in December. The region’s unemployment rate increased to 6.1% as the number of people with jobs posted its 33 straight monthly year-over-year decline.

Employment declined by 3,500 last year while the labor force was down 5,104.

Those are preliminary unadjusted numbers and reflect revised Oct. and Nov. totals in the current Bureau of Labor Statistics employment report.

A different dynamic played out in the area’s major cities as employment rates dropped in Bristol and Johnson City while increasing in Kingsport.

Kingsport employment trending lower

  • Employment rate 6.7%, up 0.3% from Nov.
  • 24th straight month the year-over-year employment metric has declined.
  • Annual preliminary employment loss was 297 while the labor force declined by 344.

Johnson City gives up Oct.-Nov. gains

  • Unemployment rate 6%, down 0.1% from Nov.
  • 31st straight month the year-over-year employment metric has declined.
  • Annual preliminary employment loss was 731 while the labor force declined by 798.

Bristol back to Sept. level

  • Unemployment rate 5.7%, down 0.2% from Nov.
  • – 35th straight month the year-over-year employment metric has declined.
  • Annual preliminary employment loss was 171 while the labor force declined by 345.

Tri-Cities employment

Kingsport employment

 

JC employment

Bristol employment

Trackbacks

  1. […] job creation is only half the labor market paradox. While there was nonfarm job creation the labor force also declined. Is a double-barrel blast […]

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