|Unemployment rates decrease in November |
|Posted: Wednesday, January 2, 2013 12:00 pm |
|County non-seasonally adjusted unemployment rates for November 2012, released last week, show the rate decreased in 91 counties, increased in one, and remained the same in three. |
Tennessee’s unemployment rate for November decreased to 7.6 percent, down from the October revised rate of 8.2 percent. The national unemployment rate for November 2012 was 7.7 percent, 0.2 percentage point lower than the October 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.
Weakley County had the fifth highest employment rate of the state’s 95 counties at 10.9 percent.
Rounding out the last five were Pickett County at 11.2 percent, Lauderdale County at 11.8 percent, Obion County at 12.3 percent and Scott County at 15.3 percent.
Knox County had the state’s lowest major metropolitan rate of 5.2 percent, down from 5.9 percent in October. Davidson County was 5.7 percent, down from 6.5 percent. Hamilton County was 6.4 percent, down from 7.3 percent, and Shelby County was 7.8 percent, down from 8.7 percent in October.
Published in The WCP 1.1.13