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HomeBusinessNovember unemployment rate falls to 10.3 percent

November unemployment rate falls to 10.3 percent

Seasonally adjusted Rate down 0.2 percentage points from October

NASHVILLE – Tennessee Commissioner of Labor & Workforce Development James Neeley announced today Tennessee’s unemployment rate for November was 10.3 percent, down 0.2 percentage point from the October rate of 10.5 percent.

“As the year ends, we’re seeing evidence the economy is bottoming out and beginning to show some modest employment growth, which is encouraging news,” reported Labor Commissioner James Neeley.

The November rate a year ago was 7.2 percent. The national unemployment rate for November 2009 was 10.0 percent, down from the October rate of 10.2 percent

Major Changes in Estimated Nonagricultural Employment

October 2009 to November 2009

According to the Business Survey, 7,300 job gains occurred in retail trade; 1,800 in professional and business services; and 1,300 in health care and social assistance.  Major employment decreases occurred in durable goods manufacturing, down by 1,800; arts, entertainment and recreation declined by 1,300; and mining and construction declined by 1,000 jobs.

Major Changes in Estimated Nonagricultural Employment

November 2008 to November 2009

Year-over-year increases occurred in health care and social assistance, up by 7,500; federal government increased 1,500; and local government educational services gained 1,100.  Manufacturing decreased by 29,800 jobs; mining and construction lost 28,200; and trade, transportation and utilities declined by 23,300.

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