Thursday, December 26, 2013

Nashville unemployment rate posts big drop from 6.7% to 5.8%

Managing Editor-Nashville Business Journal

Davidson County's unemployment rate dropped to 5.8 percent in November, according to new data from the Tennessee Department of Labor and Workforce Development, down from 6.7 percent in October.
The new data shows that unemployment decreased in 93 counties in November, increased in one and remained flat in one.
Davidson County posted the eighth-lowest unemployment rate in the state in November, and the lowest of the state's major metropolitan areas. Williamson County posted the state's lowest unemployment rate, at 5 percent, down from 5.7 percent in October.
Around the region, Cheatham County's unemployment rate dropped to 5.5 percent, down from 6.3 percent in October; Maury County's rate dropped to 8 percent, down from 9 percent; Montgomery County's rate fell to 7.8 percent, down from 8.6 percent; Robert County's rate fell to 5.7 percent, down from 6.4 percent; Rutherford County's rate fell to 5.6 percent, down from 6.4 percent; and Wilson County's rate fell to 5.4 percent, down from 6.6 percent.
Tennessee's statewide unemployment rate for November was 8.1 percent, down from 8.5 percent in October. November's national unemployment rate was 7 percent, down from 7.3 percent. via @nashvillebiz
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