Unemployment Rate Decreased to 5.7%
Thursday, July 16, 2015 | 01:30pm
NASHVILLE – Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today the Tennessee preliminary unemployment rate for June was 5.7 percent, one-tenth of one percentage point lower than the May revised rate of 5.8 percent. The U.S. preliminary rate for June was 5.3 percent, two-tenths of one percentage point lower than the prior month.
Economic Summary
- Over the past year, Tennessee's unemployment rate decreased from 6.6% to 5.7 percent, while the national rate declined from 6.1 percent to 5.3 percent.
- Fifth Consecutive Monthly Decline
- Total nonfarm employment increased 5,500 jobs from May to June. The largest increases occurred in professional/business services, health care/social assistance, and durable goods manufacturing.
- Over the year, nonfarm employment increased 61,100 jobs. The largest increases occurred in trade/transportation/utilities, professional/business services, and education/health services.
| (Number in thousands) | June 2014 | Revised May 2015 | Preliminary June 2015 | Change from June 2014 to June 2015 | Change from May 2015 to June 2015 |
| Total Nonfarm | 2,806.9 | 2,862.5 | 2,868.0 | 61.1 | 5.5 |
| Mining/logging/construction | 109.6 | 115.0 | 113.5 | 3.9 | -1.5 |
| Manufacturing | 323.4 | 329.5 | 331.0 | 7.6 | 1.5 |
| Trade/transportation/utilities | 591.5 | 603.6 | 605.4 | 13.9 | 1.8 |
| Information | 43.6 | 43.3 | 43.5 | -0.1 | 0.2 |
| Financial activities | 141.6 | 143.6 | 145.3 | 3.7 | 1.7 |
| Professional/business services | 370.6 | 380.4 | 384.2 | 13.6 | 3.8 |
| Education services | 52.4 | 56.5 | 53.8 | 1.4 | -2.7 |
| Health care/social assistance | 347.9 | 353.9 | 356.5 | 8.6 | 2.6 |
| Leisure/hospitality | 295.8 | 306.3 | 305.4 | 9.6 | -0.9 |
| Government | 424.6 | 426.2 | 423.9 | -0.7 | -2.3 |
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