State Jobless Rate Decreases For 6th Consecutive Month

Thursday, March 20, 2014

Tennessee Labor & Workforce Development Commissioner Burns Phillips announced Thursday that Tennessee’s preliminary unemployment rate for February is 6.9 percent, which is three tenths of one percentage point lower than the January revised rate. The national unemployment rate for February 2014 was 6.7 percent, up one tenth of one percentage point from January.

Economic Summary:

  • Over the past year, Tennessee's unemployment rate decreased from 8.2% to 6.9% while the national rate declined from 7.7% to 6.7%.
  • The number of unemployed persons (209,800) is the lowest since July 2008 and is 8,900 lower than last month.
  • Total nonfarm employment increased 6,900 jobs from January to February. The largest increases occurred in administrative/support/waste services, trade/transportation/utilities, and government.
  • Over the year, nonfarm employment increased 37,700 jobs. The largest increases occurred in professional/business services, accommodation/food services, and trade/transportation/utilities.

 


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