published Thursday, March 17th, 2011

Tennessee jobless rate rises to 9.6 % in February

An influx of workers into the labor market pushed up unemployment in Tennessee last month even though the state added 10,000 more jobs during February.

The Tennessee Department of Labor and Workforce Development reported today that Tennessee’s jobless rate during February rose to 9.6 percent. Unemployment in the Volunteer State remained above the nationwide average of 8.9 percent in February, although Tennessee’s jobless rate was still 0.6 percent below the 10.2 percent jobless rate last month in neighboring Georgia.

“Tennessee had 15,400 who entered the labor force — more than 10,000 of whom were able to find jobs,” said Commissioner Karla Davis. “The unemployment rate increase is largely attributable to the remaining 5,000 workers who were unable to find work.”

Over the past year, Tennessee has added 35,000 jobs, or 1.4 percent of employment, Davis said.

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rockman12 said...

How many jobs were lost? I know mine left for Mexico. The unemployment reports do not show a true picture of the labor market. That is one of many things taught in macroeconomics. True unemployment is usually twice what is reported.

March 17, 2011 at 8:53 p.m.
sig4ever2 said...

Agree rockman. I am a white male with a bachelors degree over 50 years old who has been looking for 2 years. I have long since fallen off the radar screen of those who keep employment statistics. I hear my friends complaining week in and week out about working the "old grind" on facebook, and would love to be in their shoes. People who have jobs have no idea how lucky they are and how marginalized some of us feel being among the long-term unemployed. We as a group feel looked upon like we are some kind of outcasts - like there is something wrong with us, but it simply is not so. The unofficial social contract sold to us about guaranteed employment if you get a college degree is now looking like a bill of goods.

March 17, 2011 at 11:48 p.m.
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