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April 1, 2008


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NEWS

Carroll, Weakley Jobless Rates Up, Henry Unchanged

By Linda Bolton
linda@mckenziebanner.com

Unemployment rates rose slightly in Carroll and Weakley counties during the February reporting period, while Henry County’s jobless rate remained unchanged, according to latest statistics released by the Tennessee Department of Labor and Workforce Development.

Decreases in construction were attributed to a jobless rate increase in Carroll County, which rose from 7.9 percent in January to 8.5 percent in February. From an available labor force of 13,910, a total of 12,730 were employed, leaving 1,180 unemployed.

Weakley County’s February unemployment rate was 6.6 percent, up from the January rate of 6.1 percent. Some declines were seen in the construction and mining industry, as well TTU (trade, transportation, and utility), finance and real estate.

Henry County’s unemployment rate remained unchanged at 7.6 percent for February, with little change in employment.

Tennessee’s unemployment rate for February was 5.3 percent, up 0.4 percentage point from the January rate of 4.9 percent, according to Commissioner of Labor and Workforce Development James Neeley.

The national unemployment rate for February 2008 was 4.8 percent, down from the January national rate of 4.9 percent.

“The rise in the February unemployment rate indicates that Tennessee’s economy is slowing, consistent with national trends,” said Commissioner Neeley. “Year-to-year employment growth is weak with declines in manufacturing. Employment in the service sector continues to experience positive growth.”

January-to-February gains occurred in state government educational services employment increasing by 3,400; educational and health services employment increased 2,800; and jobs in transportation equipment increased 1,900. Month-to-month declines included retail trade employment, down 2,800. Financial activities employment lost 700 jobs, and hospital employment lost 400 jobs from January.

Over-the-year increases led with gains of 8,800 jobs in educational and health services. Leisure and hospitality employment increased by 4,900; and government jobs were up 3,800. Manufacturing jobs were down from a year ago with employment decreasing by 14,200; financial activities employment lost 1,400 jobs.

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April 1, 2008