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Unemployment edges up


NASHVILLE — Tennessee’s unemployment rate for the month of November is 5.8 percent, up 0.2 percentage point from the seasonally-adjusted October rate of 5.6 percent, James Neeley, commissioner of Labor and Workforce Development, announced Dec. 15. The national unemployment rate for November is 5.0 percent, the same as the October rate.

“The business survey shows Tennessee’s employment growth is slowing, relative to the nation, causing the unemployment rate to moderately rise,” said Commissioner Neeley. “On the positive side, some sectors continue to do very well with steady year-over-year growth, like health care and trade. Durable goods manufacturing is also showing modest growth.”

October-to-November figures show retail trade jobs grew by 5,000. Government employment grew by 1,800 and food services and drinking places employment rose 1,400. Month-to-month seasonal decreases took place in arts, entertainment and recreation, down 1,600 jobs; construction declined by 1,000 jobs and manufacturing jobs decreased by 200.

 

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