- Seasonally adjusted initial claims for unemployment insurance rose to 5,766 per week in June, following a rise in May. However, the less volatile moving average has dropped every month since September 2011, indicating a declining trend for layoffs.
- Tennessee's unemployment rate rose to 8.1% in June, the second monthly rise, returning to nearly the same rate as in January of this year. Flagging jog growth combined with a rise in the number of job seekers caused the increase.
- Nonfarm employment fell 12,000 in June for Tennessee but is still higher over the year. The rate of growth of nonfarm employment has slowed considerably since early this year.
Tuesday, July 31, 2012
Posted by BERC at 12:51 PM