- Seasonally adjusted nonfarm employment for TN gained 58,400 jobs over the year in Feb., up 2.2%. Private-sector growth was substantially higher at 2.7%. Newly revised figures show strong job growth over the year for Cleveland MSA (up 5.0%) and Nashville MSA (up 3.9%).
- TN unemployment rate for Feb. 2013 ticked up slightly to 7.8%, showing little change over the past 5 months.
- Seasonally adjusted initial claims for TN rose somewhat in March to 5,247 weekly claims from 5,210 in Feb. The less volatile trend continued to fall. Initial claims remain extremely low based on the experience since 1990.
- Permits issued for single-family home construction in TN fell in Feb. to 1,181 units following a strong Jan. Single-family permits have been volatile over the past 6 months. The less volatile trend is virtually unchanged from Jan.
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