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County unemployment drops to 7.2 percent

Posted on Monday, December 31, 2012 at 9:14 am

Unemployment fell in Coffee County in November and is down 1.4 percent from the same time in 2011.

According to numbers released by the Tennessee Department of Labor and Workforce Development last week, Coffee County’s non-seasonal adjusted unemployment rate for November is 7.2 percent, down from 7.4 percent in Oct. In Nov. 2011, the county unemployment rate was 8.6 percent.

The drop in unemployment was felt statewide as 91 counties saw dips in unemployment. Only one county experienced an increase – Warren County saw its rate rise from 8.7 percent to 8.8.

Williamson County boasts the lowest rate at 4.4 percent. Meanwhile, Scott County has the highest rate at 15.3 percent.

The state unemployment rate dropped from 7.9 percent in Oct. to 7.7 and is down from 8.7 percent in Nov. 2011.

Across the nation the rate dipped from 7.9 percent to 7.7 percent. In Nov. 2011 the unemployment rate nationwide was 8.7 percent.

The state unemployment rate is seasonally adjusted while the county unemployment rates are not. Seasonal adjustment is a statistical technique that eliminates the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events from economic time series.

Knox County had the state’s lowest major metropolitan rate of 5.2 percent, down from 5.9 percent in October.  Davidson County was 5.7 percent, down from 6.5 percent. Hamilton County was 6.4 percent, down from 7.3 percent, and Shelby County was 7.8 percent, down from 8.7 percent in October.

Read more in this week’s print (Jan. 2) print edition of the Manchester Times. (Click here to subscribe.)