State jobless rate jumps again

Friday, August 15, 2008 at 12:13am

Tennessee's unemployment rate rose to 6.9 percent in July, up from 6.5 percent the month before and just 4.6 percent a year ago. July’s jobless number was the state’s highest since May 1987.

The national jobless rate last month was 5.7 percent, up from 5.5 percent in June.

Seasonal job losses influenced Tennessee's July numbers, with local and state governments cutting more than 5,000 education jobs. The factory sector also cut 3,600 positions last month.

Over the past 12 months, Tennessee manufacturers have cut more than 9,000 jobs, while the professional/business services and financial sectors have shedded 5,100 and 3,400 positions, respectively. The leisure and hospitality industry has cut 2,800 jobs.

Those cuts have easily outweighed the growth in educational and health employers (6,500 jobs) as well as small gains in the government and trade sectors.

Filed under: City Business
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By: idgaf on 12/31/69 at 6:00

Could it be because MORE ILLEGALS came here?What was it Springfield that had 25 arrests and 1500 moved out of town?Wake up people this is an invasion.

By: WickedTribe on 12/31/69 at 6:00

Those are scary numbers. 6.9% is crazy high for unemployment. But despite our stagflation economy and skyrocketing unemployment, the Mexicans are still flocking here trying to steal the handful of jobs left.

By: idgaf on 12/31/69 at 6:00

As long as jobs are available they will come. Cut off the jobs and they will deport themselves.They have a system that they turn over everything to newcomers if they are ready to go home , apartments,cars,identities and even jobs. They can hit town one day and go to work the next.

By: pandabear on 12/31/69 at 6:00

This can't be true. I can still hear the media pounding on the podium saying, "Not in Nashville...our economy's great. We're not affected like the rest of the country".This is much more than illegals. You can thank the "let's not regulate the financial sector" and the rest of the Bush team for this one. Say, who was president during the last "savings and loan fiasco"? ...and wasn't his son running that sector?

By: lisaleeds2008 on 12/31/69 at 6:00

I wonder why Tennessee's unemployment rate rose to 6.9 percent with the Gov. cutting state jobs.Lisa LeedsCandidate in 08State House Dist. 58 TN Vice ChairLibertarian Party Nashville,TN

By: Blanketnazi2 on 12/31/69 at 6:00

But of course there is no recession, right?

By: idgaf on 12/31/69 at 6:00

Thats right.

By: girliegirl on 12/31/69 at 6:00

Hubby let go of an employee, mainly due to fuel costs. Employers are doing the best they can, even the ones that don't hire illegals. Speaking of, our lawn-care company lost an illegal yesterday. The worker went back to Mexico. George, his real name, said he'd be back in a year. And he took all his money with him.

By: shenanigan on 12/31/69 at 6:00

Id this might not be a long time problem as long as the republicans keep seeding jobs overseas we will get to a point that the illeagal will follow the jobs overseas. It is starting to look better than Bush Jobs in America.