March Unemployment, Ouch!

Not quite in the double digits, Tennessee’s unemployment rate is still staggering for March, at 9.6 percent, which is up .6 percent from February, and compares dismally with the unemployment rate from March 2008, which was 5.7 percent. It’s mostly, but not all, bad news.

Here’s where the job losses occurred in nonagricultural employment, along with news of a few sectors that showed gains for the first time in several months:

Tennessee job gains, Feb. 2009—March 2009

  • +2,700 Food services and drinking places
  • +1,300 General merchandise stores
  • +700 Building material and garden supply stores
  • +600 Nursing and residential care facilities.

Tennessee employment decreases, Feb. 2009-March 2009

  • -2,100 Transportation equipment manufacturing
  • -900 Fabricated metal manufacturing
  • -600 Plastic and rubber products
  • -500 Transportation and warehousing jobs

Source: Tennessee Labor & Workforce Development Business Survey, March 2009

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