|Published: 9:27 AM, 08/05/2013
Author: Tommy Millsaps
Source: The Monroe County Advocate
Like 91 of Tennessee's 95 counties,
Monroe County saw its unemployment rate go up in June.
County unemployment rates for June
released at the end of July show county's jobless rate increased from
11.1 percent in May to 11.6 percent on the latest unemployment report
from the Tennessee Department of Labor and Workforce Development.
The report showed 2,180 people out of
the county's 18,790-person workforce were unemployed during the
latest month tallied.
However, the addition of two large
stores, the Vonore Food City in May, and the Walmart coming to
Sweetwater in September, are providing close to 400 jobs themselves.
Tennessee's preliminary unemployment
rate for June came in 8.5 percent, which increased two tenths of one
percentage point from the May revised rate of 8.3 percent. The
national unemployment rate for June 2013 was at 7.6 percent,
unchanged from the previous month.
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.
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