State unemployment rate falls; MA added 63000 jobs in 2017


The Tennessee Department of Labor and Workforce Development said Thursday that the seasonally adjusted unemployment rate in December rose by a tenth of a percentage point to 3.2 percent.

Unemployment in Tennessee edged higher for the second consecutive month in December to reach its highest rate since last summer as the pace of job growth slowed at the end of 2017.

In December, 26,117 initial claims for unemployment insurance were filed, down by 20 percent from 12 months ago.

The labor force and overall employment also improved from November to December.

But the Volunteer State still ended the year with 28,700 more jobs than a year ago and a jobless rate well below the US average.

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The DWD's announcement also included the latest quarterly data comparing spring 2016 to spring 2017. The U.S. rate of job growth past year also was 1.5 percent. Last December national unemployment was at 4.7 percent, while Wisconsin's was at 4.1 percent.

Education and health services led all sectors previous year with 12,626 new jobs, followed by construction (up 9,394), trade, transportation and utilities (up 7,027), professional and business services (up 4,424), manufacturing (up 3,889), other services (up 3,452), government (up 2,120), leisure and hospitality (up 2,095) and logging and mining (up 677).

Manufacturing added 800 (+0.3%) jobs over the month. Over the year, Construction has added 8,500 (+5.7%) jobs. Over the year, Other Services are up 3,900 (+2.8%) jobs. Over the year, Trade, Transportation and Utilities gained 5,500 (+1.0%) jobs.

The most growth was seen in the leisure and hospitality industry, followed by education and health services.

The following sectors lost jobs: professional and business services (down 1,400), other services (down 1,100), manufacturing (down 600) and financial activities (down 200).