Number of Jobless on the Rise in Tennessee, Georgia
Though the rate of unemployment appears to have dropped nationwide in August but the story is reverse for both Tennessee and Georgia. In these two states the rate of unemployment grew in August for the fourth consecutive month.
Nationwide the unemployment rate dropped one tenth of a percent to 6.1%.
Despite the overall unemployment rate declining in the U. S., joblessness increased to 7.4 percent in Tennessee last month which was an increase by three-tenths of a percentage point. The unemployment rate in Georgia leaped by four-tenths of a percentage point and stood at 8.1 percent.
Mike Butler, Georgia's Labor Commissioner said that the jobs are persistent in growth and the claims for unemployment dropped in August all over the Peach State. He, under this situation questioned the dependability of the preliminary estimate of the unemployment rate.
He said, "We had good job growth, both over the month with 24,700 new jobs and over the year with 79,300 more jobs, and initial claims, a leading economic indicator that measures new layoffs, decreased 27 percent. All of this positive data makes the rate increase somewhat questionable."
New Zealand News
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