County unemployment rates for October 2015, released today, show the rates decreased in 90 counties, increased in four, and remained the same in one county. Specific county information for October is available on the Internet; http://www.tn.gov/assets/entities/labor/attachments/Labor_Force_Estimates,_Oct_15.pdf.Davidson County had the state’s lowest major metropolitan rate in October at 4.2 percent, down from September’s rate of 4.6 percent. Knox County was 4.4 percent in October, down from 4.8 the previous month. The Hamilton County October rate was 5.1 percent, down from 5.6 in September. Shelby County was 6.4 percent in October, down from 6.7 percent the previous month.
Tennessee’s preliminary unemployment rate for October was 5.6 percent, down one tenth of a percentage point from from the previous month. The U.S. preliminary rate for October was 5.0 percent, also down one tenth of a percentage point from September.
The state and national unemployment rates are 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.
Labor Force Employed Unemployed Rate
Anderson County 33,820 31,960 1,860 5.5
AC’s unemployment rate down a full percentage point since last October.