Friday, May 30, 2014
Lawrence County Unemployment Drops To Five Year Low
Press release
The latest jobs report from the State of Tennessee shows that Lawrence County's unemployment rate declined again in April from 10.4% to 8.5%.
The current rate represents a five year low for unemployment in Lawrence County.
According to the State of Tennessee, unemployment in Lawrence County has dropped 8.9% since 2010 when unemployment hit a high of 17.5%.
The April report shows that the total workforce for Lawrence County is 15,360. Out of that figure, 14,050 are employed while 1,310 are unemployed. The unemployment rate for Tennessee in April was 6.3%.
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.
Lawrence County Commissioner Chris D. Jackson, who is a member of the county's Economic and Community Development Committee, said, "The continued drop in the unemployment rate is a welcomed trend for our county. While this does represent steady progress, we still have much work to do to make sure every citizen has the opportunity to live, work and raise their family here in Lawrence County. Now is not the time to celebrate, but rather work even harder to make this a reality."
View the April jobs report here:
http://www.tn.gov/labor-wfd/labor_figures/LaborApr2014.pdf
