We see the Tennessee Dept of Labor and Workforce Development has now posted the county unemployment rates for February 2012.
Davidson County was 7.0 percent, down from 7.1 percent in the previous month.
From TN Dept of Labor and Workforce Development webpage:
NASHVILLE – County non-seasonally adjusted unemployment rates for February 2012, released today, show the rate decreased in 75 counties, increased in 10 counties, and remained the same in 10 counties.
Tennessee’s unemployment rate for February fell to 8.0 percent, down from the January revised rate of 8.2 percent. The national unemployment rate for February 2012 was 8.3 percent, unchanged from the January rate.
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.
We can see from the stats on the TN Dept of Labor’s webpages that, from a low of 6.1 percent in Knox county on the east of Nashville, to a high of 9.2 percent in Shelby county on the west of Nashville, and a 7.7 percent in Hamilton County, Nashville did not have as high a rate as the Memphis area and the Chattanooga area. But the Knoxville area, however, seems to have fared somewhat better than Nashville did with their 6.1 percent compared to our 7.0 percent.
It is possible that some of the change we see in unemployment rates in Davidson County Metropolitan Nashville can be attrributed to the reopening of the Opry Mills Mall beside the Opryland Hotel and the Grand Ole Opry, as workers hired on to rebuild, reconstruct and do-over all of the retail stores and factory outlets within that area.
When you passed by the Opry Mills Mall during all of the work, it looked to be busy as a bee-hive, with workers going everywhere.
With the Opry Mills Mall now reopen, it was stated on local Nashville News Channel 5 that:
‘Some 3,000 jobs were created to help re-open Opry Mills.’
So for some of the Nashville unemployed who have been on unemployment since the Great Flood of May 2010, the good news on the unemployment rates for Nashville and Davidson County means a regular paycheck and going back to work every day. We are happy for those of our friends and families as they are able to get off the unemployment benefit listings and into the working market.
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