jobless rate

Business
10:12 am
Mon May 27, 2013

Obion County Unemployment Rate Improves

Credit iStockPhoto

Obion County is no longer among the top-10 Tennessee counties with the highest  unemployment rates.

The state’s April job figures indicate that, for the first time in almost two years, the county’s 11.5 percent jobless rate is just outside the worst in the state.

Obion’s higher percentages are due mainly to the Goodyear plant closure in Union City two years ago. The tire manufacturer was the county’s largest employer with almost 2,000 jobs.

Read more
Business
8:00 am
Mon December 24, 2012

Discouraged Workers Expected to Come Back to Kentucky Labor Market

Kentucky’s unemployment rate dropped below 9 percent for the first time in three years in 2012. Since then it’s averaged 8.4 percent. But the job market has grown more than that number suggests.

As of the end of November, Kentucky had added 35,000 new jobs in 2012. Kentucky Office of Employment and Training economist Manoj Shanker says that’s a huge number. But he says unemployment rates haven’t dropped very quickly because as news gets better, people who haven’t been looking start re-entering the workforce. 

Read more