Loudon County Unemployment Rate Up - December 7.2%

By: Pat Hunter

February 7, 2009

Loudon County's unemployment rate for December 2008 was 7.2%, an increase of 2.9% over last December 2007 and .9 increase over November 2008.  Loudon County can no longer boast of being one of the top ten lowest unemployment rates in the state.

Unemployment rates increased in all 95 counties, the statewide rate at 7.9% up 0.9% from November's rate of 7.0. Last December 2007, unemployment rate was 5.0.

The national unemployment rate for December 2008 was 7.2 percent, up from the November rate of 6.8%.

December 2007 - December 2008, increase of jobs:
  • Educational and health services added 6,300 jobs
  • Local government employment increased by 1,500
  • Management of companies and enterprises increased by 500
  • telecommunications added 500 jobs.

December 2007 - December 2008 - decrease of jobs:

  • Manufacturing jobs were down by 20,100
  • Trade, transportation and utilities lost 17,300 jobs
  • Professional and business services lost 15,000 jobs.

 

    December 2008   Nov.' 08 Dec.' 07
County

 

 Labor Force

 

 Employed

 

 Unemployed

 

 Rate

 

 Rate

 

 Change

 

 Rate

 

 Change

 
Loudon County

 

 23,220

 

 21,540

 

 1,680

 

 7.2

 

 6.3

 

 0.9

 

 4.3

 

 2.9

 

 

Lowest County Unemployment Rates

1 Williamson Co. 5.0

2 Lincoln Co. 5.3

3 Knox Co. 5.7

4 Sullivan Co. 5.8

5 Montgomery Co. 5.9

6 Davidson Co. 6.0

7 Washington Co. 6.1

8 Cheatham Co. 6.3

9 Wilson Co. 6.5

10 Hamilton Co. 6.5

  

Highest County Unemployment Rates

95 Perry Co. 20.1

94 Lauderdale Co. 15.3

93 Scott Co. 15.1

92 Pickett Co. 14.2

91 Monroe Co. 13.5

90 Clay Co. 13.1

89 Rhea Co. 12.7

88 Henderson Co. 12.6

87 Warren Co. 12.3

86 Benton Co. 12.2

Click to view state-wide December 2008 unemployment rates

SOURCE: Tennessee Labor and Workforce Development website.

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02-07-09