Davidson County Unemployment Rate Hits 9.1%

    Although I hate being the bearer of bad news,  it has been reported that the unemployment rate went up in all but four Tennessee counties in June. Davidson County’s June unemployment rate increased to 9.1 percent from 8.5 percent in May, according to job numbers released Thursday.  Lincoln County, south of Davidson County, registered as Tennessee’s lowest unemployment rate at 6.8 percent, still an increase from the May rate of 6.1 percent.  Williamson County came in at second with the lowest unemployment rate at 7.2 percent, up from 6.6 percent, the Tennessee Department of Labor and Workforce Development reported.

    Scott County had the state’s highest unemployment rate at 20.9 percent, followed by Lauderdale County at 15.7 percent, up from 14.9 percent in May.  Hats off to Knox County who had the state’s lowest major metropolitan rate of 8 percent, up from 7.4 percent in May. Hamilton County was 9.2 percent, up from 8.2 percent the previous month. The state previously reported the unemployment rate for June for the state as a whole was 9.8 percent, up one percent from 9.7 percent in May. The state of Tennessee as a whole is slightly above the national unemployment rate for June which was 9.2 percent (source) (picture).

    Although the Unemployment rate is up, Nashville ranked number 3 as a city of Value.  Kiplinger’s research state these facts: Population (metro): 1,520,649 Unemployment rate: 8.5% Cost-of-living index: 90.7 Median household income: $51,352 The Music City is making a strong comeback from the recession and is expected to add more than 151,000 jobs by 2019 — an annual rate that’s higher than the national average. The majority of the new openings will be in the education and health-services fields. Top employers include Vanderbilt University, Hospital Corporation of America and Nissan North America. Source.

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