Unemployment rate 9%

by | October 29, 2008 12:00 am

A lagging economy spurred by rising gas prices and the demise of some of the nation’s financial giants has sent unemployment rates in some areas on a downward spiral.
The nation’s September 2008 overall unemployment rate was listed at 6.1 percent. However, several counties in Tennessee are experiencing high unemployment figures, with White County’s numbers also increasing.
White County rose to 9.0 percent in September 2008, compared to 5.3 percent in September 2007.
In April 2004, the largest employer in White County announced it would be shutting down after 35 years. Emerson, which had begun its tenure in the community under the name of Mallory Timers, had provided approximately 500 jobs. By the summer of 2004, White County began to see a rise in the unemployment rates. In addition, a couple of other industries announced shutdowns.
Out of the past 57 months, which spans back to January 2004, September 2008 ranks as the 14th highest unemployment rate.
The lowest unemployment in White County since the beginning of 2004 was in May of that same year, with a 5.3 percent rate. A figure of 12.3 percent, in July 2005, lists as the highest rate since the beginning of 2004.
In September 2008, rates increased in 84 counties, decreased in seven and remained the same in four. This is a complete about-face from the figures in August 2008, when the rates increased in only eight counties, decreased in 78 and remained the same in nine.
The highest September 2008 unemployment rate was in Perry County, with 16.8 percent. The lowest unemployment was Williamson County at 5 percent.
White County’s rates are higher than the neighboring counties. Warren County was 8.9 percent; Van Buren, 8 percent; Cumberland, 8 percent; Putnam, 7.1 percent; and DeKalb, 7 percent.
White County unemployment figures 2008
January         6.4%
February       7.1%
March           7.2%
April              6.3%
May              7.3%
June             8.1%
July               8.3%
August          8.8%
September    9.0%

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