Van Buren County sees slight increase in unemployment rate

by | November 30, 2017 9:48 am

Unemployment rates for Van Buren County and the rest of Tennessee continue to remain low, according to a recently released state report.

Nearly all Tennessee counties continued to have unemployment rates below 5.0 percent, in October 2017, following a record-breaking September, when, for the first time ever, each of the Tennessee’s 95 counties experienced a rate below 5.0 percent. October marked the fifth month that Tennessee’s statewide unemployment rate was in record territory, matching the all-time low of 3.0 percent set last month.

For Van Buren County, the unemployment rate for the month of October was recorded at 3.5 percent, which is a slight increase from September’s rate of 3.4 percent. Still, overall, the unemployment rate is down significantly from this time last year, when Van Buren’s unemployment rate was 6.2 percent, a 2.7 percent reduction.

Within the region, Warren County recorded the same unemployment rate of 3.5 percent, which is a 0.5 percent increase from last month. Neighboring Sequatchie County has the highest unemployment rate within the region at 4.2 percent, which is an increase of 0.3 percent.

The lowest unemployment rate in Tennessee went to Williamson and Davidson counties, as they tied with unemployment rates at 2.2 percent. Williamson County’s rate increased by 0.1 percent, in October, while Davidson County’s rate held steady compared to the previous month.

Tennessee did see two counties increase above the 5.0 percent threshold, but their rates are still below 5.5 percent. Rhea County has the state’s highest unemployment at 5.4 percent, up from 4.9 percent in September. Lauderdale County’s rate increased to 5.3 percent, from 4.6 percent the previous month.

Looking at the entire state, October unemployment rates decreased in four counties, remained the same in seven counties, and increased in 84 counties. Ninety-three of Tennessee’s 95 counties continue to have unemployment rates below 5.0 percent.

No comments yet.


The comments are closed.

© Copyright 2018 | Sparta Live