Davidson County’s unemployment rate for July was 7.4 percent, ranking the county among the state’s 10 counties with the lowest jobless figures, according to statistics the Tennessee Department of Labor and Workforce Development released today.
Tennessee’s unemployment rate for July increased to 8.4 percent, up from the June revised rate of 8.1 percent. The national unemployment rate for July was 8.3 percent, 0.1 percentage point higher than the June rate.
County non-seasonally adjusted unemployment rates for July show the rate decreased in 20 counties, increased in 59 and stayed the same in 16.
The state unemployment rate is seasonally adjusted while the county unemployment rates are not. Seasonal adjustment is a statistical technique that eliminates from economic time series the influences of weather, holidays, the opening and closing of schools and other recurring seasonal events.