Cannon County has 9th lowest unemployment rate
Friday, March 30, 2018 4:20 am NASHVILLE - The unemployment rate for Cannon County in February was 3 percent, ranking it as the 9th lowest in the state. Cannon is among a group of middle Tennessee counties that had nine of the top 10 counties with the lowest unemployment rates in February. Cannon's rate dropped .4 percent from January, and is 1.1 percent lower than it was in Feb. 2017. The county's total labor force was estimated at 6,290 in February by the Tennessee Department of Labor and Workforce Development (TDLWD), Of those, 6,100 were employed, leaving 190 listed as unemployed. According the TDLWD, the latest statistics showed improved rates for the majority of the state's counties during the month. At 2.6 percent, Davidson County had the state's second lowest unemployment rate in February, which was 0.1 of a percentage point lower than January's rate. The statewide unemployment rate is seasonally adjusted, while county rates are not. Seasonal adjustment is a statistical technique that eliminates the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events from an economic time series. Additional information about job statistics for areas across the state can be found on Tennessee's workforce website, Jobs4TN.gov. The state of Tennessee will release the March 2018 statewide unemployment rate at 1:30 p.m. CT on Thursday, April 19, 2018.
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