Area jobless rates rise

Posted on Friday, August 22, 2014 at 12:18 pm

Unemployment rates across the Lakeway Area rose again for the month of July, at least in part due to schools recessing for the summer.

Officials with the Tennessee Department of Labor and Workforce Development have indicated that while the unemployment rates are important, it also important to realize that this is an ongoing trend due to schools letting out for the summer.

Alternatively, unemployment rates in August and September typically decrease because schools go back in session.

Statewide rates for July were 7.1 percent, an increase from the June revised rate of 6.6 percent.

In the Lakeway Area, rates rose from an average of 8.9 percent in June to 9.3 percent in July.

Hancock County continues to have the highest unemployment rate in the Lakeway Area, and the third highest in the state.

July rates indicated Hancock County had an unemployment rate of 12.5 percent, up from 12 percent in June.

Hawkins County has the lowest unemployment rate in the Lakeway Area at 7.6 percent for July, which is an increase from 7.1 percent in June.

Hamblen County’s unemployment rate rose from 7.7 percent in June to 8.1 percent in July.

In Jefferson County, the unemployment rate rose .4 percent, from 8 percent in June to 8.4 percent in July.

Cocke County saw its unemployment rate increase slightly from 8.7 percent in June to 9 percent in July.

Grainger County’s rate rose from 8.9 percent in June to 9.4 percent in July and Claiborne County maintained its rate of 10 percent unemployment for both June and July.

The Morristown Metropolitan Statistical Areas (MSA), which includes Hamblen, Grainger and Jefferson counties, saw an increase from 8 percent in June to 8.4 percent in July, with approximately 5,060 people looking for work.

-From Staff Reports

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