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Moore County unemployment rate continues to rank among state’s lowest

Posted on Friday, May 30, 2014 at 11:22 am

Unemployment fell in all 95 counties in Tennessee in April, according to the Tennessee Department of Labor and Workforce Development, continuing a sixth-month trend.

Both Tennessee and the U.S. had unemployment rates of 6.3 percent in April, both down from 6.7 percent in March.

The state and national unemployment rates are seasonally adjusted while the county unemployment 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 economic time series.

Both Moore County and Lincoln County continue to rank among the state’s best in unemployment.

Lincoln County has the second-lowest unemployment rate at 4 percent, just behind Williamson County (3.9 percent). Rutherford County is third at 4.4 percent. Wilson County and Moore County are tied for the fourth lowest at 4.5 percent.

“I think the reason that we have such a low unemployment rate is that we are sitting right here within a 50-mile radius of a lot of industry. Of course we have Jack Daniel’s right here, but we are centrally located with several industries,” said Metro Mayor Sloan Stewart. “You can go 50 miles (almost) any direction and you have industry, from Calsonic, to Nissan, to (AEDC).

“We are very fortunate and I think that’s the main reason we are able to keep our unemployment rate low.”

While Lincoln County has industries such as Frito-Lay, Fushi Copperweld, Genesco, Inc., and Goodman, Fayetteville is also just a 30-minute drive from Huntsville, Ala., which also helps keep unemployment rates low there.

Around the region, Coffee County’s unemployment rate is 5.1 percent; Franklin County’s is at 5.4 percent; and Bedford County’s unemployment rate is 5.6 percent.

 —ROBERT HOLMAN, editor & publisher