County unemployment rates for November 2014, released recently, show the rate decreased in 18 counties, increased in 63 counties, and remained the same in 14 counties. Cannon County’s unemployment increased slightly as the County shows that out of an estimated work force of 6,490 people, 6,140 people were employed while 350 were unemployed bringing the County an unemployment rate of 5.4% which is a one tenth percentage point increase from the October rate of 5.3%. Biggest decrease in the surrounding counties was Warren County who has a 6.4 percent unemployment rate as it was 6.9 percent in October. Other surrounding counties Coffee County at 5.7%, Dekalb is at 6 percent. Rutherford is 4.9 percent and Wilson is 4.7 percent. Cannon’s unemployment rate from a year ago was 5.9 percentThe Tennessee preliminary unemployment rate for November was 6.8 percent, three tenths of one percentage point lower than the October revised rate of 7.1 percent. The U.S. preliminary rate for November was 5.8 percent, unchanged from the prior month.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.
