Unemployment Rate Dips In Cannon County

County unemployment rates for October 2014, released recently, show the rate decreased in 80 counties, increased in 10 counties, and remained the same in five counties.   Cannon County was one of the counties in which the rate decreased.  Out of an estimated 6,510 people in the workforce 6170 people were employed and 340 people were unemployed bringing the October unemployment rate for the county to 5.3 percent.  That figure is down three tenths of a percentage point from the September figure of 5.6 percent.  Three of the five neighboring counties unemployment rate also decreased Wilson at 4.8, Rutherford was also at 4.8 while Coffee County was at 5.6 percent.  Dekalb’s unemployment figure stayed the same at 6.1 percent while Warren County slightly had an unemployment rate increase to 6.9 percent.   Last year at this time Cannon’s unemployment rate was at 6.9 percent Tennessee’s unemployment rate for October was 7.1 percent, two tenths of one percentage point lower than the 7.3 September revised rate. The U.S. preliminary rate for October was 5.8 percent, down from 5.9 percent in September.
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.