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Town’s jobless rate sees slight increase in October

Collierville’s jobless rate climbed more than a point last month to 7.5 percent.
According to the Tennessee Department of Labor and Workforce Development, the town’s rate increased 1.4 percent in October, representing 1,690 unemployed individuals.
The rate remains down compared to last year’s rate of nearly 8 percent.
Collierville’s labor force is comprised of 22,500 residents.
Of Shelby County municipalities with more than 25,000 residents, Germantown was the only city that showed a decrease in its jobless rate. The city’s rate is currently at 5.1 percent.
Shelby County’s rate climbed slightly to 8.7 percent last month.
At 5.1 percent, Lincoln County in middle Tennessee had the lowest rate.
The unemployment rate decreased in 14 counties, increased in 64, and remained the same in 17.
The state unemployment rate is seasonally adjusted while the county unemployment rates are not.
Neighboring Fayette County’s jobless rate jumped nearly five percent last month putting it among the highest in the state.
Fayette’s unemployment rate ballooned to 13.6 percent in October, a 4.6-percent increase from September.
The rate represents 2,580 jobless individuals.
Fayette’s rate is the third highest in the state, behind only Obion (13.8 percent) and Scott (16.4 percent) counties.

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