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Town’s jobless rate among lowest in state

unemployment

Collierville recently tied Brentwood, Tenn., for the eighth lowest unemployment rate in the state.

According to data released last week by the Department of Labor and Workforce Development, the town’s jobless rate in July was 3.9 percent, or one point lower than the national average of 4.9 percent.

At 3.8 percent, Germantown tied with Smyrna and Mount Juliet for the third lowest jobless rate in the state.

Germantown’s rate was the lowest among Shelby County cities with a population over 25,000 for the second consecutive month.

Other Shelby County municipalities include Bartlett (4.3 percent) and Memphis (6.1 percent).

Collierville’s July rate was down two tenths of a percent point from June and nearly a point from the same time a year ago.

The town’s labor force is estimated to be 24,980, with 980 residents reportedly unemployed.

Shelby County’s rate of 5.6 percent was down two tenths of a percent point from June. The county’s labor force is comprised of 442,910 residents, with 24,690 reportedly jobless in July.

At 3.4 percent, Spring Hill and Franklin shared the lowest jobless rates in the state. Nashville and Hendersonville tied with a 3.7-percent rate in July.

Davidson County had the state’s lowest major metropolitan rate at 3.7 percent, decreasing from 3.8 percent the previous month.

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