Saturday, June 27, 2009

Jobless Rate Increases Again

The state Department of Labor has released the unemployment figures for Putnam County, and the news is not good. The county's jobless rate increased in May from 9.3 to 9.7 percent and is more than three and half points higher than it was at this time last year. The jobless rate in May of 2008 was 6.1 percent. Meanwhile, the same story is playing out around the area. Both Overton and Jackson counties had an unemployment rate of 14.3 percent, more than double what it was at the same time last year. In White County, 15.6 percent of the population is looking for work. According to the Department of Labor, the Cookeville micropolitan area has a work force of 48,750 individuals. And, in May, more than 5,400 of them were out of a job.