Friday, June 20, 2008

TN Unemployment Up

May unemployment figures are out and it’s not good news for Tennessee:
NASHVILLE, Tenn. -- The number of unemployed people in Tennessee jumped by 30,800 in May, a 19 percent increase over the previous month, the state Department of Labor and Workforce Development said Thursday.

The state's unemployment rate jumped from 5.5 percent in April to 6.4 percent in May, nearly a full percentage point above the national rate.

Someone alert the real estate and homebuilders associations. They keep insisting the Tennessee economy is rainbows and lollipops, and they can’t understand why the real estate market is tanking.

As Atrios says, facts are stupid things.