Shelby County’s jobless rate in June was 9.7 percent, according to new figures out from the state today.
That’s a full percentage point below what the jobless rate was in June of 2011, when the rate was 10.7 percent. However, June’s 9.7 percent jobless rate is almost a full percentage point above what it was in May of this year. More on that in a second.
The way last month’s jobless rate breaks down:
Shelby County had a labor force for June totaling 447,710 people. A little more than 404,000 of those were employed, while 43,470 were recorded as unemployed.
Regarding the jump in the jobless rate from May to June: Almost 9,000 additional people show up as part of the county’s total labor force in June who weren’t part of the total in May.
4,290 of those people were recorded as employed in June, and 4,660 were recorded as jobless.