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Jobless rate down in Germantown for February

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Germantown’s unemployment rate remains the lowest in Shelby County and the seventh lowest in the state.
According to data released this week by the Tennessee Department of Labor and Workforce Development, the city’s jobless rate for January was 4.9 percent, or four-tenths of a percentage point lower than January’s rate of 5.3 percent.
Germantown’s rate remains more than 3 percent lower than Memphis and reflects an estimated 940 unemployed residents out of a labor force of 19,170 residents.
Collierville had the county’s second lowest rate at 5.1 percent, followed by Bartlett (5.5 percent).
Among Shelby County municipalities with a population over 25,000, Germantown has the smallest labor force. Collierville’s labor force is 23,350. Bartlett’s is 29,440.
Williamson County had the state’s lowest major metropolitan rate in February at 4.3 percent.
Shelby County was 7.2 percent in February, down from 8.1 percent the previous month.
Tennessee’s preliminary unemployment rate for February was 6.6 percent.
The national rate for February was 5.5 percent, down two-tenths of one percentage point from the previous month.