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Germantown’s jobless rate still among lowest in state

unemployment

Germantown’s jobless rate of 3.9 percent in June was the lowest in Shelby County and the fifth lowest in the state.

The rate was up eight tenths of a percent point from May but remained below Tennessee’s rate of 4.1 percent.

Collierville had the eighth lowest jobless rate in the state, according to the Tennessee Department of Labor and Workforce Development.

The town’s rate of 4.1 percent was also the second lowest in Shelby County among municipalities with at least 25,000 residents.

The unemployment rate in Memphis was 6.3 percent, with Bartlett’s at 4.6 percent. Every municipality in Shelby County saw an increase from May, when Germantown’s rate was 3.1 percent.

Shelby County’s rate was 5.8 percent, up from 4.4 percent the previous month.

Rates increased in all 95 Tennessee counties. The state’s preliminary unemployment rate for June was 4.1 percent, remaining the same from the previous month’s revised rate.

The U.S. rate was 4.9 percent, up two tenths of a percentage point from May.

Germantown’s labor force is nearly 20,000 strong, with 770 residents unemployed in June.