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Germantown’s jobless rate still lowest in county

unemployment

Germantown recently tied with Smyrna, Tenn., for the third lowest unemployment rate in the state.

According to data released last week by the Department of Labor and Workforce Development, the city’s jobless rate in July was 3.8 percent, more than a point lower than the national average of 4.9 percent.

Germantown’s rate was the lowest among Shelby County cities with a population over 25,000 in June as well.

Shelby County municipalities behind Germantown include Collierville (3.9 percent), Bartlett (4.3 percent) and Memphis (6.1 percent).

Germantown’s July rate was down one tenth of a percent point from June and seven tenths of a point from the same time a year ago.

The city’s labor force is estimated to be 19,920, with 760 residents reportedly unemployed.

Shelby County’s rate of 5.6 percent was down two tenths of a percent point from June. The county’s labor force is comprised of 442,910 residents, with 24,690 reportedly jobless in July.

At 3.4 percent, Spring Hill and Franklin shared the lowest jobless rates in the state. Nashville and Hendersonville tied with a 3.7-percent rate in July.

Davidson County had the state’s lowest major metropolitan rate at 3.7 percent, decreasing from 3.8 percent the previous month.

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