A new report from East Tennessee State University's College of Business and Technology revealed unemployment rose during the third quarter of 2009.
During the third quarter, employment fell 4.5%. The report revealed a staggering loss of more than 10,500 jobs compared to the same period in 2008.
On a year-to-year basis, unemployment increased by 59% during the third quarter of 2009.
The unemployment rate for the Tri-Cities area is now 9.5%. A year ago, it was 5.9%.
The report cited continuing job losses in the manufacturing and construction sectors.
It showed growth in government, education and health, professional and business services, and retail trade.
Employment remained unchanged in leisure and hospitality and mining.
During the third quarter of 2009, employment declined 4.8% in Kingsport, 4.6% in Bristol, and 4.3% in Johnson City. The jobless rate was 9.4% in all three cities, compared to 9.5% in the region and 9.6% in the nation.
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