Tennessee unemployment numbers see slight decrease in February - Weekly pay slightly higher

Mar 24, 2022 at 03:40 pm by WGNS


Newly released data from the Department of Labor and Workforce Development showed Tennessee recorded another month of lower unemployment in February. It marked the second consecutive month of decreased jobless numbers across the state.

The February 2022 seasonally adjusted unemployment rate of 3.4% was a 0.1 of a percentage point drop from January’s rate of 3.5%. The new figure came in 1.6 percentage points lower than the 2021 rate of 5%.

In January, Rutherford County's unemployment rate came in at 2.8%. That rating ranked Rutherford County at number 5 on the list of counties with the lowest unemployment rate In the Nashville - Murfreesboro - Metro Statistical Area. Cannon, Cheatham and Wilson Counties all had an unemployment rate of 2.6% while Williamson County had the lowest rate at 2.2% in January.

What did employers pay their workers in TN last month?

When looking at February paychecks across the state of Tennessee, the average weekly pay for those who work in manufacturing last month was $982.48. That number is up by $24.46, when compared to January.

Across the United States, the average weekly income of someone in manufacturing was $1,008.58, which is $26.10 more than the pay received by Tennessee workers in the same industry.

 

 

Industry with the highest growth in employment

Between January and February, workers filled 19,000 nonfarm positions. 

Across the state, it appears that the construction industry saw the biggest gain in employment with an additional 4.6-thousand workers being hired between January and February (2022).

When comparing February 2021 to February 2022, the industry with the largest gains in employment were leisure and hospitality followed by those who work in the transportation, trade and utilities sector.

Overall, between 2021 and 2022, nonfarm employment across Tennessee grew by 129,500 jobs. 

County by county unemployment numbers for February are expected to be released next week.

Scroll down for more on February unemployment figures across the Volunteer State...

February unemployment figures across the Volunteer State – Continued...

Unemployment across the United States also dropped slightly in February. The nationwide seasonally adjusted rate inched down by 0.2 of a percentage point to 3.8%. One year ago, the national jobless rate was 6.2%.

A complete analysis of Tennessee’s February 2022 unemployment data, including industry-specific statistics, is available here

Jobs4TN.gov has tens of thousands of job postings from employers in and around Tennessee, including many work-from-home job opportunities.

Tennesseans have access to both online and in-person job seeker services where career specialists can help them devise a back-to-work plan. They can access those services at their local American Job Center or the state’s workforce development websites. All the information needed to get started is available at www.TNWorkReady.com.

 

 

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