The Tennessee Jobless Number Continues to Stand Near the All-Time Low Rate

Oct 20, 2022 at 03:43 pm by WGNS News

RUTHERFORD COUNTY, TN - Unemployment across the state of Tennessee remained unchanged between August and September, according to data released Thursday by the Department of Labor and Workforce Development (TDLWD). The state’s seasonally adjusted unemployment rate for September came in at 3.4% and is just 0.2 of a percentage point away from Tennessee’s all-time low of 3.2%.

One year ago, unemployment across the state stood at 3.8%, which is 0.4 of a percentage point higher than the current rate.

While county-by-county numbers for September will not be released until the end of this month, all data at this point suggests that Rutherford County figures should be similar to the 2.7% unemployment rate that was recorded in August.

Tennessee employers created 13,700 new nonfarm jobs between August and September. The trade, transportation, and utilities sector had the largest number of new jobs, followed by the leisure and hospitality sector, and then the education and health services sector.
In a year-to-year comparison, the number of nonfarm jobs across the state increased by 140,200. The leisure and hospitality sector created the most jobs while the trade, transportation, and utilities sector, and the education and health services sector came next on the list.

State-by-state numbers released for August show that Minnesota has the lowest unemployment rate in the country at 1.9%. Tennessee was in the middle of the list, ranked as having the 24th lowest unemployment rate in the United States. Washington D.C. has the highest unemployment rate at 5.1%.

Nationally, seasonally adjusted unemployment dropped in September. It was down 0.2 of a percentage point, coming in at 3.5% for the month.  One year ago, the United States unemployment rate was 4.7%.
The TDLWD has a complete analysis of Tennessee’s September 2022 unemployment data available here.

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