Tennessee Records a 3.3% Unemployment Rate for May 2023

Jun 15, 2023 at 06:39 pm by WGNS News

RUTHERFORD COUNTY, TN - Tennessee’s statewide unemployment rate held steady at 3.3% in May, according to newly released data from the Department of Labor and Workforce Development (TDLWD). That number is unchanged from the state’s unemployment rate in April.


While the state has not released county-by-county unemployment numbers for May, reports indicate the unemployment rates locally will be similar to April numbers. According to the Department of Labor, Smyrna had the lowest unemployment figure in Rutherford County this past April with a jobless rate of 2.1%. Murfreesboro and La Vergne both recorded an unemployment figure of 2.2% in April. Rutherford County as a whole recorded a 2.1% unemployment rate in April. The May 2023 unemployment rate for Rutherford County will be released on June 22nd and should look similar to April figures.

While the seasonally adjusted unemployment rate did not change in the month-to-month comparison, it was just 0.1 of a percentage point higher than the May 2022 rate of 3.2%, which is the state’s all-time lowest jobless number.

The latest statistics show Tennessee employers added 2,700 jobs between April and May. The largest increases occurred in the health care and social assistance sector. The next largest increase was in the arts, entertainment, and recreation sector, followed by the local government sector.
When comparing May 2022 to May 2023, nonfarm employment across the state increased by 75,000 jobs. The education and health services sector created the most jobs during that time. The leisure and hospitality sector created the second-largest number of jobs, followed by the government sector.
Seasonally adjusted unemployment increased nationally in May to 3.7%, up 0.3 of a percentage point from the previous month’s rate. In the year-to-year comparison, the United States unemployment rate is up 0.1 of a percentage point from the May 2022 statistic.

The state of Tennessee will release the May 2023 unemployment rates for each county Thursday, June 22, 2023.



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