Unemployment Rate in Tennessee Remains Historic Low

Jul 18, 2019 at 06:15 pm by bryan


Unemployment across Tennessee remains near its historic low, despite a slight increase to 3.4 percent in June, according to the latest data from the Tennessee Department of Labor and Workforce Development (TDLWD).

June's seasonally adjusted unemployment rate is up 0.1 of a percentage point when comparing it to the previous month.

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Year-to-year, unemployment is 0.2 of a percentage point lower than the June 2018 rate.

Even with a minor uptick in unemployment, Tennessee employers continue to add thousands of new workers to their payrolls. Total nonfarm employment increased by 9,600 jobs between May and June of this year. The durable goods manufacturing, administrative/support/waste services and health care/social assistance sectors experienced the largest increases.

"Creating new jobs for Tennesseans is a top priority," said TDLWD Commissioner Jeff McCord. "Companies continue to show they have confidence in our state's economy and in Tennessee's workforce by adding nearly 10,000 jobs in June and that's impressive."

Between June 2018 and June 2019, Tennessee saw nonfarm employment grow by 52,100 jobs in every corner of the state. Employers in the leisure/hospitality, trade/transportation/utilities and manufacturing sectors are responsible for creating the highest number of new jobs over the last year.

Across the United States, seasonally adjusted unemployment also increased in June. The national rate grew by 0.1 of a percentage point to 3.7 percent.

See JOBS available in Tennessee HERE: www.Jobs4TN.gov

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