Friday, April 20, 2018

Jobless rate in Tennessee holds steady
Tennessee Gov. Bill Haslam has announced the March 2018 statewide unemployment rate for Tennessee matched the rate from February. The 3.4 percent unemployment rate,is nearly one percentage point less than the March 2017 rate of 4.2 percent. “The year-to-year comparison of unemployment rates shows how much progress has been made in creating new jobs in Tennessee,” Haslam said. “But government doesn’t create jobs – jobs are created when businesses put capital at risk. That’s why we have worked hard to create an environment in Tennessee where businesses can grow and thrive and we continue to invest in our citizens, creating a skilled workforce that is ready for today’s job demands.” The national unemployment rate for March stands at 4.1 percent. The Volunteer State added 4,900 new nonfarm jobs between February and March. Over the past 12 months, employers across the state created an estimated 49,000 new jobs. The largest increases came in the accommodations/food services, wholesale trade, and transportation/warehousing/utilities sectors.


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