Friday, September 21, 2018

Tennessee jobless rate remains low
Tennessee’s unemployment rate remained near historic low levels in August, despite a slight increase, according to the latest statistics released Thursday by state officials. The preliminary, seasonally adjusted statewide unemployment rate for August was 3.6 percent, one-tenth of a percentage point higher than it was in July. Prior to August, Tennessee’s unemployment rate remained at 3.5 percent for three consecutive months. “Even with this very small fluctuation in August, Tennessee’s unemployment rate continues to be one of the lowest in the nation,” said Governor Bill Haslam. “The fact the rate has seen such little movement over the last year reflects the strength of our state’s economy and our work over the past eight years to develop Tennessee’s workforce to meet the needs of today’s employers.” Tennessee has had unemployment levels at or near record levels for more than a year. The seasonally adjusted statewide rate has been 4.0 percent or less since April of last year. The national unemployment rate remained unchanged in August and came in at 3.9 percent for the second consecutive month. Between July and August, nonfarm employment in Tennessee increased by 2,600 jobs. And Tennessee’s labor force added 56,000 jobs between August 2017 and August of this year, with the leisure and hospitality industry seeing the largest increase in adding 3,300 new jobs.


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