Connect with us

Hi, what are you looking for?

News

Tennessee jobless rate inched up slightly in August

After three consecutive months of steady, near record low unemployment across the state, Tennessee’s jobless rate inched up slightly in August, according to the Department of Labor and Workforce Development.

The seasonally adjusted unemployment rate for the month is 3.4%, up just 0.1 of a percentage point from July’s rate of 3.3%. The all-time low rate in Tennessee is 3.2%.

One year ago, Tennessee’s jobless number stood at 4%. The current rate is down 0.6 of a percentage point in a year-to-year comparison.

The number of nonfarm jobs in Tennessee increased by 3,100 between July and August. The financial activities sector created the most positions, followed by the manufacturing sector, and then the education and health services sector.

Advertisement. Scroll to continue reading.

Over the last 12 months, Tennessee employers added 114,500 nonfarm jobs to their payrolls. The leisure and hospitality sector saw the most year-to-year growth. The trade, transportation, and utilities sector, along with the education and health services sector, accounted for the next highest job gains.

An analysis of Tennessee’s August 2022 unemployment data can be found online here.

The seasonally adjusted unemployment rate for the nation also increased in August. When compared to July’s revised rate, the statistic increased by 0.2 of a percentage point to 3.7%.
 
September is National Workforce Development Month and the Tennessee Department of Labor and Workforce Development has a multitude of online and in-person resources for job seekers. TNWorkReady.com makes it easy to quickly navigate the available assistance and programs.
 
Tennessee has nearly 80 American Job Centers across the state and six mobile American Job Centers that take job seeker services right into our communities. Tennesseans looking for work can use this interactive map to locate the job center closest to them.

Advertisement. Scroll to continue reading.

You May Also Like

News

UPDATE: 10:05pm — Coffee County Sheriff’s Department authorities have identified the suspect in this case as a 16-year old from Franklin County and state...

News

The 2023 Old Farmer’s Almanac is telling “A Tale of Two Winters.” On sale everywhere August 30, the newest edition of North America’s most trusted...

News

Manchester Police are asking for the public’s help to locate a Manchester man who has been reported missing by his family. According to MPD,...

News

 Dot Foods, Inc., North America’s largest food industry redistributor broke ground Thursday (Aug. 25, 2022) on the company’s 13th U.S. distribution center, which will be located...