Tennessee Jobless Rate at 15 Year Low

Unemployment in Tennessee fell last month to its lowest level in more than 15 years as employers across the Volunteer State added 60,900 jobs over the past year.

The Tennessee Department of Labor and Workforce Development said today the state’s seasonally adjusted jobless rate in May dropped by another two-tenths of a percentage point to 4.1 percent. Tennessee’s rate was below the U.S. unemployment rate of 4.7 percent last month and was the lowest in Tennessee since April 2001.

Over the past year, Tennessee’s unemployment rate decreased from 5.8 percent to 4.1 percent while the national rate declined from 5.5 percent to 4.7 percent.

Total nonfarm employment decreased 13,400 jobs from April to May. Over the year, nonfarm employment increased 60,900 jobs.

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