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.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s