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 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%.