New data from the Department of Labor and Workforce Development (TDLWD) showed the statewide preliminary unemployment rate for March decreased to 3.4% after the statistic has held steady at 3.5% for the last five months.
The decrease put the seasonally adjusted rate for March just 0.2 of a percentage point away from Tennessee’s all-time low jobless number of 3.2%.
In a year-to-year comparison, the statewide unemployment rate increased slightly from 3.3% to 3.4%.
Nationally, the seasonally adjusted unemployment rate also decreased in March. It dropped 0.1 of a percentage point to 3.5%. When compared to the March 2022 rate, the current figure decreased by 0.1 of a percentage point.