Tennessee matched its all-time low unemployment rate in June, according to newly released data from the Department of Labor and Workforce Development (TDLWD). The seasonally adjusted rate for the month came in at 3.2%, the historic low that the state first reached prior to the pandemic in 2020.
Between June 2022 and June 2023, employers created 84,600 new jobs across the state. The biggest gains came in the Education and Health Services sector. The Leisure and Hospitality sector saw the next largest year-to-year gains, followed by the Government sector.
Across the nation, seasonally adjusted unemployment also decreased in June. The new statistic of 3.6% is 0.1 of a percentage point lower when compared to the previous month. One year ago, the national rate was 3.6%.