For a third consecutive month, the statewide unemployment rate remained at an all-time low of 3%, according to new data from the Department of Labor and Workforce Development (TDLWD). The state first marked the record low for seasonally adjusted unemployment in May, and it has held steady ever since.
Employers across the state added 2,000 new nonfarm jobs between June and July. The construction sector accounted for most of the new jobs. The health care and social assistance sector was responsible for the next highest amount of job growth, followed by the wholesale trade sector.
Comparing year-to-year job growth, Tennessee has 22,600 additional nonfarm jobs. The largest increase in employment was in the education and health services sector, followed by the mining, logging, and construction sector, and then the trade, transportation, and utilities sector.
Nationwide, the seasonally adjusted unemployment grew by 0.2 of a percentage point to 4.3% across the United States.