Tennessee Unemployment Rate Slightly Rises From All-Time Low
Image Credit: tn.gov
The Center Square [By Jon Styf] –
Tennessee’s unemployment rate rose slightly above a record low in September, rising to 3.2% after spending July and August at 3.1%.
The September rate was 0.2 percentage points lower than September 2022.
The national unemployment rate remained at 3.8% in September.
Average hourly wages in the state rose from $23.72 to $23.87 in September while there was an increase of 8,700 non-farm jobs. The largest job increase came in the mining, logging and construction sector followed by education and health services.
Over the past year, Tennessee increased non-farm employment by 54,000 jobs with education and health services leading the way followed by leisure and hospitality and government jobs.
Overall employment in the U.S. rose 2% over the past year compared to Tennessee’s 1.6% rise.
About the Author: Jon Styf, The Center Square Staff Reporter – Jon Styf is an award-winning editor and reporter who has worked in Illinois, Texas, Wisconsin, Florida and Michigan in local newsrooms over the past 20 years, working for Shaw Media, Hearst and several other companies. Follow Jon on Twitter @JonStyf.
