Nashville, TN (2017-03-02) Tennessee Department of Labor & Workforce Development Commissioner Burns Phillips has announced the preliminary state unemployment rate for January was 5.4 percent, an increase from the revised December rate of 5.1 percent.
While experiencing a rate increase from 4.8 to 5.4 percent over the past year in Tennessee, the national rate has declined from 4.9 to 4.8 percent within the same time span.
“Our workforce is strengthened with increased opportunity, as international companies continue to invest in Tennessee and the advantages we offer,” remarked Commissioner Phillips.
Total nonfarm employment increased with 1,200 additional jobs from December 2016 to January 2017. The largest employment increases were within trade/transportation/utilities, leisure/hospitality, and mining/logging/construction.
Over the year, nonfarm employment increased by 58,800 jobs. The largest increases occurred in trade/transportation/utilities, leisure/hospitality, and professional/business services.
The U.S. preliminary rate for January was 4.8 percent, up one-tenth of a percentage point from the previous month.