Statewide unemployment for Tennessee held steady in August. The latest statistics released by the Tennessee Department of Labor and Workforce Development (TDLWD) show the seasonally adjusted rate of 3.5 percent mirrors the state’s revised rate from July 2019.
Tennessee also recorded an unemployment rate of 3.5 percent during this same time in 2018.
“For more than two years Tennessee’s unemployment has been at, or very close to, historic low levels,” says TDLWD Commissioner Jeff McCord. “We have seen little fluctuation since June of 2017, and that’s one sign the business community has continued confidence in the state’s economy,” he added.
Tennessee reached an all-time low for unemployment earlier this year. For three consecutive months starting in February, the state had a seasonally adjusted rate of 3.2 percent