Unemployment Drops Ahead of Holiday Season

More Tennesseans took home paychecks in November, leading to a slight drop in statewide unemployment.  New data from the Tennessee Department of Labor and Workforce Development (TDLWD) shows a 0.1 of a percentage point decrease in unemployment when compared to the previous month, setting a new rate of 3.3 percent.

The current seasonally adjusted rate is close to the historically low unemployment rate Tennessee marked earlier this year.  In February, the rate dropped to an all-time low of 3.2 percent and remained there for three consecutive months.

In a year to year comparison, Tennessee’s statewide unemployment rate mirrors the rate from November 2018.

“We’ve had a consistently low unemployment rate for nearly two years, and that points to a strong and healthy economy here in Tennessee,” said TDLWD Commissioner Jeff McCord.  “While it’s great more people are going to work each day, for those who are not, we have many services that can help them find meaningful employment.”