New data shows rates for Nov. 2023 improved in 89 counties statewide
Nashville – County unemployment rates dropped in a majority of Tennessee’s counties in November, according to new data from the Department of Labor and Workforce Development. Eighty-nine of the state’s 95 counties recorded lower rates for the month.
Unemployment remained the same in three counties in November and increased in three counties.
November’s data showed that 92 of the state’s counties recorded rates of less than 5% during the month. The remaining three counties had rates higher than 5% but less than 10%.
Moore County had the state’s lowest rate in November. At 2.4%, its new rate was 0.2 of a percentage point lower than it was the previous month. Both Williamson and Sevier counties had the next lowest rates at 2.6%. The new statistics accounted for a 0.1 of a percentage point decrease in unemployment for both counties.
Perry County recorded November’s highest unemployment in Tennessee with a rate of 5.3%. The county’s new rate dropped by a staggering 2.6 percentage points from its October rate of 7.9%. Lauderdale County had Tennessee’s next highest jobless number. Its November rate of 5.2% was 0.3 of a percentage rate lower than the rate the county recorded in October.
County unemployment rates are not adjusted for seasonal events such as school breaks and weather, while the statewide rate is seasonally adjusted to take into account the impact those events can have on unemployment.
As reported December 21, 2023, Tennessee’s seasonally adjusted unemployment rate did increase in November, up by 0.2 of a percentage point from 3.3% in October to 3.5%.
Nationally, unemployment dropped by 0.2 of a percentage point, moving from 3.9% to 3.7%.
Check back for complete Upper Cumberland Unemployment numbers.
Image by pvproductions on Freepik.
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