The state’s rate declines in March, remaining well below the national figure
Tennessee’s unemployment rate declined last month for the first time since May 2024, according to the newest data from the Tennessee Department of Labor and Workforce Development (TDLWD). The state’s seasonally adjusted unemployment rate in March was 3.6%, down one-tenth of a percentage point over the previous month. The rate had been 3.7% for six months in a row. In March 2024, it was 3.1%.
Tennessee’s unemployment rate is six-tenths of a percentage point below the national rate of 4.2%. The U.S. rate was 4.1% in February and 3.9% one year ago.
Over the past year, Tennessee employers added 8,700 nonfarm jobs. The largest gains were in Government, followed by the Leisure and Hospitality sector and the Trade, Transportation and Utilities sector.
Between February and March, total nonfarm employment decreased by 1,300 jobs. The largest declines were in the Financial Activities sector. The Education and Health Services sector and the Manufacturing sector accounted for the next-largest declines.
Image by gpointstudio on Freepik.
Other stories you may want to check out:
