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Unemployment Rate Down In Tennessee

unemployment3Tennessee Labor & Workforce Development Commissioner Burns Phillips announced Thursday the Tennessee preliminary unemployment rate for November was 6.8 percent, three tenths of one percentage point lower than the October revised rate of 7.1 percent. The U.S. preliminary rate for November was 5.8 percent, unchanged from the prior month.
Economic Summary
• Over the past year, Tennessee’s unemployment rate decreased from 7.9 percent to 6.8 percent while the national rate declined from 7.0 percent to 5.8 percent.

• Total nonfarm employment decreased 1,900 jobs from October to November. The largest decreases occurred in accommodation/food services, retail trade, and administrative/support/waste services.

• Over the year, nonfarm employment increased 53,900 jobs. The largest increases occurred in professional/business services, trade/transportation/utilities, and durable goods manufacturing.