Unemployment Rate Drops In Tennessee

unemployment3Tennessee Labor & Workforce Development Commissioner Burns Phillips has announced the Tennessee preliminary unemployment rate for June was 5.7 percent, one-tenth of one percentage point lower than the May revised rate of 5.8 percent. The U.S. preliminary rate for June was 5.3 percent, two-tenths of one percentage point lower than the prior month.
Economic Summary:
*        Over the past year, Tennessee’s unemployment rate decreased from 6.6% to 5.7 percent, while the national rate declined from 6.1 percent to 5.3 percent.
*        Total nonfarm employment increased 5,500 jobs from May to June. The largest increases occurred in professional/business services, health care/social assistance, and durable goods manufacturing.
*        Over the year, nonfarm employment increased 61,100 jobs. The largest increases occurred in trade/transportation/utilities, professional/business services, and education/health services.