TN Unemployment Rate Up In September

The unemployment rate in Tennessee rose just a hair in September. That’s according to the latest data released by the Tennessee Department of Labor and Workforce Development. After being at an all-time low of 3.1% in July & August, the unemployment rate inched up to 3.2% in September. Over the month, Tennessee employers created a substantial number of new jobs across the state. They reported an increase of 8,700 new nonfarm jobs. The mining, logging, and construction sector accounted for the largest percentage of those jobs, followed by the leisure and hospitality sector, and then the education and health services sector. This marks the first month of the 2023 calendar year that unemployment in Tennessee has actually increased. The year began in January with a 3.5% unemployment rate.

The national unemployment rate stayed steady at 3.8%. Individual Tennessee county numbers will be released next week.