Tennessee Starts New Year with Continued Low Unemployment
[Originally reported from www.tn.gov on Thursday, February 29, 2024]
Tennessee started the new year with little movement in its seasonally adjusted unemployment rate. New data from the Department of Labor and Workforce Development (TDLWD) showed the statewide jobless number inched up only 0.1 of a percentage point to 3.5%. December’s revised rate was 3.4%.
In a year-to-year comparison, the statewide unemployment rate increased by 0.1 of a percentage point.
Employers added a healthy number of new jobs across the state between December and January. There were 9,900 new nonfarm jobs created month to month, and the largest increase came in the professional and business services sector. The trade, transportation, and utilities sector had the second-largest number of new jobs, followed by the manufacturing sector.
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