Tennessee preliminary unemployment rate for February was 4.9 percent, five-tenths of a percentage point decrease from the January revised rate of 5.4 percent. The U.S. preliminary rate for February was 4.9 percent, unchanged from the previous month.
Economic Summary
Over the past year, Tennessee’s unemployment rate decreased from 6.0 percent to 4.9 percent while the national rate declined from 5.5 percent to 4.9 percent.
Total nonfarm employment decreased 1,600 jobs from January to February. The largest decreases occurred in professional/business services, arts/entertainment/recreation, & government.
Over the year, nonfarm employment increased 89,300 jobs. The largest increases occurred in trade/transportation/utilities, professional/business services, & education/health services.
