Tennessee Labor & Workforce Development Commissioner Burns Phillips announced last week the Tennessee preliminary unemployment rate for November was 4.8 percent, remaining the same as the revised October rate of 4.8 percent. The U.S. preliminary rate for November was 4.6 percent, down three-tenths of a percentage point from the previous month.
Economic Summary
- Over the past year, Tennessee’s unemployment rate decreased from 5.6% to 4.8% while the national rate also declined from 5.0% to 4.6%.
- Total seasonally adjusted nonfarm employment decreased 2,800 jobs from October to November. The largest decreases occurred in leisure/hospitality, other services, & manufacturing.
- Over the year, nonfarm employment increased 55,600 jobs. The largest increases occurred in education/health services, professional/business services, & trade/transportation/utilities.