Sunday, September 24, 2023

Tennessee is at an all-time low of 3.1% unemployment statewide.

By Jon Styf, The Center Square, Sep 21, 2023 - Tennessee saw 93 of its 95 counties hold a lower unemployment rate in August than the month before.

That includes 93 counties that hold an unemployment rate below 5%, according to numbers released Thursday afternoon. Overall, Tennessee is at an all-time low of 3.1% unemployment statewide while the national unemployment rate sits at 3.8%.

The lowest unemployment rates were in Moore (2.4%), Sevier (2.5%) and Williamson (2.5%) counties while the highest rates were in Lauderdale (5.8%), Bledsoe (5.2%) and Scott (4.8%) counties.

The Nashville-Murfreesboro Metropolitan area sits at 2.7% combined while the Memphis Metropolitan Area is at 4.4%.

Tennessee has an overall labor force of 3.4 million with 3.3 million employed.

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