Unemployment In Tennessee Drops Ahead Of Holiday Season
Friday, December 20, 2019 6:57 am
More Tennesseans took home paychecks in November, leading to a slight drop in statewide unemployment. New data from the Tennessee Department of Labor and Workforce Development (TDLWD) shows a 0.1 of a percentage point decrease in unemployment when compared to the previous month, setting the new rate at 3.3 percent.
Over the last year, nonfarm employment in Tennessee increased by 46,700 jobs. The leisure/hospitality sector created the largest number of new jobs in the state, followed by the professional/business services and education/health services sectors.
Unemployment nationwide dropped in November. The United States' seasonally adjusted unemployment rate is 3.5 percent, 0.1 of a percentage point lower than it was in October. Over the past year, nationally, unemployment declined from 3.7 percent to 3.5 percent.
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