Chattanooga, TN – According to data from the Tennessee Department of Labor and Workforce Development (TDLWD), Tennessee employers added 56,000 nonfarm jobs over the past year.
The state’s seasonally adjusted unemployment rate for November was 3.5%, well below the national average despite an increase of two-tenths of a percentage point over October’s rate. Tennessee’s unemployment rate was also 3.5% in November 2023.
Earlier this year, Tennessee reported a record-low unemployment rate of 3% for three consecutive months.
Between October and November 2024, total nonfarm employment across the state increased by 6,300 jobs. The health care and social assistance sector accounted for the largest gains, followed by the professional, scientific, and technical services sector, and local government.
Tennessee has added 56,000 nonfarm jobs since November 2023, marking the highest year-over-year increase in 2024.
The largest growth was in the health care and social assistance sector, followed by the professional, scientific, and technical services sector and the retail trade sector.