Chattanooga, TN – According to the state officials, the rate for June came in at 3%, unchanged from the all-time low unemployment rate the state recorded in May.
In a year-to-year comparison, Tennessee’s June 2024 seasonally adjusted unemployment rate decreased by 0.1 percentage point.
Employers added new jobs to Tennessee’s workforce between May and June, increasing nonfarm employment by 400 jobs. The mining, logging, and construction sector, as well as the education and health services sector, saw the biggest gains in employment. The manufacturing sector also added a sizable number of new positions during the month.
Over the year, nonfarm employment did decrease across the state by 5,900 jobs. The administrative, support, and waste services sector saw the largest dip in employment. The real estate, rental, and leasing sector experienced the next largest decrease, followed by the non-durable goods manufacturing sector.
TDLWD has compiled a complete analysis of the June 2024 unemployment data, which is available here.
Nationally, the seasonally adjusted unemployment rate inched up in June from 4% to 4.1%. The rate is 0.5 percentage point higher than it was in June 2023.