Tennessee jobless rate declined in February
NASHVILLE, Tenn. – The Tennessee jobless rate for February was 6.6 percent, one-tenth of one percentage point lower than the January revised rate of 6.7 percent, according to a recent news release from Tennessee Labor and Workforce Development Commissioner Burns Phillips.
The U.S. preliminary rate for February was 5.5 percent, down two-tenths of one percentage point from the prior month.
Over the year, the state’s nonfarm employment increased by 60,400 jobs. The largest increases occurred in trade/transportation/utilities, professional/business services, and manufacturing.
Over the past year, Tennessee’s unemployment rate increased from 6.5 percent to 6.6 percent while the national rate decreased from 6.7 percent to 5.5 percent.