Tennessee jobless rate hits seven-year low
NASHVILLE, Tenn. – In April, Tennessee’s jobless rate fell to 6 percent in April – its lowest level in seven years.
The preliminary jobless rate dropped for the third consecutive month, dipping to 6 percent from the revised rate of 6.3 percent in March, according to the Tennessee Department of Labor and Workforce Development. It’s the lowest figure in Tennessee since early 2008.
Total nonfarm employment increased by 6,400 jobs from March to April. Nonfarm employment has increased 47,000 jobs in Tennessee over the past year.
The national jobless rate, meanwhile, stood at 5.4 percent in April, down from 5.5 percent in March. Tennessee’s rate has improved over the past year, dropping from 6.5 percent in April 2014 to 6 percent last month. Meanwhile, the national rate has fallen from 6.2 percent to 5.4 percent.