Tennessee’s unemployment price continues its decline

The unemployment price in Tennessee continued to slowly drop in August.

Information launched Thursday by the Tennessee Division of Labor & Workforce Growth (TDLWD) confirmed the state’s seasonally adjusted unemployment price in August was 4.6%, down from 4.7% in July.

That price is 3.5 share factors decrease than the state’s unemployment price in August 2020.

“Employers introduced an extra 4,400 staff into the workforce between July and August,” in accordance with a information launch from TDLWD. “The manufacturing sector had the biggest improve in employment, adopted by the mining/logging/building sector, after which the federal government sector.”

The TDLWD reported the state’s workforce elevated by 121,600 jobs between August 2020 and August 2021. Skilled/enterprise companies accounted for the biggest share of that development, adopted by the leisure/hospitality sector and the commerce/transportation/utilities sector.

Since having a 5.1% unemployment price in March, Tennessee’s price has dropped on common 0.1 share factors per thirty days. The seasonally adjusted price within the U.S. dropped from 5.2% to five.0% in August.

U.S. Division of Labor information launched Thursday confirmed Tennessee had 5,335 preliminary unemployment claims for the week ending Sept. 11, down 6,975 claims from the identical week in 2020.

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