Nashville/ Politics & Govt
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Published on March 29, 2024
Unemployment Rates Fall Below 5% in All 95 Tennessee Counties as State Sees Job Market ImproveSource: Tennessee Department of Labor and Workforce Development

Tennessee is boasting a statewide employment boost as new data reveals a drop in unemployment rates across all 95 counties for February. The reports showcase an encouraging trend for local economies with every county dipping below a 5% unemployment rate last month, according to the latest figures from the Tennessee Department of Labor and Workforce Development (TDLWD).

The plunge in jobless figures is highlighted by Moore County, which now holds the title for the least unemployed in the state at a minuscule 1.9%. This marked an improvement of a 0.8 of a percentage point from January's stats. Williamson and Rutherford counties weren't far behind, recording the second and third-lowest rates at 2.1% and 2.2%, respectively. The data, not seasonally adjusted to account factors like holidays or weather events, still paints a rosy picture of the state's job market.

Cocke County, while having the highest unemployment rate in February, still showed significant progress with a 4.7% rate, a full percentage point less than in January. The economic narrative in Tennessee remains positive as Bledsoe and Lauderdale counties also report notable decreases in their unemployment rates, falling to 4.5% and 4.4%, respectively. A comprehensive breakdown of each county's unemployment situation can be found on the state's website.

In context, the statewide seasonally adjusted unemployment rate in Tennessee edged down to 3.3% in February from 3.5% in January, signaling progress even as the national unemployment rate ticked up to 3.9% in same period. For those Tennesseans seeking employment or considering a career pivot, the state recommends a visit to one of Tennessee’s American Job Centers where they can receive assistance from a career specialist at no cost. The state of Tennessee aims to release March's unemployment data on Thursday, April 18.