Nashville

Tennessee Sees Slight Rise in Unemployment to 3.1% After Record Lows

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Published on September 19, 2024
Tennessee Sees Slight Rise in Unemployment to 3.1% After Record LowsSource: Department of Labor and Workforce Development

Following a three-month streak of historically low unemployment figures, Tennessee's jobless rate saw a slight uptick last month. As reported by the Tennessee Department of Labor and Workforce Development, the August seasonally adjusted unemployment rate inched up to 3.1%, marking a 0.1% increase from the previous record lows observed in the preceding months.

Compared to the same month last year, however, the state still shows an improvement from the 3.3% unemployment rate it registered then. Job numbers between July and August dipped slightly by 1,400 positions, with notable declines in sectors like mining, logging, and construction, as well as trade, transportation, and utilities; leisure and hospitality also felt the contraction. Yet, on the positive side, over the past year, the state has added 30,500 nonfarm jobs, with education and health services leading the way in employment gains.

This minor swell in unemployment doesn't put Tennessee on shaky ground, especially when stacked against the national average. With the U.S. unemployment rate currently sitting at 4.2%, Tennessee remains comfortably below this benchmark—a detail that reflects the state's resilience in economic fluctuations.

For those navigating the job market, whether fresh out of college or in the midst of navigating career changes, the state assists American Job Centers. According to the Department's announcement, "American Job Centers (AJCs) are available to help meet your employment needs." These AJCs offer a host of services including access to computers, resume writing workshops, and on-site recruiting events at no cost. From the urban sprawl of Memphis to the rolling Smoky Mountains, every county in Tennessee has an affiliated AJC equipped with qualified staff ready to aid job seekers in their search.