TBA Law Blog


Posted by: Julia Wilburn on Jun 21, 2024

The Department of Labor and Workforce Development announced that Tennessee's unemployment rate dropped to a historic low level, setting a record at 3%. WSMV reports that the rate decreased by 0.1% between April and May to 3% and made history as the lowest unemployment rate since the government began tracking the statistic in 1976. “Tennessee employers created 3,300 new nonfarm jobs between April and May. The accommodation and food services sector was responsible for most of those new jobs. The professional, scientific, and technical services sector was the next top job creator in May, followed by the health care and social assistance sector,” the department said.