Tennessee Unemployment Rate drops for Third Straight Month
September 19, 2021
Nashville, TN – As Tennessee’s economy continues to rebound, the state has experienced three consecutive months of lower unemployment, according to newly released data from the Department of Labor and Workforce Development (TDLWD).
The preliminary, seasonally adjusted statewide unemployment rate for August came in at 4.6%, 0.1 of a percentage point lower than July’s revised rate of 4.7%. June’s unemployment rate was 4.9%.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 11th, 2015
January 11, 2015
Clarksville, TN – The December Employment Report was strong, but with some conflicting details. Nonfarm payrolls rose by a greater-than-expected 252,000 (median forecast: +240,000), with a net revision to October and November of +50,000.
It was the strongest year for job growth since 1999 (and the strongest private-sector job growth since 1997). The unemployment rate fell to 5.6% (median forecast: 5.7%), with annual benchmark revisions making little difference – however, the drop in the unemployment rate was due entirely to a decrease in labor force participation (don’t read too much into that, seasonal adjustment is tricky in December).
Frazier Allen
