Tennessee’s statewide unemployment rate for August remained at the state’s all-time low rate of 3.1%, according to new data released by the Department of Labor and Workforce Development.
The state reached its lowest unemployment rate in July. Unemployment numbers for the state have been at or below 3.5% since Jan. 2022.
The year-to-year statistics show Tennessee employers added 57,900 new positions to their payrolls. The education and health services sector recorded the largest gains over the last 12 months. The leisure and hospitality sector and government sector had the next largest increases in employment.
Nationally, unemployment increased in August. The new seasonally adjusted rate is 3.8%, which is an increase of 0.3 of a percentage point from the July unemployment rate.
County unemployment numbers will be released next week.