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TN experiences near-record low unemployment in April

Statewide, Tennessee continued to experience near-record low unemployment in April, and county jobless rates for the month were better than expect

Statewide, Tennessee continued to experience near-record low unemployment in April, and county jobless rates for the month were better than expected. The latest numbers from the Department of Labor and Workforce Development show county unemployment decreased across the state. Statewide, the seasonally adjusted unemployment rate dropped to 3.3 percent, down 0.1 of a percentage point from March’s rate. It is also just above Tennessee’s all-time lowest unemployment rate of 3.2 percent.

 

All 95 counties in Tennessee reported lower unemployment in April and each county had a rate below five percent. Williamson County recorded the lowest rate in the state, which was the lowest the county has seen in the last 22 years at 1.9 percent 

In our area, 

 

Bradley County- 3.1,% down 3-tenths of a percentage point from March.

 

Polk County-3.4%, down 2-tenths of a percentage point.

 

McMinn County- 3.5%, which is the same as March

 

Rhea County-  3.5% which is down 8-tenths of a point. 

 

And Meigs County has the highest unemployment in our area and is tied for the second largest rate in the state at 4.5%. However, Meigs County saw one of the highest drops from March unemployment numbers in the state. In March, Meigs County’s unemployment rate was 5.5%. 

 

The state of Tennessee will release the statewide unemployment rate for May on Thursday, June 15 at 1:30 p.m. CDT.