Economic Summary: Tennessee’s September unemployment rate is the lowest rate since June. Over the past year, Tennessee’s unemployment rate declined from 9.1% to 8.3% (-0.8 percentage point), while the national rate declined from 9.0% to 7.8% (-1.2 percentage points). 

 

Total nonfarm employment increased 3,300 jobs from August to September, with increases in government and education/health services. There were declines in trade/transportation/utilities and accommodation/food services. Over the year, nonfarm jobs increased 20,400, with increases in manufacturing and education/health services. There were declines in trade/transportation/utilities and financial activities.