Tennessee Labor & Workforce Development Commissioner Burns Phillips announced last week the Tennessee preliminary unemployment rate for July was 5.7 percent, unchanged from the June revised rate. The U.S. preliminary rate for July was 5.3 percent, also unchanged from the prior month.

Economic Summary

• Over the past year, Tennessee's unemployment rate decreased from 6.6 percent to 5.7 percent while the national rate declined from 6.2 percent to 5.3 percent.
• Total nonfarm employment increased 1,300 jobs from June to July. The largest increases occurred in leisure/hospitality, manufacturing, and wholesale trade.
• Over the year, nonfarm employment increased 52,500 jobs. The largest increases occurred in trade/transportation/utilities, leisure/hospitality, and professional/business services.

Source:

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