Nashville, TN - After a slight increase at the start of 2024, Tennessee’s unemployment rate dropped to near record-low levels in February. Department of Labor and Workforce Development (TDLWD) data showed the new seasonally adjusted statewide rate for the month at 3.3%, a decrease of 0.2 of a percentage point from January’s revised rate. The state’s all-time low seasonally adjusted unemployment rate is 3.1%, which was recorded during April, May, and June in 2023.
When looking back over the year, Tennessee employers added 6,700 new nonfarm jobs to their payrolls. The education and health services sector led the year-to-year job growth, followed by the other services sector and then the leisure and hospitality sector.
Nationally, seasonally adjusted unemployment increased in February to 3.9%, which is a 0.2 of a percentage point jump from January’s rate of 3.7%.
A complete analysis of the February 2024 unemployment data for Tennessee is available here.
Jobs4TN.gov currently lists more than 240,000 open positions in areas across the state. Job seekers can see what reemployment services the state provides at no cost, all on an easy-to-access website. TNWorkReady.com is a great place to search for employment and training opportunities or to find a nearby American Job Center or Adult Education program.
TDLWD also has the Tennessee Office of Reentry (TOOR), which focuses on justice-involved individuals who recently left incarceration. TOOR creates and coordinates opportunities across the state to enable these individuals to receive a second chance at entering the state’s workforce.