RUTHERFORD COUNTY, TN - Tennessee's economy demonstrated resilience this past year, as employers added an impressive 56,000 nonfarm jobs, despite an uptick in the state's unemployment rate last month. According to data from the Tennessee Department of Labor and Workforce Development (TDLWD), the seasonally adjusted unemployment rate for November stood at 3.5%, reflecting an increase of two-tenths of a percentage point from October's rate of 3.3%. This figure ties with last year's November rate, indicating a consistent challenge in the labor market.
While county-by-county unemployment figures for November are not yet ready for release, preliminary statistics from October may provide insight into local trends. Rutherford County's unemployment rate is expected to hover around 2.9%, similar to previous months. However, Murfreesboro experienced a modest rise from 2.9% in September to 3.1% in October. Meanwhile, Smyrna and LaVergne maintained stable unemployment rates of 3% this past October. With the holiday upon us, December is anticipated to bring lower unemployment figures as hotels, retailers, and restaurants have ramped up hiring to meet increased demand.
Over the past month, Tennessee as a whole experienced an overall increase of 6,300 nonfarm jobs statewide, with the health care and social assistance sector leading the way in job creation. This trend continues into 2024, with the total of 56,000 jobs added since November 2023 marking the highest year-over-year increase for the state. Following health care, significant gains were also noted in the professional, scientific, and technical services sectors, as well as in retail trade.
Despite the rise in the unemployment rate, Tennessee’s figures remain favorable, sitting seven-tenths of a percentage point below the national unemployment rate of 4.2%. This national average experienced a slight increase of one-tenth of a percentage point from October and is up by half a percentage point compared to the previous year.
For job seekers, the American Job Centers (AJCs) across the state offer a range of free services tailored to meet employment needs. Whether recent graduates or experienced workers, individuals can access one-on-one career specialist support, job training programs, and resources to eliminate barriers to progressing in their careers. AJCs also provide free computer access, as well as opportunities to attend recruiting events and workshops focusing on resume writing and interview skills.
As Tennesseans await the release of county-specific unemployment data scheduled for the day after Christmas, the workforce landscape remains a critical focal point for economic growth and opportunity in the state.
MORE: TDLWD’s analysis of the November 2024 unemployment data is available here. Need help finding employment or to see job availability through one of the many American Job Centers nearest you visit the interactive map.