Published: March 23, 2019


THE STATEWIDE UNEMPLOYMENT RATE IN TENNESSEE HAS DROPPED TO A NEW HISTORIC LOW IN FEBRUARY ACCORDING TO DATA RELEASED THURSDAY BY THE TENNESSEE DEPARTMENT OF LABOR AND WORKFORCE DEVELOPMENT. OVER THE PAST YEAR TENNESSEE'S FEBRUARY UNEMPLOYMENT RATE DECREASE FROM 3.6 PERCENT TO 3.2 PERCENT. TENNESSEE REACHED ITS PREVIOUS RECORD LOW UNEMPLOYMENT RATE OF 3.3 PERCENT IN OCTOBER 2018 WHERE IT REMAINED FOR FOUR CONSECUTIVE MONTHS. WHILE TENNESSEE DID SEE RECORD-BREAKING UNEMPLOYMENT IN FEBRUARY, THERE WAS A DECREASE IN THE NUMBER OF JOBS ACROSS THE STATE. IN A YEAR TO YEAR COMPARISON, TENNESSEE EMPLOYERS CREATED AN ESTIMATED FIFTY THREE THOUSAND NEW JOBS. THE SECTOR WITH THE LARGEST INCREASE WAS LEISURE AND HOSPITALITY, FOLLOWED BY TRADE/TRANSPORTATION/UTILITIES AND MANUFACTURING.