Unemployment across Tennessee decreased significantly in November 2020 according to newly released data from the Department of Labor and Workforce Development (TDLWD).
Tennessee’s preliminary, seasonally adjusted unemployment rate for November is 5.3 percent, a 2 percentage point drop from October’s revised rate of 7.3percent. The new statistic is just 2 percentage points higher than the state’s unemployment rate one year ago in November.
The current rate is also 2 percentage points higher than it was in March 2020, just one month before the economic impact of the COVID-19 pandemic took hold in Tennessee. In April, Tennessee’s unemployment reached its all-time high of 15.5%.
When comparing year-to-year statistics, Tennessee’s employment decreased by 112,800 jobs between November 2019 and November 2020.
Tennessee employers continue to help the state’s economy rebound and are searching for employees of all skill levels.
The state of Tennessee will release the November 2020 unemployment rates for Giles County on Wednesday, December 23rd.