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Published: November 21, 2020


TENNESSEE'S UNEMPLOYMENT EXPERIENCED A SLIGHT INCREASE IN OCTOBER ACCORDING TO NEWLY RELEASED INFORMATION FROM THE TENNESSEE DEPARTMENT OF LABOR AND WORKFORCE DEVELOPMENT. TENNESSEE’S SEASONALLY ADJUSTED UNEMPLOYMENT RATE FOR OCTOBER INCREASED POINT 9 OF A PERCENTAGE POINT FROM THE PREVIOUS MONTH'S REVISED RATE OF 6.5. THE UNEMPLOYMENT RATE IN TENNESSEE ONE YEAR AGO TODAY WAS 3 POINT 3 PERCENT. THE NUMBER OF JOBS INCREASED BY 24,600 DURING THE MONTH AS BUSINESSES REBOUND FROM COVID 19 BUSINESS CLOSURES IN THE SPRING. EMPLOYERS IN THE PROFESSIONAL BUSINESS SERVICES SECTOR CREATED THE MOST JOBS DURING THE MONTH AND LEISURE HOSPITALITY AND MANUFACTURING SECTORS EXPERIENCED THE NEXT LARGEST INCREASES IN EMPLOYMENT.