Tennessee Department of Labor and Workforce Development Releases August Unemployment Numbers

Kaitlin Housler

The Tennessee Department of Labor and Workforce Development recently released the state’s unemployment rate for the month of August.

The data shows that the jobless rate in the state increased by 0.1 percent from the month of July, bringing August’s rate to 3.4%. One year ago, the Volunteer State’s jobless number stood at 4 percent. The current rate is down 0.6 of a percentage point in a year-to-year comparison, noted by the Department of Labor and Workforce Development.

The all-time low rate in Tennessee was 3.2 percent earlier this year in March and April.

Between July and August, Tennessee added 3,100 nonfarm jobs. In terms of jobs created, the financial activities sector created the most, followed by manufacturing and education and health services. The number of nonfarm jobs added by Tennessee employers in the last year was 114,500. Leisure and hospitality saw the largest year-over-year growth. Education and health services, along with trade, transportation, and utilities, accounted for the next highest job gains.

The U.S. Bureau of Labor Statistics reports that all 50 states and the District of Columbia had jobless rate decreases in August from the year prior. The national unemployment rate in August was 3.7 percent – 1.5 points lower than in August 2021.

With September being National Workforce Development Month, the Tennessee Department of Labor and Workforce Development urges job seekers within the state to visit the Tennessee Office of Reentry (tnworkready.com) in order to find online and in-person resources to achieve employment.

There are currently over 400,000 job openings posted from employers in and around Tennessee on the labor department’s website, Jobs4TN.gov

There are nearly 80 American Job Centers and six mobile American Job Centers across the state of Tennessee. The Department of Labor and Workforce Development invites all Tennesseans looking for work to use an interactive map to locate the job center closest to them, available at https://www.tn.gov/content/tn/workforce/jobs-and-education/job-search1/find-local-american-job-center.html

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Kaitlin Housler is a reporter at The Tennessee Star and The Star News Network.
Photo “Tennessee State Capitol Building” by Andre Porter. CC BY-SA 3.0.

 

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One Thought to “Tennessee Department of Labor and Workforce Development Releases August Unemployment Numbers”

  1. 83ragtop50
    September 20, 2022 at 1:24 pm

    Anyone else besides me ever wonder what the real unemployment number is? The finagling of how this number is computed years ago was done just to make the number look better. You know, the same thing that was done to make the inflation number look so much better. Inflation under the old calculations would be somewhere around 16%. Still lower than what I am experiencing in my everyday life but certainly a fairer representation of what is happening.

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