Unemployment Remains Near Historic Low Levels In Tennessee

Thursday, September 20, 2018

Tennessee’s unemployment rate remained near historic low levels in August, despite a slight increase, according to the latest statistics released on Thursday by Governor Bill Haslam and Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips.

The preliminary, seasonally adjusted statewide unemployment rate for August was 3.6 percent, just 0.1 of a percentage point higher than it was in July.

Prior to August, Tennessee’s unemployment rate remained at 3.5 percent for three consecutive months.

“Even with this very small fluctuation in August, Tennessee’s unemployment rate continues to be one of the lowest in the nation,” Governor Haslam said. “The fact the rate has seen such little movement over the last year reflects the strength of our state’s economy and our work over the past eight years to develop Tennessee’s workforce to meet the needs of today’s employers.”

Tennessee has had unemployment levels at or near record levels for more than a year. The seasonally adjusted statewide rate has been 4.0 percent or less since April 2017. The state achieved its all-time lowest unemployment rate of 3.3 percent in September 2017 and it remained at that level through January 2018.

The seasonally adjusted national unemployment rate remained unchanged in August and came in at 3.9 percent for the second consecutive month.

 

Between July and August, nonfarm employment in Tennessee increased by 2,600 jobs. Comparing year-to-year statistics, Tennessee’s labor force added 56,000 jobs between August 2017 and August 2018, with the leisure and hospitality industry seeing the largest increase in adding 3,300 new jobs.

                  

“While new jobs were added in certain sectors last month, some businesses did reduce their workforces,” Commissioner Phillips said. “No matter how low the unemployment rate may be, the reality is, some Tennesseans are looking for work and the state has many resources available to help them find new employment.”

 

Tennesseans looking for new employment opportunities can access the latest job openings, update their resumes, and sharpen their job interview skills by visiting the state’s workforce development website.

 

The statewide unemployment rate is seasonally adjusted to eliminate the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events from an economic time series.

A complete analysis of Tennessee’s unemployment data for August 2018 can be found here.

The state of Tennessee will release the August 2018 county unemployment data on Thursday, Sept. 27, at 1:30 p.m. CT.


Startup Spectruss Sees Record Growth

New Hamilton County Businesses

Emerson Russell No Longer Selling Used Vehicles At Highway 153, Shallowford Road


Spectruss, a full-service marketing agency based in the Chattanooga area continues rapid growth through its virtual CMO service that provides clients direct access to the expertise of an in-house ... (click for more)

Here are the new business licenses from the County Clerk's office: ALL SOUTH ROOFING CLINTON CURRIE 4 ROOFING & SHEET METAL WORK 651 E 4TH ST STE 200 CHATTANOOGA TN 37403 AUTHENTIC ... (click for more)

A used vehicle dealership started by Chattanooga businessman Russell Emerson in July 2016 is no longer selling cars. A representative of CarExpress said the office will remain open for ... (click for more)


Business

Startup Spectruss Sees Record Growth

Spectruss, a full-service marketing agency based in the Chattanooga area continues rapid growth through its virtual CMO service that provides clients direct access to the expertise of an in-house marketing team minus the premium salary of hiring a full-time marketing director. Additionally, the agency recently hired multiple new team members to support their continued growth in ... (click for more)

New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: ALL SOUTH ROOFING CLINTON CURRIE 4 ROOFING & SHEET METAL WORK 651 E 4TH ST STE 200 CHATTANOOGA TN 37403 AUTHENTIC SEVEN LENISE BELL 2 CLOTHING SALES 541 CEDAR GLEN CIR CHATTANOOGA TN 37412 BLISS NAILS & SPA BRIAN NGUYEN 3 PROVIDING MANICURE AND PEDICURE 5211 HWY. 153 SUITE 115 HIXSON TN 37343 ... (click for more)

Breaking News

WWTA Releases Timetable That Would Have Ooltewah Sewage Treatment Plant In Operation By 2025; Public Meetings Set At Central High

The Hamilton County Water and Wastewater Treatment Authority has released a timetable that would have a new sewage treatment plant in Ooltewah in operation by 2025. A request for a site at Mahan Gap Road goes before the Planning Commission at Nov. 12 at 1 p.m. It goes to the County Commission Zoning Committee on Dec. 12 and the full commission on Dec. 19. The WWTA also ... (click for more)

Downtown Post Office Finally Getting Handicap Ramp

Chattanooga's Downtown Post Office, after some lawsuits and numerous complaints over the years, is finally getting a handicap ramp. Federal Judge Sandy Mattice said the complaints had increased in recent months and the General Services Administration agreed to fund the project at the historic building on Georgia Avenue. The judge said, "It's a beautiful building, but it's ... (click for more)

Opinion

Too Many Questions

First it was about 2,000, then we were told it’s up to 4,000. We have no way of knowing who’s coming or what their purpose is. NBC and CNN assure us they are seeking sanctuary but how can we know? Neither Honduras or our subjective media in America have been honest with us in the past. So, how do we know why that many people are marching across Central America? Then this morning ... (click for more)

Roy Exum: An Answer For Amy

Amy Schumer, whose cousin is Senate Minority leader Chuck Schumer, is said to be a very successful comedian and an activist of note. You may remember her most recent appearance was when she was arrested at the U.S. Capitol three weeks ago. She was part of a disgraceful mob who unlawfully protested the nomination of Brett Kavanaugh and the hunch is Amy wanted to get arrested so she ... (click for more)