November Unemployment Rate Remains at 5.6%

unemployment claimTennessee’s unemployment rate for the month of November was 5.6 percent, unchanged from the October rate. That’s according to Tennessee Labor Commissioner Burns Phillips. The U.S. rate for November was 5.0 percent, also unchanged from October.
Over the past year, Tennessee’s unemployment rate decreased from 6.6 percent to 5.6 percent, while the national rate declined from 5.8 to 5.0 percent.
Total nonfarm employment increased 1,000 jobs from October to November. The largest increases occurred in financial activities, manufacturing, and transportation/warehousing/utilities. Over the year, nonfarm employment increased 48,600 jobs. The largest increases occurred in trade/transportation/utilities, professional/business services, and leisure/hospitality.