Tennessee Labor & Workforce Development Commissioner Burns Phillips has announced the Tennessee preliminary unemployment rate for May is 6.4%, a tenth of one percentage point higher than the 6.3% April revised rate. The U.S. preliminary rate for May is 6.3%, same as the U.S. April revised rate.
Economic Summary:
• Over the past year, Tennessee’s unemployment rate decreased from 8.4% to 6.4% while the national rate decreased from 7.5% to 6.3%.
• Total nonfarm employment increased 6,700 jobs from April to May. The largest increases occurred in leisure/hospitality, retail trade, and local government.
• Over the year, nonfarm employment increased 56,900 jobs. The largest increases occurred in professional/business services, leisure/hospitality, and trade/transportation/utilities.
