Tennessee's unemployment rate slightly increases in May

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Tennessee’s May 2022 unemployment rate rose slightly from April’s record-breaking low. The May seasonally-adjusted statewide rate rose to 3.3%, up 0.1% from April’s revised figure. The state’s civilian workforce grew to a new high in May as well as the number of citizens who were employed in May. The state’s Labor Force Participation Rate also surpassed 61% for the first time in more than two-years. The construction sector added the most jobs followed by the state government sector then professional, scientific, and technical services. Nationally, the unemployment rate for the U.S. was unchanged in May, mirroring the seasonally adjusted April rate of 3.6%. That marks a decrease of 2.2% when compared to the May 2021 national unemployment rate.