Tennessee again records record-low unemployment

Tennessee’s new record-low unemployment rate continued in June, according to new information from the Department of Labor and Workforce Development (TDLWD). June’s unemployment rate remained at 3%, an all-time low rate first recorded in May of this year. In a year-to-year comparison, the June 2024 rate was 0.1% lower than this same time in 2023. Employers added new jobs to Tennessee’s workforce between May and June and increased nonfarm employment by 400 jobs. The mining, logging, and construction sector and the education and health services sector had the biggest gains in employment. The manufacturing sector also added a sizable number of new positions during the month. Over the year, nonfarm employment did decrease across the state by 5,900 jobs. The administrative, support, and waste services sector saw the largest dip in employment. The real estate, rental, and leasing sector experienced the next largest decrease, followed by the non-durable goods manufacturing sector.