Tennessee's Unemployment Rate for October 4.8 Percent

NASHVILLE – Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today the Tennessee preliminary unemployment rate for October was 4.8 percent, up two-tenths of a percentage point from the September revised rate of 4.6 percent. The U.S. preliminary rate for October was 4.9 percent, down one-tenth of a percentage point from the previous month.

Economic Summary

• Over the past year, Tennessee's unemployment rate decreased from 5.6 percent to 4.8 percent while the national rate declined from 5.0 percent to 4.9 percent.
• Total seasonally adjusted nonfarm employment increased 7,500 jobs from September to October. The largest increases occurred in leisure/hospitality, professional/business services, and education/health services.
• Over the year, nonfarm employment increased 70,700 jobs. The largest increases occurred in education/health services, professional/business services, and trade/transportation/utilities.

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