Unemployment Rates Continue to Improve Throughout Tennessee – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2021-09-25 01:06:06 –

Tennessee Department of Labor Development Presentation Unemployment rates in almost every county in Tennessee fell in August. This shows that unemployment has declined for the second straight month in more than 93 of the 95 counties in the state.

The two that maintained the same or higher proportions include Williamson County and Maury County. Williamson County’s rate was 2.6%, unchanged from July. Although unchanged, Williamson County maintained the lowest unemployment rate in Tennessee in August. The unemployment rate in Maury County increased from 4.2% to 4.5% on a monthly basis.

79 counties recorded an unemployment rate of less than 5% for the month. The percentage of August in the remaining 16 counties was more than 5% and less than 10%.

Shelby County’s unemployment rate was the highest this month at 6.7%. Although the highest in the state, the county’s new rate fell 0.8 percentage points from July. The unemployment rate in Perry County was the second highest at 6.6%, down 4 points from 10.6% in July.

In the state as a whole, the unemployment rate improved in August for the third straight month. The rate dropped from 4.7% to 4.6%.

Previously, TDLWD Presentation The state-wide unemployment rate was 3.5 percentage points lower than in the same reporting period in 2020.

The employer added an additional 4,400 employees to the workforce between July and August. The largest increase in employment was in manufacturing, followed by mining / logging / construction, and then the government sector.

Between August 2020 and August 2021, employers throughout Tennessee increased the state’s workforce by 121,600. The professional / business services sector accounted for the largest proportion of that growth. The leisure / hospitality sector added the second most jobs, followed by the trade / transportation / utilities sector.

Unlike state-wide and national unemployment rates, county unemployment rates are not seasonally adjusted to account for economic impacts such as school holidays and harsh weather conditions.

Tennessee will announce the state-wide unemployment rate for September on October 21st.

Nationally, the economic recovery is still slow but steadily rising, returning to the pre-pandemic unemployment rate. return In May 2020, Tennessee’s unemployment rate reached a record high of 14.7% due to the COVID-19 pandemic.

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Unemployment Rates Continue to Improve Throughout Tennessee Source link Unemployment Rates Continue to Improve Throughout Tennessee

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