The Tennessee Department of Labor & Workforce Development reported today the state’s unemployment rate for August remained at the all-time low rate of 3.1 percent.
The state reached its lowest unemployment rate in July, besting the previous record of 3.2 percent.
Unemployment numbers for the state have been at or below 3.5 percent since January 2022.
Nonfarm employment decreased by 3,200 positions between July and August 2023. During the past year, Tennessee employers added 57,900 new positions.
The national unemployment rate for August 2023 was 3.8 percent, up from 3.5 percent in July.
County unemployment numbers for August will be released next week.
