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Tennessee’s Unemployment Rate for May 4.1%

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Tennessee Labor and Workforce Development Commissioner Burns Phillips has announced the Tennessee preliminary unemployment rate for May was 4.1 percent, two-tenths of a percentage point decrease from the April revised rate of 4.3 percent.

The U.S. preliminary rate for May was 4.7 percent, down three-tenths of a percentage point from the previous month.

Tennessee May 2016 Labor Force Estimates

Economic Summary

Over the past year, Tennessee’s unemployment rate decreased from 5.8 percent to 4.1 percent while the national rate declined from 5.5 percent to 4.7 percent.

Total nonfarm employment decreased 13,400 jobs from April to May. The largest decreases occurred in government, leisure/hospitality, & professional/business services.

Over the year, nonfarm employment increased 60,900 jobs. The largest increases occurred in education/health services, trade/transportation/utilities, & manufacturing.


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