Tennessee Unemployment Holds At 3 Percent

NASHVILLE, TN — Tennessee's unemployment rate for October 2017 held steady at 3 percent, matching the historically low rate set in September. October was the fifth straight month with record low joblessness in Tennessee. The state marked an all-time low unemployment rate in June at 3.6 percent, which was bested by the July rate of 3.4 percent, and then in August fell to 3.3 percent, before the pair of 3s in the last two months.

“We have focused on bringing high-quality jobs to Tennessee and have attracted companies and jobs that provide strong wages that will evolve as the economy changes,” Gov. Bill Haslam said. “We have focused on recruiting companies that will invest in Tennessee for the long-term and create lasting economic change in our communities, and our record low unemployment rate over the last five months reflects that.”

Tennessee’s October 2017 unemployment rate is two percentage points lower than it was in October 2016.

The national unemployment rate is current 4.1 percent.

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