Tennessee Gov. Bill Haslam and Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips have released the statewide unemployment rate for July 2018, and for the third consecutive month the statistic has held steady at 3.5 percent.Tennessee’s seasonally adjusted unemployment rate has not only remained unchanged since May, it mirrors the 3.5 percent recorded during the same time period in 2017.
Companies also continued the trend of new job creation across the state. Between June and July, Tennessee employers bolstered the state’s economy by adding 2,500 new nonfarm jobs.
According to Governor Haslam, “Tennessee’s economy is truly holding its own right now. The fact the unemployment rate has remained unchanged for three months, and Tennessee businesses continue to add new jobs, shows our workforce strategy over the last eight years is paying off for both citizens and businesses.”
Over the year, nonfarm employment in Tennessee has increased by 56,300 jobs. The largest increases occurred in the state’s leisure/hospitality, professional/business services, and education/health services sectors.
The state of Tennessee will release the August 2018 county unemployment data this Thursday. With that information we will have a more detailed report on Cannon and surrounding counties.
