For the fifth consecutive month, the state’s seasonally adjusted unemployment rate is lower than it has been in recorded history, say Tennessee Gov. Bill Haslam and Department of Labor and Workforce Development Commissioner Burns Phillips.
The state unemployment rate for October 2017 held steady at 3.0 percent, matching the historically low rate set in September. Tennessee first 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.
Tennessee’s October 2017 unemployment rate is two percentage points lower than it was a year ago and continues to outpace the national average, which currently sits at 4.1 percent.
More information is available on Jobs4TN.gov.