Unemployment Rate for December Remains Unchanged

January 20, 2023 3

TENNESSEE ENDED 2022 WITH CONTINUED LOW UNEMPLOYMENT ACROSS THE STATE. THE SEASONALLY ADJUSTED RATE FOR DECEMBER CAME IN AT 3.5%, WHICH WAS UNCHANGED FROM NOVEMBER. FOR THE ENTIRETY OF 2022, THE STATEWIDE UNEMPLOYMENT RATE REACHED A LOW OF 3.2% AND NEVER WENT ABOVE 3.5%. IN A YEAR-TO-YEAR COMPARISON, THE STATEWIDE UNEMPLOYMENT RATE IS DOWN 0.1 OF A PERCENTAGE POINT FROM 3.6% TO 3.5%.