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June Unemployment Lowest in TN History, says State Labor Dept.

PRESS RELEASE from the State of Tennessee, July 20, 2017:

Tennessee has rate of 3.6 percent for June 2017

NASHVILLE – Tennessee Gov. Bill Haslam and Department of Labor and Workforce Development Commissioner Burns Phillips today announced Tennessee’s unemployment rate for June 2017 was 3.6 percent, the lowest in Tennessee recorded history.

The June 2017 preliminary seasonally adjusted rate surpasses the previous low of 3.7 percent from March 2000. The state has not experienced an unemployment rate below 4.0 percent since it was 3.9 percent in February 2001.

“What’s truly exciting about today’s news is that this is a statewide story,” Haslam said. “Today more than ever, businesses have a choice of where to grow or expand, and because of the policies this administration has put in place working with the General Assembly, we’re seeing the job growth that comes when businesses choose Tennessee.”

June’s rate declines four-tenths of a percentage point from the May revised rate of 4.0 percent. Amid notable improvements in Tennessee’s unemployment rate, the national preliminary rate increases by one-tenth of a percentage point from the previous month to 4.4 percent, lingering in the 4.0 percentile.

“When a state’s rate declines during a national uptick in unemployment, that’s something to note,” Phillips said. “Just seven years ago more than 10 percent of Tennesseans were out of work. One of Governor Haslam’s top priorities has been to make Tennessee the best state in the southeast for high quality jobs. All indications point to that priority becoming a reality.”