Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today the Tennessee preliminary unemployment rate for November was 5.6 percent, unchanged from the October revised rate. The U.S. preliminary rate for November was 5.0 percent, also unchanged from the prior month.
· Over the past year, Tennessee’s unemployment rate decreased from 6.6 percent to 5.6 percent while the national rate declined from 5.8 percent to 5.0 percent.
· Total nonfarm employment increased 1,000 jobs from October to November. The largest increases occurred in financial activities, manufacturing, and transportation/warehousing/utilities.
· Over the year, nonfarm employment increased 48,600 jobs. The largest increases occurred in trade/transportation/utilities, professional/business services, and leisure/hospitality.