Nashville, TN – Tennessee’s seasonally adjusted statewide unemployment rate was unchanged in July 2022, according to data recently released by the Tennessee Department of Labor and Workforce Development (TDLWD). For the third month in a row, the rate held steady at 3.3%.
The state’s July rate is only 0.1 percentage points higher than the historically low unemployment rate of 3.2% that was recorded in March and April of this year.
In a month-to-month comparison, there were 12,400 fewer nonfarm payrolls in the state in July. The local government sector accounted for the largest number of job losses, followed by the durable goods manufacturing sector and the mining and logging sector.
Tennessee’s seasonally adjusted civilian labor force contracted slightly in July, down 0.1% to 3,409,628. That 2022 figure was still 2.3% higher than the number of people working statewide in the month last year.
Nationally, seasonally adjusted unemployment fell slightly between June and July, down 0.1 percentage point to 3.5%.
TDLWD has a full analysis of July 2022 Tennessee unemployment data available here.
Although the state’s unemployment rate remains low, many Tennessians are still in search of meaningful employment. Employers have tens of thousands of jobs to fill. TDLWD has the resources to match job seekers with companies that are hiring. The journey to a better job begins at TNWorkReady.com.