With many jobs available throughout Tennessee the state unemployment rate has set a record for its lowest mark in history.
Data from the Department of Labor and Workforce Development (TDLWD) showed the seasonally adjusted unemployment rate decreased to 3.2% in March, the lowest level ever recorded.
The decrease of 0.2 of a percentage point in March allowed the month to eclipse the previous all-time low rate of 3.3%, recorded in August 2019. The latest rate is 1.7 percentage points lower than it was this time last year.
Tennessee reached this historic low just 23 months after it marked its all-time highest unemployment rate of 15.9% in April 2020, during the height of pandemic-related business closures across the state.
