After a slight increase at the start of 2024, Tennessee’s unemployment rate dropped to near record-low levels in February. Department of Labor and Workforce Development (TDLWD) data showed the new seasonally adjusted statewide rate for the month at 3.3%, a decrease of 0.2 of a percentage point from January’s revised rate.
The state’s all-time low seasonally adjusted unemployment rate is 3.1%, which was recorded during April, May, and June in 2023.
