As Tennessee employers prepared for the busy holiday season, new data from the Department of Labor and Workforce Development showed that more Tennesseans were available to work in November 2023 than the previous month.
While the state’s seasonally adjusted Labor Force Participation Rate remained steady at 59.4%, estimates show the number of Tennesseans not working increased by slightly more than 5,000 individuals. That change caused the unemployment rate to increase to 3.5% from 3.3% in October.
In a year-to-year comparison, Tennessee’s latest seasonally adjusted unemployment rate remained unchanged, matching the November 2022 rate of 3.5%.
