Tennessee employers added nearly 25,000 new jobs between September and October. Even with the creation of new jobs, the state’s unemployment rate inched upward for the first time in five months.
The preliminary, seasonally adjusted, statewide unemployment rate for October 2020 is 7.4%, an increase of 0.9 of a percentage point from September’s revised rate of 6.5%.
One year ago, the unemployment rate in Tennessee was 3.3%.