New data from the Department of Labor and Workforce Development (TDLWD) shows Tennessee’s economy continued to rebound in September as unemployment dropped for the fourth consecutive month. The seasonally adjusted figure for the month is set at 4.4%, inching even closer to pre-pandemic levels.
September’s rate is 0.2 of a percentage point lower than the previous month’s rate of 4.6%. It is just 0.4 of a percentage point higher than it was in March 2020, the month before COVID-19 business closures impacted Tennessee’s economy.
Over the past year, Tennessee’s seasonally adjusted unemployment rate has decreased 3.5 percentage points from 7.9% to 4.4%.