No change in Tennessee unemployment rate

(The Center Square) – Tennessee’s June unemployment rate was 3.5% for the third straight month as nonfarm jobs increased by 6,100.

The number is just slightly higher than the June 2024 rate of 3.3% and lower than the national average of 4.1%, according to information from the Tennessee Department of Labor and Workforce Development.

The average weekly earnings dropped by $22.13 from $1,022.95 to $1,000.82. It remains below the national level, which increased by $7.40 in June to $1,187.38.

The state’s average hourly earnings are down 48 cents in June from $24.96 to $24.47. The national average is up slightly to $28.82, according to the department.

The sectors with the most job growth in June were professional and business services, education and health services and trade, transportation and utilities. Durable goods manufacturing, the federal government and construction had the biggest decreases, according to the department. Tennessee gained 6,100 net jobs in June.

- Advertisement -

Job growth has been steady over the year in the Volunteer State, with the addition of 22,900 net jobs, the department said. Government, leisure and hospitality and the education and health services sector grew the most year over year.

The three sectors that lost the most jobs over the year are construction, administrative, support and waste services and nondurable goods manufacturing.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Iran to see ‘highest volume of strikes’ yet on Friday

Friday’s strikes on Iran will exceed Tuesday’s, which were...

Everyday Economics: The Fed faces a slowing economy and a new inflation shock

Last week’s data painted an uncomfortable picture. The U.S....

Poll: 53% of voters say country is headed in the wrong direction

A majority of Americans say the country is headed...

Most voters support bans on transgender athletes in female sports

The majority of voters across the country support state...

Carr calls for fair telecom treatment in Europe amid trade talks

U.S. officials are calling for fair treatment of American...

More like this
Related

Iran to see ‘highest volume of strikes’ yet on Friday

Friday’s strikes on Iran will exceed Tuesday’s, which were...

Everyday Economics: The Fed faces a slowing economy and a new inflation shock

Last week’s data painted an uncomfortable picture. The U.S....

Poll: 53% of voters say country is headed in the wrong direction

A majority of Americans say the country is headed...

Most voters support bans on transgender athletes in female sports

The majority of voters across the country support state...