Tennessee's unemployment rate for February 4.9%
Tennessee Labor & Workforce Development Commissioner Burns Phillips announced today the Tennessee preliminary unemployment rate for February was 4.9 percent, five-tenths of a percentage point decrease from the January revised rate of 5.4 percent. The U.S. preliminary rate for February was 4.9 percent, unchanged from the previous month.
· Over the past year, Tennessee's unemployment rate decreased from 6.0 percent to 4.9 percent while the national rate declined from 5.5 percent to 4.9 percent.
· Total nonfarm employment decreased 1,600 jobs from January to February. The largest decreases occurred in professional/business services, arts/entertainment/recreation, & government.
· Over the year, nonfarm employment increased 89,300 jobs. The largest increases occurred in trade/transportation/utilities, professional/business services, & education/health services.