Published: October 17, 2020

TENNESSEE'S ECONOMIC RECOVERY CONTINUED IN SEPTEMBER ACCORDING TO NEWLY RELEASED INFORMATION FROM THE TENNESSEE DEPARTMENT OF LABOR AND WORKFORCE DEVELOPMENT. TENNESSEE’S SEASONALLY ADJUSTED UNEMPLOYMENT RATE FOR SEPTEMBER DROPPED TO 6.3 PERCENT DOWN 2.3 PERCENTAGE POINTS FROM THE PREVIOUS MONTH'S REVISED RATE OF 8.6. THE LATEST RATE IS 9.2 PERCENTAGE POINTS LOWER THAN THAN IT WAS IN APRIL, WHEN THE STATE HAD IT'S HIGHEST UNEMPLOYMENT RATE DURING THE PEAK PRE PANDEMIC LEVELS. EMPLOYERS ACROSS THE STATE CREATED 11,100 NEW NONFARM JOBS BETWEEN AUGUST AND SEPTEMBER AND THE LEISURE/HOSPITALITY SECTOR WAS RESPONSIBLE FOR THE LARGEST NUMBER OF NEW HIRES FOR THE MONTH. THE MANUFACTURING SECTOR CREATED THE SECOND-LARGEST INCREASE, FOLLOWED BY THE EDUCATION/HEALTH SERVICES SECTOR.