Unemployment rate unchanged in county, decrease in labor force

Jan. 2 – The Tennessee Department of Labor and Human Development continues to report that the unemployment rate was kept below 5% in most counties in the state in November 2022. The state’s unemployment rate is unchanged at 3.5%, down 0.1 percentage point from the November 2021 rate of 3.6%.

Similar to the state, Cumberland County’s unemployment rate was flat in October and November, staying at 4.3%. County data are not seasonally adjusted. The unemployment rate in November 2022 is 0.8 percentage points higher than in November 2021, which was 3.5%.

However, the estimated Cumberland County labor force decreased from 21,986 in October 2022 to 21,535 in November 2022. This means that between October and November, 451 people in the county were no longer considered part of the labor force. The number of unemployed also fell from October to November from 952 to 936.

A decline in the labor force is also the trend across the country. According to the state’s latest report, the preliminary estimate of the nation’s civilian labor force as of November 2022 is 3,300,320 — 58,103 fewer civilians than in November 2021.

According to this data, that’s a 1.7% decline in the civilian workforce between November 2021 and 22. Notably, 1% of this decline occurred between October 2022 and November 2022, with an estimated 34,611 people in Tennessee exiting the labor force.

Tennessee employers have added 119,400 jobs since November 2022, with most of that increase coming from the leisure and hospitality sector, which has grown by an estimated 25,500 employees since last year. The second-largest increase was seen in education and health services with around 22,400 employees, and the third-largest increase in the trade, transport and supply sector with around 20,900 employees.

In November, Bledsoe County had Tennessee’s highest unemployment rate at 5.3%, although it was down 0.1 percentage point from the previous month. Williamson County had the lowest rate at 2.5%.

TNWorkReady.com is a one-stop site for information about job training opportunities in Tennessee for individuals re-entering the workforce after incarceration or for adult learners seeking a high school equivalent degree.

Tennesseans looking for new job opportunities can also search Jobs4TN.gov, which has hundreds of thousands of job openings across the state. Additionally, Registered Apprenticeship programs offer job seekers the opportunity to learn a skilled trade while still earning a paycheck. Visit ApprenticeshipTN.com for information.

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