Data shows only one county in Tennessee with unemployment rate above 5% | Tennessee

0

(The Center Square) — Only one county in Tennessee, Perry, now has an unemployment rate above 5% according to new data released in April by the Tennessee Department of Labor and Workforce Development.

Williamson County had the lowest unemployment rate at 2% while Moore (2.1%), Wilson (2.3%), Chester (2.4%) and Sumner (2.4%) counties ) had the next lowest rates while several counties were at 2.5%.

Overall, Tennessee has an all-time low unemployment rate of 3.2%, the same as it was see you in march. The national unemployment rate stands at 3.6%.

In April, 12 counties in Tennessee saw their unemployment rates drop while 60 saw slight increases and 23 counties remained the same.

In a recent WalletHub surveyTennessee was ranked as having the 19th best recovery in the unemployment rate following the COVID-19 pandemic in the country.

“In order to identify the states with the most rebounding unemployment rates, WalletHub compared the 50 states and the District of Columbia based on six key metrics that compare unemployment rate statistics from the last month for which data is available (April 2022) on key dates in 2019, 2020 and 2021,” the report said.

Tennessee showed a 78.5% improvement since April 2020 with its unemployment rate and a 2.7% improvement since April 2019 and a 30.6% improvement since April 2021. The state also showed improvement 24.4% since April 2019 of current unemployment claims.

Utah, Nebraska, Indiana, Montana and Minnesota were ranked as having the best rebounds while the District of Columbia, New Mexico, Delaware, Hawaii, Connecticut, Alaska and Texas experienced the worst rebounds.

WalletHub analyst Jill Gonzalez said a hike in federal rates and rising inflation will impact the unemployed.

“Rising inflation has a direct impact on the unemployed. Finding a job immediately is critical as costs continue to rise and a recession looms,” Gonzalez said. “The good news is that there are jobs to be had. Jobs in logistics, catering and hospitality are in high demand right now, so these areas could be good places to start.”

These factors mean that employees need to be selective when looking for a new job.

“The most important thing unemployed workers should look for when choosing which companies to apply to is compensation that is appropriate for their field and skill level. Since there is currently a shortage of jobs, workers are in excellent position to negotiate a meaningful compensation package,” Gonzalez said. “Other desirable features are the ability to work from home at least part of the time, measures to prevent the spread of COVID-19, a positive and friendly work environment and a short commute.”

Share.

Comments are closed.