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Unemployment rate drops in Marion

Posted on Tuesday, January 30, 2024 at 12:11 pm

Ninety-three of Tennessee’s 95 counties recorded lower unemployment rates in August 2023, according to new data from the Department of Labor and Workforce Development (TDLWD). Unemployment for the month remained unchanged in Cheatham and Lauderdale counties.

Ninety-three counties recorded rates below 5% in August, while two had rates slightly above the 5% mark.

Moore County had Tennessee’s lowest unemployment rate in August. At 2.4%, its statistic dropped 0.3 of a percentage point from July’s rate of 2.7%. Both Sevier and Williamson counties had rates of 2.5%, a decrease for both counties of 0.2 of a percentage rate when compared to their previous month’s rates of 2.7%.

Lauderdale County had the state’s highest unemployment rate at 5.8%, which was the same as its rate in July. Bledsoe County had the next highest rate for August. At 5.2%, its rate decreased by an entire percentage point between July and August.

Statewide, unemployment remained at Tennessee’s historic low level. The seasonally adjusted rate was unchanged from July’s record rate of 3.1%.

Marion County saw a good dip in its unemployment rate, with a drop of .7% to an even 4% unemployment rate. State numbers show that of the 12,444 members of the Marion County labor force, 11,944 are employed while 500 are unemployed.

Across the nation, unemployment increased in August. The new seasonally adjusted rate is 3.8% which is an increase of 0.3 of a percentage point from the July unemployment rate.

The Marion Tribune – October 5, 2023