Tennessee unemployment rate drops to record-low 3%

Man with leather bag and book by Ben White is licensed under unsplash.com

Tennessee reached 3% seasonally adjusted unemployment in May, a new low for the state since the statistic began to be tracked in 1976.

Tennessee’s rate is below the 4% nationally for May. Tennessee dropped from 3.1% in April.

"Tennessee's booming economy and strategic investments in workforce development and job creation have set the standard for success nationwide,” Gov. Bill Lee said in a statement. “Now, we're making history with record-low unemployment, ensuring Tennessee remains a beacon of opportunity, security, and freedom for all."

The employment report from the Tennessee Department of Labor and Workforce Development said the state saw 3,300 additional jobs over the month and the number of nonfarm jobs increased by 8,000 over the past year.

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