Unemployment in Tennessee Drops Slightly in July

Tennessee’s economy continued to show signs of recovery from the COVID-19 health emergency in July. Tennessee’s preliminary, seasonally adjusted unemployment rate for July 2020 was 9.5%. That is a 0.1 of a percentage point decrease from the previous month’s revised rate of 9.6%. The latest jobless rate is 6.1 percentage points higher than it was a year ago in July 2019. Across the United States, unemployment also decreased in July. The preliminary, seasonally adjusted national unemployment rate is 10.2%, a 0.9 of a percentage point drop from the previous month’s rate. The July rate for the nation is 6.5 percentage points higher than it was one year ago.