Unemployment fell two-tenths of a percentage point last month to 5.1 percent in both Tennessee and Georgia, according to job figures released today.
Although both states boasted faster job growth than the nation as a whole, the jobless rate in Tennessee and Georgia remained above the U.S. rate of 4.6 percent. State officials said an influx of workers in both states is keeping unemployment higher than the national average.
In Tennessee, the March jobless rate this year was a half percent higher than a year ago even though the Volunteer State added 65,000 jobs over the past 12 months. The workforce in Tennessee grew by 72,900 in the past 12 months.
“This report shows Tennesseans are finding work in a growing workforce,” Tennessee Labor Commissioner Burns Phillips said. “When the labor force grows quicker than residents can find work, unemployment rates take a hit and that’s exactly what we’ve seen over the past 12 months.”
From February to March in Tennessee, the total nonfarm employment increased by 8,600 jobs.
