Tennessee job growth maintains tight labor market; Georgia jobless rate falls to near 2-decade low

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Tennessee employers continued to add jobs at a faster pace than the U.S. average over the past 12 months, creating nearly two open jobs for every Tennessean still out of work.

The Tennessee Department of Labor and Workforce Development said Thursday the state's jobless rate edged higher in June due to more workers coming into the labor market than the 9,600 additional jobs added across the state in June. But even with the uptick in the jobless rate from the historic low reached this spring, Tennessee's unemployment rate last month of 3.4% was well below the U.S. jobless rate of 3.7%.

"I don't think this monthly increase in the unemployment rate means anything in terms of the underlying economic performance and direction of Tennessee's economy," said Dr. Bill Fox, director of the Boyd Center for Business and Economic Research.