2019-2020 REFERENCE GUIDE TENNESSEE’S ECONOMY

Tennessee’s economy experienced a historic increase in unemployment from 109,312 in March 2020 to 482,906 and an unemployment rate of 15 percent in April as the response to the coronavirus pandemic caused business closures throughout the state. By June 2020, the unemployment rate had dropped to 10.1 percent; however, 324,508 individuals were still unemployed. Due to the unprecedented challenges to the workforce system, this is creating, this year’s Tennessee’s Economy report contains real-time data on the effects of the pandemic through June 2020, as well as analyzing economic trends through 2019. Download the document below to read more.