Published: 5/19/2022

TENNESSEE NON-FARM EMPLOYMENT HAS FULLY REBOUNDED FROM THE PANDEMIC, SURPASSING PRE-PANDEMIC LEVELS OF EMPLOYMENT WITH 45,500 MORE PEOPLE HOLDING JOBS NOW THAN IN FEBRUARY 2020. THE TENNESSEE QUARTERLY BUSINESS AND ECONOMIC INDICATORS REPORT ISSUED BY SECRETARY OF STATE TRE HARGETT'S OFFICE SHOWS THAT STATE UNEMPLOYMENT DROPPED TO 3.2%, BELOW THE NATIONAL RATE OF 3.6%. NEW BUSINESS FILINGS IN THE FIRST QUARTER OF 2022 GREW 8.7% FROM FIRST QUARTER FILINGS IN 2021, MARKING 42 CONSECUTIVE QUARTERS OF YEAR-OVER-YEAR GROWTH. OVER 77,000 NEW BUSINESSES FILED OVER THE PAST YEAR AND 21,353 NEW ENTITIES FILED IN THE FIRST QUARTER OF 2022.