Tennessee’s seasonally-adjusted unemployment rate rose sharply in July, the largest monthly increase in more than five years. But economists say there’s no cause for alarm.
The rate rose from 6.6 percent in June to 7.1 percent last month. The last time the rate increased half a percentage point from one month to another was March of 2009. At that time, in the midst of the Great Recession, Tennessee’s rate rose from 9.6 percent to 10.1 percent.