For the first time since early April, the number of Tennesseans newly applying for unemployment assistance increased last week by about 5%.
The number of Tennesseans newly applying for — and receiving — unemployment continues to slow. For the first time since March, fewer than 20,000 people newly asked for help last week.
Tennessee’s unemployment rate is the worst it’s been in a generation, and reflects the most sudden loss of jobs on record, state officials say. The April unemployment rate was 14.7%, which matches the national figure.
Some Tennesseans who have lost their jobs during the COVID-19 pandemic will soon receive an extra $600 per week in their bank account.
It’s first time there’s been a decrease in three years. Payments are going down about one percent, but the decrease could be short lived.