Overton County posts state’s 4th lowest unemployment rate

Overton County had the state’s 4th lowest unemployment rate as rates in a vast majority of Tennessee’s 95 counties continued to drop in June, according to new data from Tennessee Department of Labor and Workforce Development.

Seventy-four counties had lower jobless rates for the month, as Tennessee continues to reopen after many businesses closed in the spring to help curb the spread of COVID-19.

Overton County’s unemployment rate was 7.4% for June, down from 8.7% in May. Overton had 708 unemployed of a workforce of 9,607. Overton County’s number of employed residents in June was 8,899, down from 9,100 in May. Overton County unemployment rate was 3.1% in June 2019.

Overton County is included in the Cookeville Micropolitan Statistical Area, along with Putnam County and Jackson County. Unemployment in the Cookeville MSA was 8.4% in June, down from 9.1% in May, with 4,023 unemployed of a workforce of 47,915.

Putnam County’s unemployment rate was 8.5% in June, down from 9% in May. Putnam had 2,863 unemployed of a workforce of 33,824.

Jackson County’s unemployment rate was 10.1% in June, down from 10.9% in May. Jackson had 452 unemployed of a workforce of 4,484.

Fentress County’s unemployment rate 8.1% in June, up from 6.9% in May. Fentress had 579 unemployed of a workforce of 7,192.

Pickett County had the state’s 3rd lowest unemployment rate at 7.2% in June, down from 7.7% in May. Pickett had 158 unemployed of a workforce of 2,203.

Clay County’s unemployment rate in June was 9.6%, the same as in May. Clay had 241 unemployed of a labor force of 2,517.

Williamson County recorded the lowest unemployment rate in June. At 6.7%, the rate dropped 0.4 of a percentage point when compared to May’s rate. Crockett County’s rate of 6.8% was Tennessee’s 2nd lowest figure for the month, down 0.3 of a percentage point from May.

Shelby County had the state’s highest rate of unemployment in June. Its figure jumped 1.8 percentage points to 13.2%.

Tennessee’s statewide unemployment rate decreased for the second consecutive month. The June 2020 seasonally adjusted unemployment rate is 9.7%, down 1.3 percentage points from May’s revised rate of 11%.

Nationally, seasonally adjusted unemployment dropped by 2.2 percentage points in June, going from 13.3% to 11.1%.

The state of Tennessee will release the statewide unemployment rate for July 2020 Thursday, Aug. 20.