Overton County unemployment rate rises to 5.3% in February

As a further indication the state of Tennessee’s economic turnaround continues, unemployment rates for February 2021 dropped in nearly every county, according to new data from the Department of Labor and Workforce Development.

Ninety counties experienced lower unemployment during the month. Four counties recorded an increase in unemployment, while Smith County’s February rate remained unchanged from the previous month.

Unemployment rates are less than 5% in 39 of the state’s 95 counties and under 10% in the remaining 56 counties.

Overton County’s unemployment rate was 5.3% for February, up from 5.1% in January. Overton had 523 unemployed of a workforce of 9,907. Overton County’s number of employed residents in February was 9,384, down from 9,349 in January. Overton County’s unemployment rate was 4.8% in February 2020.

Overton County is included in the Cookeville Micropolitan Statistical Area, along with Putnam County and Jackson County. Unemployment in the Cookeville MSA was 4.8% in February, down from 5% in January, with 2,428 unemployed of a workforce of 50,207.

Putnam County’s unemployment rate was 4.6% in February, down from 4.9% in January. Putnam had 1,627 unemployed of a workforce of 35,436.

Jackson County’s unemployment rate was 5.7% in February, down from 5.8% in January. Jackson had 278 unemployed of a workforce of 4,864.

Pickett County’s unemployment rate was 5.1% for February, down from January’s rate of 5.2%. Pickett had 113 unemployed of a workforce of 2,202.

Fentress County’s unemployment rate was 5% in February, down from 5.5% in January. Fentress had 373 unemployed of a workforce of 7,507.

Clay County had the state’s 7th highest unemployment rate at 6.9% in February, down from 7% in January. Clay had 189 unemployed of a labor force of 2,753.

Williamson County continued to have the state’s lowest jobless rate in February at 3.1%, down 0.1 of a percentage point from January.

At 8.6%, Lake County had Tennessee’s highest unemployment rate in February, which was a 0.3 of a percentage point increase from January.

Statewide, unemployment dropped to 4.9% in February, down 0.2 of a percentage point from the previous month.

Unemployment also decreased across the United States during the month. The national February rate was 6.2%, a drop of 0.1 of a percentage point.

Currently more than 215,000 job openings are posted on Jobs4TN.gov. Tennesseans looking for work can find programs to help remove barriers to employment by visiting the virtual American Job Center at www.TNVirtualAJC.com.

The department will release the March 2021 statewide unemployment rate Thursday, April 15.