- Seasonally adjusted initial claims for Tennessee dropped sharply in March to a weekly average of 4,849. Claims had followed a rising trend since November.
- Permits issued for single-family home construction for Tennessee for Tennessee fell 4.4% in March after seasonal adjustments. Of more concern is the continuation of weakness in the trend, which has been in decline since last summer. Over the year, single-family construction is 9.6% higher, while multi-family construction is up 18.6%.
- State sales tax collections jumped higher in March after seasonal adjustments, rising 4.0% from February. Over the year, collections are up 5.4%.
- Seasonally adjusted nonfarm employment for Tennessee rose 0.2% in March, a gain of 4,200 jobs from February. The rate of growth of job creation in the private sector remained at 2.1% over the year.
- Unemployment rate for Tennessee fell to 6.7% in March, equaling the U.S. unemployment rate for the first time in nearly two years. Rising employment and a steady labor force caused the decline in the unemployment rate.
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