Chattanooga's unemployment rate falls to an all-time low in April
Unemployment in the Chattanooga area dropped in April to its lowest level in history as employers continued to hire more workers even as the size o...
Unemployment in the Chattanooga area dropped in April to its lowest level in history as employers continued to hire more workers even as the size of the local workforce dropped during the month. Despite higher interest rates pushed up by the Federal Reserve Board's attempt to slow the economy and inflation, the Tennessee Department of Labor and Workforce Development said the jobless rate in the six-county Chattanooga metropolitan area fell by four tenths of a percentage point in April to 2.6%. Chattanooga's nonseasonally adjusted unemployment rate in April matched Tennessee's overall rate and was the lowest monthly rate since the state began keeping comparable records over the past three decades.