Tennesseans are filing for unemployment in record numbers, yet a new report from the Sycamore Institute says the state’s unemployment benefits and related employer taxes are among the lowest in the nation. As the coronavirus pandemic continues with a potential second wave expected, more families are relying on unemployment insurance to stay financially afloat.
U.S. Department of Labor statistics show that Rutherford County saw an unemployment rate of 16.7% in April and then that rate dropped to 12.6% in May. Tennessee as a whole has an unemployment rate of 11.3% for the most recent month reviewed, May 2020. That number is significantly lower when compared to April of this year when the jobless rate climbed to 15.5%
Sycamore Institute policy director Mandy Pellegrin says COVID-19 has left many wondering what the future holds for the state's system.