United States Congress Joint Economic Committee

Tennessee

August 2019

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Tennessee Unemployment (U-3) 3.5% 3.4% 3.5%
U.S. Official Rate (U-3) 3.7% 3.7% 3.9%
U.S. "Real" Rate (U-6) 7.0% 7.2% 7.5%
Tennessee Labor Force Participation Rate 62.2% 62.0% 60.9%
U.S. Labor Force Participation Rate 63.0% 62.9% 62.9%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.6% 1.8% 2.9%
"Core" CPI Inflation 2.1% 2.0% 2.3%
National Gas/gal. Updated 8/21/19 12:00 AM $2.60 $2.77 $2.83
Tennessee Gas/gal. $2.32 $2.52 $2.60
South Region: Loaf of Bread $1.29 $1.28 $1.31
South Region: Milk/gal. $3.25 $3.32 $3.03
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2019 (Advance Estimate)
2.1%
TN Real GDP
Q2/2018
3.6%
S&P 500 (YTD)
16.63% Updated 8/20/19 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
TN Hourly Rate
(No minimum wage required)
Last Generated: 8/21/19 4:31 AM