Van Buren’s latest unemployment rate at 4.3 percent
By Rima Austin | July 5, 2018 2:29 pm
Van Buren County has its lowest unemployment rates since October of 2008.
The most recent reports released by the Tennessee Department of Labor and Workforce Development, showed Van Buren County as having an unemployment rate of 4.3 percent. Greg Wilson, mayor of Van Buren County, accounts the low rates to new and old business.
“There have been a lot of job openings at Dunn Steel,” says Wilson. “We also have a new Subway going in.”
Tennessee Department of Labor reports that 94 counties in Tennessee have reported unemployment rates as being below the 5.0 percent rate, with the remaining counties reporting at exactly 5 percent.
“To see continued low unemployment is great,” Department of Labor and Workforce Development Commissioner Burns Phillips said. “But the decreases we are seeing in our rural and distressed counties show there are new job opportunities statewide.”
According to TDLWD employment projections, available jobs between 2014 and 2024 will increase across the board. The only job areas projected to decline are farming, fishing, and forestry, which are expected to decline by 70 percent by 2024.