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Labor commissioner reports healthy unemployment trust fund and improved service metrics
Summary
Commissioner Denise Thomas said the Department of Labor and Workforce Development had no audit findings, has low inspection delinquency and sustained timely benefit payments; CFO gave the unemployment trust fund balance as about $1.54 billion and annual benefit expenditures of roughly $200–210 million.
Denise Thomas, commissioner of the Tennessee Department of Labor and Workforce Development, told the committee the department's August 2025 audit returned no findings or observations and highlighted strong performance on benefit timeliness and boiler/elevator inspection delinquency rates.
"Our August 2025 audit resulted in no findings and no observations," Thomas said. Andy Summer, the department's chief financial officer, told senators the unemployment trust fund balance is about $1,540,586,775 and said annual benefit expense is roughly $200–210 million, leaving a margin of about $100 million in revenues over expenses this year.
