The Tennessee Dept of Labor has announced that the unemployment tax rate for new construction companies has gone up from 8.1% to 8.6%. The new rate is effective July 1, 2011. The new companies can plan to maintain that rate for at least 3 years until they establish some employment history so that their rate can be adjusted accordingly. As you know the construction industry has been hit particularly hard during this current economic downturn resulting in above average layoffs and thus above average demands on the unemployment trust fund.