The Academic Supply and Occupational Demand report highlights the connections between degrees that are being produced in Tennessee and the jobs that are available in the state. This year's report incorporates several meaningful changes from prior years' reports. The Tennessee Higher Education Commission (THEC) and Tennessee Department of Labor and Workforce Development (TDLWD) worked to update the way in which they identify "in-demand" occupations. THEC has also updated the way in which they estimate degrees produced and expected to be produced in the coming year. This new method favors simplicity and factors in an average annual growth rate to estimate degree production for the coming year. This report is divided into five sections: (1) "COVID-19 and Implications for Supply and Demand Analyses" highlights the limitations of supply and demand analyses during the tumultuous economic circumstances created by the ongoing COVID-19 pandemic; (2) "Degrees Produced and Expected" presents historical production and a one-year projection of postsecondary credentials to be awarded by public, private, and proprietary institutions in Tennessee through 2021 using data from the Integrated Postsecondary Educational Data System (IPEDS); (3) "State Workforce Needs" identifies the top 25 high-demand occupations in terms of projected annual growth in Tennessee through 2028. Additionally, this section lists the top 15 occupations by projected growth through 2026 by region. This section also lists the most oversupplied programs of study in Tennessee, for which there are substantially more postsecondary graduates than job opportunities; (4) "Employment Rates for Programs of Study" displays the employment data for students graduating from programs of study that lead to in-demand jobs; and (5) "Limitations and Conclusions" describes the caveats in these analyses and summarizes the key takeaways of the report. [This report is the result of a collaboration between THEC, TDLWD, and the Department of Economic and Community Development (ECD). For the 2019-2020 report, see ED604688.]