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<div class=\"blog-text\">
<h2>Overall unemployment rate moved down to 4.7% with the biggest shift in Business Services, which lost 400 roles, based on the most recently available information published in April 2021.</h2>

<p>Total employment in the Cleveland, TN market declined by 335 jobs in February and the unemployment rate decreased compared to the prior month by 50 bps to 4.7%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Cleveland, TN unemployment rate is 185 bps below the national rate which is a positive sign.</li>
	<li><i class=\"fa fa-check-circle\"></i> Unemployment in the market is 90 bps above the unemployment rate in the market last year at this time, which is a negative.</li>
	<li><i class=\"fa fa-check-circle\"></i> Average wages (per hour) stayed flat in February versus prior month and are down compared to last year at this time in the market.</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading text-center w-50 h-3\">Month over Month Unemployment Change</div>

<div class=\"heading text-center w-50 h-3\">Year over Year Unemployment Change</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC  Unemployment October 2020.png\"><img alt=\"Cleveland, TN Unemployment February 2021\" class=\"img-responsive center-block\" height=\"750\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Cleveland%2C%20TN%20February%202021%20Bar%20Charts.png\" width=\"3241\" /></a></div>

<p>For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Transportation &amp; Utilities: 12,700; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Manufacturing: 8,500; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Education &amp; Healthcare: 5,600; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Government: 5,400; +200</li>
	<li><i class=\"fa fa-check-circle\"></i> Restaurants &amp; Hotels: 4,700; +200</li>
	<li><i class=\"fa fa-check-circle\"></i> Business Services: 4,500; -400</li>
	<li><i class=\"fa fa-check-circle\"></i> Other Jobs: 2,200; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Construction, Mining: 2,200; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Financial Services: 1,300; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> IT &amp; Development: 200; no change</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading logo h-3\">Employment Change by Key Sector</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC Unemployment by Industry October 2020.png\"><img alt=\"Cleveland, TN Unemployment by Industry February 2021\" class=\"img-responsive center-block\" height=\"1084\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Cleveland%2C%20TN%20February%202021%20Bubble%20Charts.png\" width=\"2566\" /> </a></div>

<p><i>Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021).&nbsp; Source: Government data agency and locally acquired statistics.</i></p>

<p><i>Note: All reported data is not seasonally adjusted.</i></p>
</div>


market-summary

Employment Snapshot - Cleveland, TN February-2021

<div class=\"blog-text\">
<h2>Overall unemployment rate moved down to 5.2% with the biggest shift in Business Services, which lost 300 roles, based on the most recently available information published in March 2021.</h2>

<p>Total employment in the Cleveland, TN market declined by 2,286 jobs in January and the unemployment rate decreased compared to the prior month by 90 bps to 5.2%. The national unemployment rate increased by 31 bps over the same time to 6.8%.</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Cleveland, TN unemployment rate is 161 bps below the national rate which is a positive sign.</li>
	<li><i class=\"fa fa-check-circle\"></i> Unemployment in the market is 140 bps above the unemployment rate in the market last year at this time, which is a negative.</li>
	<li><i class=\"fa fa-check-circle\"></i> Average wages (per hour) declined in January versus prior month by -3.0% and are down compared to last year at this time in the market.</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading text-center w-50 h-3\">Month over Month Unemployment Change</div>

<div class=\"heading text-center w-50 h-3\">Year over Year Unemployment Change</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC  Unemployment October 2020.png\"><img alt=\"Cleveland, TN Unemployment January 2021\" class=\"img-responsive center-block\" height=\"797\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Cleveland%2C%20TN%20January%202021%20Bar%20Charts.png\" width=\"3242\" /></a></div>

<p>For key employment segments of the market, total jobs declined by -1.6%. Key sectors include:</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Transportation &amp; Utilities: 12,800; -300</li>
	<li><i class=\"fa fa-check-circle\"></i> Manufacturing: 8,500; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Education &amp; Healthcare: 5,700; -200</li>
	<li><i class=\"fa fa-check-circle\"></i> Government: 5,400; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Business Services: 4,900; -300</li>
	<li><i class=\"fa fa-check-circle\"></i> Restaurants &amp; Hotels: 4,700; +100</li>
	<li><i class=\"fa fa-check-circle\"></i> Other Jobs: 2,200; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Construction, Mining: 2,200; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> Financial Services: 1,300; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> IT &amp; Development: 200; no change</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading logo h-3\">Employment Change by Key Sector</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC Unemployment by Industry October 2020.png\"><img alt=\"Cleveland, TN Unemployment by Industry January 2021\" class=\"img-responsive center-block\" height=\"1109\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Cleveland%2C%20TN%20January%202021%20Bubble%20Charts.png\" width=\"2566\" /> </a></div>

<p><i>Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021).&nbsp; Source: Government data agency and locally acquired statistics.</i></p>

<p><i>Note: All reported data is not seasonally adjusted.</i></p>
</div>


Employment Snapshot - Cleveland, TN January-2021

Posts in Cleveland, TN

Employment Snapshot - Cleveland, TN February-2021

Employment Snapshot - Cleveland, TN January-2021