Overall unemployment rate moved down to 3.8% with the biggest shift in Government, which lost 500 roles, based on the most recently available information published in June 2021.
Total employment in the Chattanooga, TN-GA market rose by 1,370 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 3.8%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Chattanooga, TN-GA unemployment rate is 195 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,030 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 6.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 53,100; -400
- Government: 36,500; -500
- Manufacturing: 34,300; +100
- Education & Healthcare: 34,300; -300
- Business Services: 27,700; -200
- Restaurants & Hotels: 24,800; no change
- Financial Services: 22,100; +100
- Other Jobs: 12,100; +100
- Construction, Mining: 11,100; no change
- IT & Development: 2,500; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.