Overall unemployment rate moved up to 5.3% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in July 2021.
Total employment in the Chattanooga, TN-GA market declined by 651 jobs in June and the unemployment rate increased compared to the prior month by 140 bps to 5.3%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Chattanooga, TN-GA unemployment rate is 79 bps below the national rate which is a positive sign.
- Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 9.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 53,500; +100
- Government: 35,200; +100
- Manufacturing: 34,900; +400
- Education & Healthcare: 34,000; +200
- Business Services: 28,300; no change
- Restaurants & Hotels: 26,500; +500
- Financial Services: 22,700; +100
- Other Jobs: 12,500; +200
- Construction, Mining: 11,500; +300
- IT & Development: 2,600; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.