Overall unemployment rate moved down to 2.7% with the biggest shift in Transportation & Utilities, which gained 800 roles, based on the most recently available information published in December 2021.
Total employment in the Chattanooga, TN-GA market rose by 2,159 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 2.7%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Chattanooga, TN-GA unemployment rate is 119 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 12.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 54,800; +800
- Government: 38,700; no change
- Manufacturing: 35,700; +300
- Education & Healthcare: 34,300; -400
- Business Services: 29,100; -400
- Restaurants & Hotels: 26,800; +600
- Financial Services: 22,400; +100
- Other Jobs: 12,900; no change
- Construction, Mining: 11,400; +100
- IT & Development: 2,600; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.