Overall unemployment rate stayed flat at 2.9% with the biggest shift in Manufacturing, which gained 500 roles, based on the most recently available information published in December 2021.
Total employment in the Chattanooga, TN-GA market rose by 602 jobs in October and the unemployment rate stayed flat. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Chattanooga, TN-GA unemployment rate is 136 bps below the national rate which is a positive sign.
- Unemployment in the market is 320 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 12.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 53,900; -100
- Government: 38,700; +200
- Manufacturing: 35,500; +500
- Education & Healthcare: 34,700; +500
- Business Services: 29,500; +400
- Restaurants & Hotels: 26,100; -100
- Financial Services: 22,200; no change
- Other Jobs: 12,400; +100
- Construction, Mining: 11,300; -200
- IT & Development: 2,600; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.