Overall unemployment rate moved up to 4.9% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in June 2021.
Total employment in the Clarksville, TN-KY market rose by 1,751 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 4.9%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Clarksville, TN-KY unemployment rate is 60 bps below the national rate which is a positive sign.
- Unemployment in the market is 550 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 14.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.7% . Key sectors include:
- Government: 18,700; -100
- Transportation & Utilities: 18,600; +500
- Restaurants & Hotels: 12,900; +1,200
- Education & Healthcare: 12,100; no change
- Manufacturing: 10,600; no change
- Business Services: 9,900; no change
- Construction, Mining: 3,600; no change
- Other Jobs: 3,300; no change
- Financial Services: 3,100; no change
- IT & Development: 1,100; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.