Overall unemployment rate moved up to 5.3% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in April 2021.
Total employment in the Kingsport-Bristol-Bristol, TN-VA market declined by 147 jobs in March and the unemployment rate increased compared to the prior month by 30 bps to 5.3%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Kingsport-Bristol-Bristol, TN-VA unemployment rate is 88 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 0.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 23,100; no change
- Manufacturing: 20,300; +200
- Education & Healthcare: 17,100; no change
- Government: 15,600; no change
- Business Services: 13,800; no change
- Restaurants & Hotels: 11,400; +200
- Other Jobs: 5,400; no change
- Construction, Mining: 5,200; +100
- Financial Services: 3,600; no change
- IT & Development: 1,000; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.