Overall unemployment rate moved down to 4.1% with the biggest shift in Restaurants & Hotels, which gained 4,800 roles, based on the most recently available information published in June 2021.
Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market rose by 13,386 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 4.1%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 165 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 2.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 203,900; -600
- Business Services: 175,800; -1,300
- Education & Healthcare: 155,200; +400
- Government: 120,900; -800
- Restaurants & Hotels: 99,800; +4,800
- Manufacturing: 80,500; -1,500
- Financial Services: 72,300; +1,000
- Construction, Mining: 49,700; -600
- Other Jobs: 40,600; +300
- IT & Development: 25,600; +300
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.