Overall unemployment rate moved down to 4.0% with the biggest shift in Education & Healthcare, which gained 3,500 roles, based on the most recently available information published in April 2021.
Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market rose by 1,959 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 4.0%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 255 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 3.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 201,900; -1,600
- Business Services: 177,300; +1,600
- Education & Healthcare: 154,000; +3,500
- Government: 119,800; +100
- Restaurants & Hotels: 92,400; -1,800
- Manufacturing: 81,500; +500
- Financial Services: 71,200; -200
- Construction, Mining: 49,700; +200
- Other Jobs: 39,900; +1,100
- IT & Development: 25,000; +100
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.