Overall unemployment rate moved down to 3.7% with the biggest shift in Government, which lost 4,600 roles, based on the most recently available information published in September 2021.
Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market rose by 20,519 jobs in July and the unemployment rate decreased compared to the prior month by 90 bps to 3.7%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 196 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 July versus prior month by 7.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 207,300; +900
- Business Services: 181,500; +2,500
- Education & Healthcare: 153,900; +2,500
- Government: 113,200; -4,600
- Restaurants & Hotels: 109,500; +3,600
- Manufacturing: 81,400; -600
- Financial Services: 74,400; +500
- Construction, Mining: 50,100; +100
- Other Jobs: 42,400; +900
- IT & Development: 25,400; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.