Overall unemployment rate moved up to 4.2% with the biggest shift in Restaurants & Hotels, which gained 2,600 roles, based on the most recently available information published in April 2021.
Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market declined by 790 jobs in March and the unemployment rate increased compared to the prior month by 20 bps to 4.2%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 198 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 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 4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 204,700; +2,200
- Business Services: 176,700; -200
- Education & Healthcare: 154,800; +500
- Government: 122,800; +2,600
- Restaurants & Hotels: 95,400; +2,600
- Manufacturing: 81,800; +200
- Financial Services: 71,300; -200
- Construction, Mining: 50,200; +400
- Other Jobs: 40,400; +400
- IT & Development: 25,300; +400
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.