Overall unemployment rate moved down to 3.9% with the biggest shift in Restaurants & Hotels, which gained 2,900 roles, based on the most recently available information published in June 2021.

Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market rose by 5,482 jobs in May and the unemployment rate decreased compared to the prior month by 20 bps to 3.9%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.

  • Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 160 bps below the national rate which is a positive sign.
  • Unemployment in the market is 620 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 7.1% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Nashville-Davidson--Murfreesboro--Franklin, TN Unemployment May 2021

For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:

  • Transportation & Utilities: 204,700; +1,000
  • Business Services: 178,000; +2,500
  • Education & Healthcare: 153,300; -1,400
  • Government: 120,800; -200
  • Restaurants & Hotels: 102,300; +2,900
  • Manufacturing: 81,700; +1,300
  • Financial Services: 74,600; +2,100
  • Construction, Mining: 49,900; +400
  • Other Jobs: 40,600; -200
  • IT & Development: 25,500; -100
Nashville-Davidson--Murfreesboro--Franklin, TN Unemployment by Industry May 2021

Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.