Overall unemployment rate moved down to 2.6% with the biggest shift in Transportation & Utilities, which gained 3,000 roles, based on the most recently available information published in December 2021.
Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market rose by 11,379 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 2.6%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 129 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 7.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 214,200; +3,000
- Business Services: 185,400; -200
- Education & Healthcare: 156,900; +800
- Government: 122,100; -100
- Restaurants & Hotels: 108,000; +900
- Manufacturing: 82,400; +400
- Financial Services: 76,300; +600
- Construction, Mining: 49,000; -400
- Other Jobs: 41,400; -100
- IT & Development: 27,000; +500
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.