Overall unemployment rate moved down to 3.0% with the biggest shift in Government, which gained 4,500 roles, based on the most recently available information published in November 2021.
Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market declined by 2,218 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 3.0%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 156 bps below the national rate which is a positive sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 209,000; +1,800
- Business Services: 180,900; -2,500
- Education & Healthcare: 156,800; +2,800
- Government: 121,500; +4,500
- Restaurants & Hotels: 106,800; -1,400
- Manufacturing: 80,400; -1,100
- Financial Services: 75,800; +500
- Construction, Mining: 49,700; +100
- Other Jobs: 41,300; no change
- IT & Development: 25,900; +400
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.