Overall unemployment rate moved down to 2.8% with the biggest shift in Restaurants & Hotels, which gained 1,100 roles, based on the most recently available information published in June 2022.
Total employment in the Chattanooga, TN-GA market rose by 985 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 2.8%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Chattanooga, TN-GA unemployment rate is 54 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April 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: 54,300; -400
- Manufacturing: 36,800; +100
- Government: 36,600; -400
- Education & Healthcare: 35,100; +300
- Restaurants & Hotels: 30,000; +1,100
- Business Services: 27,500; +200
- Financial Services: 21,200; +200
- Other Jobs: 12,800; +100
- Construction, Mining: 11,800; +200
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.