Overall unemployment rate moved down to 3.3% with the biggest shift in Government, which gained 1,300 roles, based on the most recently available information published in September 2022.
Total employment in the Chattanooga, TN-GA market declined by 2,051 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 3.3%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Chattanooga, TN-GA unemployment rate is 49 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 5.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 55,100; -200
- Manufacturing: 37,100; +300
- Government: 35,700; +1,300
- Education & Healthcare: 34,700; +200
- Restaurants & Hotels: 30,700; -600
- Business Services: 26,900; -400
- Financial Services: 22,000; +300
- Other Jobs: 13,000; no change
- Construction, Mining: 12,300; +200
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.