Overall unemployment rate stayed flat at 3.3% with the biggest shift in Restaurants & Hotels, which gained 800 roles, based on the most recently available information published in April 2023.
Total employment in the Chattanooga, TN-GA market rose by 2,567 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Chattanooga, TN-GA unemployment rate is 59 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in February versus prior month by 0.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 54,100; -500
- Manufacturing: 39,300; no change
- Government: 37,800; +700
- Education & Healthcare: 36,700; +500
- Business Services: 31,300; +700
- Restaurants & Hotels: 28,300; +800
- Financial Services: 20,900; no change
- Construction, Mining: 13,100; +100
- Other Jobs: 12,600; no change
- IT & Development: 3,400; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.