Overall unemployment rate moved up to 3.8% with the biggest shift in Government, which lost 700 roles, based on the most recently available information published in August 2022.
Total employment in the Chattanooga, TN-GA market declined by 1,724 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 3.8%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Chattanooga, TN-GA unemployment rate is 4 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 54,900; +300
- Manufacturing: 36,900; +200
- Education & Healthcare: 35,300; +400
- Government: 35,100; -700
- Restaurants & Hotels: 30,800; +300
- Business Services: 27,600; -600
- Financial Services: 21,300; +200
- Other Jobs: 12,900; +200
- Construction, Mining: 12,100; +100
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.