Overall unemployment rate moved down to 2.9% with the biggest shift in Business Services, which gained 700 roles, based on the most recently available information published in April 2022.
Total employment in the Chattanooga, TN-GA market rose by 815 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 2.9%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Chattanooga, TN-GA unemployment rate is 85 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 8.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 54,900; -200
- Government: 37,100; +100
- Manufacturing: 36,600; no change
- Education & Healthcare: 35,000; +200
- Restaurants & Hotels: 28,900; +400
- Business Services: 27,400; +700
- Financial Services: 21,200; +200
- Other Jobs: 12,800; no change
- Construction, Mining: 11,500; -100
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.