Overall unemployment rate moved up to 3.1% with the biggest shift in Business Services, which gained 1,100 roles, based on the most recently available information published in June 2022.

Total employment in the Chattanooga, TN-GA market declined by 1,088 jobs in May and the unemployment rate increased compared to the prior month by 30 bps to 3.1%. The national unemployment rate increased by 4 bps over the same time to 3.4%.

  • Chattanooga, TN-GA unemployment rate is 28 bps below the national rate which is a positive sign.
  • Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 8.7% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Chattanooga, TN-GA Unemployment May 2022

For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:

  • Transportation & Utilities: 54,600; no change
  • Manufacturing: 36,700; no change
  • Government: 35,700; -900
  • Education & Healthcare: 34,800; -300
  • Restaurants & Hotels: 30,900; +800
  • Business Services: 28,700; +1,100
  • Financial Services: 21,100; -100
  • Other Jobs: 12,600; -100
  • Construction, Mining: 12,000; +200
  • IT & Development: 3,000; no change
Chattanooga, TN-GA Unemployment by Industry May 2022

Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.