Overall unemployment rate moved down to 3.2% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in June 2023.
Total employment in the Clarksville, TN-KY market rose by 864 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 3.2%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Clarksville, TN-KY unemployment rate is 10 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -1.8% 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: 20,100; +100
- Government: 19,500; no change
- Restaurants & Hotels: 13,400; +300
- Education & Healthcare: 13,300; no change
- Manufacturing: 12,200; -100
- Business Services: 10,500; +300
- Construction, Mining: 4,400; no change
- Other Jobs: 3,400; no change
- Financial Services: 3,300; -100
- IT & Development: 1,200; -100
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.