Overall unemployment rate moved down to 3.7% with the biggest shift in Restaurants & Hotels, which gained 600 roles, based on the most recently available information published in May 2023.
Total employment in the Clarksville, TN-KY market rose by 1,226 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 3.7%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Clarksville, TN-KY unemployment rate is 8 bps above the national rate which is a negative sign.
- Unemployment in the market is 20 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in March versus prior month by -3.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 20,000; -200
- Government: 19,500; +300
- Restaurants & Hotels: 13,300; +600
- Education & Healthcare: 13,300; -100
- Manufacturing: 12,300; +100
- Business Services: 10,200; +100
- Construction, Mining: 4,500; +100
- Financial Services: 3,400; no change
- Other Jobs: 3,400; no change
- IT & Development: 1,300; +100
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.