Overall unemployment rate moved down to 2.9% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in June 2022.
Total employment in the Kingsport-Bristol-Bristol, TN-VA market rose by 28 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 2.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Kingsport-Bristol-Bristol, TN-VA unemployment rate is 44 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 April versus prior month by 3.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 23,400; -400
- Manufacturing: 20,300; +100
- Education & Healthcare: 17,600; +100
- Government: 15,700; -200
- Business Services: 13,800; +200
- Restaurants & Hotels: 13,100; +200
- Other Jobs: 5,700; +100
- Construction, Mining: 5,400; no change
- Financial Services: 3,800; +100
- IT & Development: 1,100; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.