Overall unemployment rate moved up to 3.4% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in December 2022.

Total employment in the Kingsport-Bristol-Bristol, TN-VA market declined by 472 jobs in October and the unemployment rate increased compared to the prior month by 40 bps to 3.4%. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Kingsport-Bristol-Bristol, TN-VA unemployment rate is 0 bps below the national rate which is a positive sign.
  • Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
  • Average wages (per hour) grew in October versus prior month by 7.2% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Kingsport-Bristol-Bristol, TN-VA Unemployment October 2022

For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:

  • Transportation & Utilities: 24,100; +100
  • Manufacturing: 20,700; -100
  • Education & Healthcare: 17,800; -100
  • Government: 15,700; -100
  • Business Services: 13,900; no change
  • Restaurants & Hotels: 13,000; +300
Kingsport-Bristol-Bristol, TN-VA Unemployment by Industry October 2022

Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.