Overall unemployment rate moved up to 2.5% with the biggest shift in Restaurants & Hotels, which gained 6,300 roles, based on the most recently available information published in June 2022.

Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market rose by 6,782 jobs in April and the unemployment rate increased compared to the prior month by 10 bps to 2.5%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.

  • Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 84 bps below the national rate which is a positive sign.
  • Unemployment in the market is 150 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 8.9% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Nashville-Davidson--Murfreesboro--Franklin, TN Unemployment April 2022

For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:

  • Transportation & Utilities: 216,000; -1,900
  • Business Services: 193,300; +1,600
  • Education & Healthcare: 161,800; +1,100
  • Restaurants & Hotels: 124,000; +6,300
  • Government: 122,900; -300
  • Manufacturing: 83,800; +100
  • Financial Services: 76,100; -200
  • Construction, Mining: 54,900; -200
  • Other Jobs: 44,800; +100
  • IT & Development: 27,600; -200
Nashville-Davidson--Murfreesboro--Franklin, TN Unemployment by Industry April 2022

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.