Overall unemployment rate moved down to 2.6% with the biggest shift in Transportation & Utilities, which gained 3,800 roles, based on the most recently available information published in January 2022.
Total employment in the Nashville-Davidson--Murfreesboro--Franklin, TN market declined by 12,148 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 2.6%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Nashville-Davidson--Murfreesboro--Franklin, TN unemployment rate is 76 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in November versus prior month by 4.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 224,700; +3,800
- Business Services: 195,400; -1,400
- Education & Healthcare: 172,200; +400
- Restaurants & Hotels: 129,500; -800
- Government: 126,400; -400
- Manufacturing: 84,800; no change
- Financial Services: 76,700; +700
- Construction, Mining: 58,700; +200
- Other Jobs: 45,700; +500
- IT & Development: 28,000; +400
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.