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Tennessee

    NOTE: Employment, earnings, and unemployment data for January will not be available until mid-March due to the annual benchmarking process.
  • Seasonally adjusted initial claims for unemployment insurance in Tennessee rose in January to a weekly average of 4,593. Though January marks the second consecutive rise, the level of claims remains very low and just slightly above the trend. [graph]
  • Permits issued for single-family home construction for Tennessee rose again in January, up 9.0% from December following seasonal adjustments. Single-family permits have grown 36.9% over the year, reaching the highest level of construction activity since 2008. Total construction permits, however, including both single-family and multi-family units, are down from the previous month and are 12.3% lower over the year due to a decline in multi-family construction activity. [graph]
  • State sales tax collections climbed 3.9% in January from the previous month after seasonal adjustment. State sales tax collections for Tennessee are 7.9% higher over the year and are up by 7% or more in five of the 10 metropolitan areas. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee rose 12,500 in December from the previous month. Over the year, nonfarm employment is 2.4% higher, a gain of 66,200 (seasonally adjusted). [graph]
  • Unemployment rate for Tennessee declined to 6.6% in December from 6.8% in the previous month. The U.S. unemployment rate also fell, with Tennessee remaining a full percentage point higher than the U.S. [graph]
  • Average weekly hours for Tennessee fell to 35.2 in December, down slightly from the previous month. Over the year, weekly hours are down 1.1%. [graph]
  • Average hourly earnings for Tennessee fell to $20.40 in December from $20.70 in the previous month. Hourly earnings are down 1.0% over the year and have been trending lower over the previous twelve months. [graph]

Employment Growth by Industry

Housing

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