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Tennessee

NEW: UPDATED Indicator History .xls 2004-14 (posted 12/11/14)
  • Seasonally adjusted initial claims for Tennessee changed little in October, increasing to 4,571 per week from 4,507 in September. The trend declined slightly. Initial claims remain very low for the state. [graph]
  • Permits issued for single-family home construction for Tennessee dropped for the second month, falling to 1,382 in October. Over the year, single-family permits are down 5.4%. However, due to a boom in multi-family construction in the Nashville MSA, total permits (including multifamily homes) are up 40.9% over the year. [graph]
  • State sales tax collections experienced strong gains in November, rising 1.1% from October and 7.3% over the year after seasonal adjustments. Collections of state sales tax in the Nashville MSA are particularly strong. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee rose 7,900 in October from the previous month. Over the year, nonfarm employment is 2.2% higher, a gain of 59,800. [graph]
  • Unemployment rate for Tennessee declined to 7.1% in October, down from a recent peak of 7.4% for August. Tennessee's unemployment rate remains elevated compared with 5.8% for the U.S. [graph]
  • Average weekly hours for Tennessee fell to 34.8 in October. Hours worked are down 1.4% over the year. [graph]
  • Average hourly earnings for Tennessee gained $0.10 in October to $20.70 after seasonal adjustments. Hourly earnings are just 2.0% higher over the year. [graph]

Employment Growth by Industry

Housing

News

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[See individual MSAs for area headlines.]