Morristown Kingsport - Bristol Johnson City Knoxville Cleveland Nashville Jackson Memphis chattanooga clarksville tennessee


[Note: County Indicators Updated 10/08/15]
  • Seasonally adjusted initial claims for unemployment insurance in Tennessee dropped in August to an average of 4,101 per week, the lowest since the beginning of our data in 1990. Layoff activity in Tennessee is indeed very, very low. [graph]
  • Permits issued for single-family home construction for Tennessee were virtually unchanged in August at 1,852 after seasonal adjustment, similar to levels reported for May and July. Over the year, single-family unit permits have gained 15%. Total permits, including multi-family units, are 68.1% higher over the year, indicating very strong construction activity for apartments and other multi-family units. [graph]
  • State sales tax collections are accelerating, rising a whopping 2.8% from August after seasonal adjustments. State sales tax collections are 8.4% higher over the year, with the most rapid growth occurring in the Nashville, Knoxville, and Clarksville metropolitan areas. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee jumped 6,700 from July, a 0.2% monthly increase. Nine of the 10 metropolitan areas in the state experienced job gains over the year. Over the year, Tennessee nonfarm employment is 1.9% higher. [graph]
  • Unemployment rate for Tennessee remained at 5.7% in August, but the U.S. rate dropped to 5.1%. The July unemployment rate is less than 6% in four of the 10 metropolitan areas in the state. [graph]
  • Average weekly hours for Tennessee gained in August, rising to 35.6 from 35.2 in July. Weekly hours worked are at the highest level this year. [graph]
  • Average hourly earnings for Tennessee climbed to $21 in August, a new high. [graph]

Employment Growth by Industry



older news

[See individual MSAs for area headlines.]