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Tennessee

  • Seasonally adjusted initial claims for unemployment insurance in Tennessee declined sharply in April following a large increase in March, with the weekly average falling to 4,681 from 6,282. The trend continued to rise due to the prolonged effect of the March increase. [graph]
  • Permits issued for single-family home construction for Tennessee climbed to the highest level of the recovery, rising to 1,901 units in April after seasonal adjustments. Single-family permits are 29.2% higher and total permits are 28.0% higher over the year. [graph]
  • State sales tax collections show a large monthly gain in April following a decline in the previous month. State sales tax collections are 5.1% higher over the year. Five of the 10 metropolitan areas experienced gains of 5% or higher. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee gained modestly in April, rising 6,400 from March. Over the year, the rate of growth of nonfarm employment has slowed to 2.1% from 2.8% six months earlier. [graph]
  • Unemployment rate for Tennessee fell to 6.0% in April, moving closer to the U.S. unemployment rate of 5.4%. The Tennessee unemployment rate has declined more than half a point in the past two months following 10 months of little change. [graph]
  • Average weekly hours for Tennessee fell to 35.0 in April, down 0.2 hours from March. Over the year, weekly hours worked are 0.6% lower. [graph]
  • Average hourly earnings for Tennessee dipped to $20.70 in April, down $0.10 from March. Hourly earnings have changed little over the year. [graph]

Employment Growth by Industry

Housing

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