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

Tennessee

[Note: County Indicators Updated February 5, 2016]
  • Seasonally adjusted initial claims for unemployment insurance in Tennessee declined slightly to a weekly average of 4,116, down from 4,272 in November. The trend shows little change. New initial unemployment insurance claims remain very, very low. [graph]
  • Permits issued for single-family home construction for Tennessee increased above 2,000 units to 2,224 in December following seasonal adjustment, the highest level since December 2007. Single-family permits are 36.9% higher over the year, while total permits, including multi-family units, are 36.7% higher. [graph]
  • State sales tax collections fell in December, after seasonal adjustment, to the lowest level since July, down 2.4% from November. Over the year, however, collections are higher, up 6.1%. All but two metropolitan areas experienced declines from November. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee gained 19,000 from November following annual rebenchmarking by the Bureau of Labor Statistics. Over the year, Tennessee nonfarm employment is 2.3% higher, gaining nearly 65,000 jobs. Nine of the ten metropolitan areas in the state experienced job gains over the year, with five MSAs increasing 2% or more. [graph]
  • Unemployment rate for Tennesseee remain unchanged again at 5.6% in December, showing little change in recent months. The U.S. unemployment remained at 5.0%. The unemployment rate is less than 6% in six of the state's 10 metropolitan areas. [graph]
  • Average weekly hours for Tennessee dropped to 35.2 from 35.5 in November. [graph]
  • Average hourly earnings for Tennessee fell to $20.90 from $21.10 in November. Over the year, average hourly earnings are 3.0% higher. [graph]

Employment Growth by Industry

Housing

News

older news

[See individual MSAs for area headlines.]