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[Note: County Indicators Updated 10/08/15]
  • Seasonally adjusted initial claims for unemployment insurance in Tennessee dropped to an average of 3,632 in September, a new low since at least 1988. [graph]
  • Permits issued for single-family home construction for Tennessee gained strength in September, climbing to 2,062 after seasonal adjustment, similar to the level reported for June. Over the year, single-family unit permits are up 33.6%. Total permits, including multi-family units, are 25.5% higher over the year, indicating strong construction activity for apartments and other multi-family units. [graph]
  • State sales tax collections dipped in September following a very strong showing in August. Collections declined 2.9% from August, seasonally adjusted, but still are up significantly over the year (+6.4%). The most rapid growth occurred in the Kingsport-Bristol, Chattanooga, Nashville, and Knoxville metropolitan areas. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee posted a small gain in September, up 1,900 from August. Over the year, Tennessee nonfarm employment is 1.7% higher, a substantially slower growth rate compared with the summer. Nine of the 10 metropolitan areas in the state experienced job gains over the year. [graph]
  • Unemployment rate for Tennesseee remained at 5.7% in September for the fourth consecutive month. The U.S. unemployment is also steady at 5.1%. The September unemployment rate is less than 6% in six of the 10 metropolitan areas in the state. [graph]
  • Average weekly hours for Tennessee dipped in September to 34.9, down from 35.6 in August. [graph]
  • Average hourly earnings for Tennessee changed little in September, dipping ten cents to $20.90. Hourly earnings remain close to a post-recession high. [graph]

Employment Growth by Industry



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