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Tennessee

  • Seasonally adjusted initial claims for unemployment insurance in Tennessee increased in February to a weekly average of 5,339 compared with 4,593 for January. Though they remain at a low level, initial claims have increased in three consecutive months, suggesting rising layoff activity. [graph]
  • Permits issued for single-family home construction for Tennessee rose sharply in December, climbing to 1,699 seasonally adjusted units, the highest level since August 2014. Total construction permits, including both single-family and multi-family units, also gained significantly in December. Over the year, single-family units are 26.3% higher and total units are up 24.0%. [graph]
  • State sales tax collections fell 2.1% in February from the previous month following seasonal adjustment. The lower level of collections compared with January is likely due to poor weather. State sales tax collections for Tennessee are 7.7% higher over the year and are up by 8% or more in eight of the 10 metropolitan areas. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee rose 8,300 in January from the previous month. Over the year, nonfarm employment is 2.6% higher, a gain of 71,700. The January figure reflects the new statistical benchmark. (seasonally adjusted). [graph]
  • Unemployment rate for Tennessee was virtually unchanged in January at 6.7%. The U.S. unemployment rate has declined during the past year, yet the Tennessee unemployment rate has changed little. [graph]
  • Average weekly hours for Tennessee climbed to 35.3 in January compared with 35.1 in the previous month. Over the year, weekly hours worked show little change. [graph]
  • Average hourly earnings for Tennessee rose to $20.60 in January from $20.30 in the previous month, reflecting newly benchmarked data from the Bureau of Labor Statistics. Hourly earnings remain lower than last summer. [graph]

Employment Growth by Industry

Housing

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