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Tennessee

  • Seasonally adjusted initial claims for Tennessee dropped in November, falling to 4,173 per week after seasonal adjustments. The trend was little changed. Initial claims are very low, indicating few layoffs among private and government employers. [graph]
  • Permits issued for single-family home construction for Tennessee fell for the third month, dropping to 1,309 for November from 1,382 for October. Over the year, single-family permits are unchanged. However, multi-family construction has increased greatly, causing the total number of permits (single-family plus multi-family) to gain 22% over the year. [graph]
  • State sales tax collections experienced strong gains in November, rising 1.1% from October and 7.3% over the year after seasonal adjustments. Collections of state sales tax in the Nashville MSA are particularly strong. [graph]
  • Seasonally adjusted nonfarm employment for Tennessee dipped in November by 1,900 jobs from the previous month. Over the year, nonfarm employment is 1.9% higher, a gain of 53,900. [graph]
  • Unemployment rate for Tennessee declined to 6.8% in November but remains elevated compared with the U.S. [graph]
  • Average weekly hours for Tennessee rose to 35.5 in November, the highest level since last March. Over the year, weekly hours are slightly higher. [graph]
  • Average hourly earnings for Tennessee were unchanged in November at $20.70. Hourly earnings are just 1.5% higher over the year. [graph]

UPDATED Indicator History .xls 2004-14 (posted 12/11/14)

Employment Growth by Industry

Housing

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[See individual MSAs for area headlines.]