Nashville Region Monthly Indicators

Indicators Highlight May 2018: Unemployment continues to slowly drop for the area, with an average rate of 2.2% in Davidson County versus 3.8% for the United States. Our fun fact for the month is that the infamous Double Tree Hotel cookies that are served to guests all across the nation are made locally by Christie Cookie Company, which just unveiled a new 12 South location in early July 2018. 


Survey Central

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Workforce May 2018 May 2017 % Change YTD 2018 YTD 2017 % Change
Resident Labor Force (by place of residence) Nashville MSA 1,034,600 996,150 3.9 1,014,992 993,102 2.2
Tennessee 3,237,500 3,152,400 2.7 3,199,820 3,163,100 1.2
United States 161,539,000 159,979,000 1.0 160,505,000 159,487,200 0.6
NonAg Employment (by place of employment) Nashville MSA 1,000,600 973,610 2.8 977,312 959,826 1.8
Tennessee 3,056,800 3,061,100 -0.1 3,028,840 3,022,760 0.2
United States 148,455,000 153,407,000 -3.2 151,086,400 152,076,800 -0.7
Manufacturing Emp Nashville MSA 82,500 83,800 -1.6 83,000 83,840 -1.0
Trade, Trans, Util Emp Nashville MSA 190,900 184,200 3.6 186,700 182,960 2.0
Information Emp Nashville MSA 23,100 23,500 -1.7 23,140 23,440 -1.3
Financial Activities Emp Nashville MSA 66,800 64,700 3.2 65,240 63,680 2.4
Prof/ Bus Svcs Emp Nashville MSA 166,900 160,900 3.7 162,360 159,160 2.0
Educ/ Health Svcs Emp Nashville MSA 151400 151,400 0 150,280 149,260 0.7
Leisure/ Hosplty Emp Nashville MSA 115,300 110,200 4.6 110,580 107,120 3.2
Government Emp Nashville MSA 120,200 120,600 -0.3 119,560 119,880 -0.3
Unemployment May 2018 May 2017 % Change YTD 2018 YTD 2017 % Change
Unemployed Persons (by place of residence) Davidson Co 8,270 12,298
Nashville MSA 23,900 22,540 6.0 29,056 33,278 -12.7
Unemployment Rate (% by place of residence) Davidson Co 2.2 2.1 -22.2 3.1 3.2 -3.8
Nashville MSA 2.3 2.3 0.0 2.8 3.4 -15.5
Tennessee 3.5 2.9 20.7 3.9 4.4 -12.2
U.S. 3.8 4.1 -7.3 4.2 4.6 -9.1
Revenue and Finance May 2018 May 2017 % Change YTD 2018 YTD 2017 % Change
7.0% Sales Tax Collection Davidson Co $108,255,814 $106,300,963 1.8 $548,738,198 $515,061,909 6.5
Nashville MSA $231,758,426.39 $215,873,480 7.4 $1,067,397,259 $1,051,512,312 1.5
Consumer Price Index US(1982-84=100) 251.588 244.733 2.8 248 244 1.5
US (1967=100) 733.11 0.0 731
South(1982-84=100) 243.279 236.774 2.7 240 236
Housing May 2018 May 2017 % Change YTD 2018 YTD 2017 % Change
Residential Closings 2,785 2,726 2.2 9,489 4,451 113.2
Residential Inventory 5,947 5,450 9.1 5,698 8,530 -33.2
Median Residential Price ($) $295,000 $275,000 7.3 290,877 $260,225 11.8
Condominium Closings 421 355 18.6 1,318 599 120.0
Condominium Inventory 617 495 24.6 569 657 -13.4
Median Condo Price ($) $222,750 $195,255 14.1 216,425 $188,375 14.9

Sources: TN Dept of Labor and Workforce Development, US Dept of Commerce, TN Dept of Revenue, Greater Nashville Association of Realtors, mysidewalk

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