Nashville Region Monthly Indicators

Indicators Highlight February 2018:  Both the Nashville MSA and Davidson County saw large drops in unemployment rates between February of 2017 and February 2018. The current unemployment rate of the county fluctuates between 2.4% and 2.6%. For a couple fun facts: Talk-show host Oprah Winfrey, actress Reese Witherspoon, Desperate Housewives star James Denton and former U.S. Vice President Al Gore all grew up in Nashville.


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Workforce February 2018 February 2017 % Change YTD 2018 YTD 2017 % Change
Resident Labor Force (by place of residence) Nashville MSA 996,030 991,150 0.5 996,030 988,305 0.8
Tennessee 3,175,800 3,168,000 0.2 3,175,800 3,165,300 0.3
United States 159,997,000 159,482,000 0.3 159,997,000 159,079,000 0.6
NonAg Employment (by place of employment) Nashville MSA 954,010 954,010 0.0 954,010 948,430 0.6
Tennessee 3,011,800 3,011,800 0.0 3,011,800 2,996,350 0.5
United States 151,594,000 151,594,000 0.0 151,594,000 151,060,500 0.4
Manufacturing Emp Nashville MSA 83,100 84,000 -1.1 83,100 83,600 -0.6
Trade, Trans, Util Emp Nashville MSA 187,900 182,000 3.2 187,900 182,400 3.0
Information Emp Nashville MSA 22,800 23,500 -3.0 22,800 23,350 -2.4
Financial Activities Emp Nashville MSA 66,500 63,300 5.1 66,500 63,100 5.4
Prof/ Bus Svcs Emp Nashville MSA 162,100 157,400 3.0 162,100 157,900 2.7
Educ/ Health Svcs Emp Nashville MSA 153,300 148,600 3.2 153,300 147,400 4.0
Leisure/ Hosplty Emp Nashville MSA 109,800 106,300 3.3 109,800 104,700 4.9
Government Emp Nashville MSA 118,300 118,800 -0.4 118,300 118,500 -0.2
Unemployment December 2017 December 2016 % Change YTD 2017 YTD 2016 % Change
Unemployed Persons (by place of residence) Davidson Co 13,710 13,710 0.0 14,740 -100.0
Nashville MSA 28,160 37,140 -24.2 39,880 -100.0
Unemployment Rate (% by place of residence) Davidson Co 3.6 3.6 0.0 3.9 -100.0
Nashville MSA 2.7 3.7 -27.0 4.0 -100.0
Tennessee 3.4 4.9 -30.6 5.3 -100.0
U.S. 4.1 4.9 -16.3 5.0 -100.0
Revenue and Finance December 2017 December 2016 % Change YTD 2017 YTD 2016 % Change
7.0% Sales Tax Collection Davidson Co $90,423,481 $89,252,854 1.3 $209,063,911 -100.0
Nashville MSA $182,968,552 $182,968,552 0.0 $435,971,742 -100.0
Consumer Price Index US(1982-84=100) 248.991 243.603 2.2 243.2 -100.0
US (1967=100) 729.727 729.727 0.0 728.6 -100.0
South(1982-84=100) 241.123 236.052 2.1 235.8 -100.0
Housing December 2017 December 2016 % Change YTD 2017 YTD 2016 % Change
Residential Closings 1,877 2,507 -25.1 4,451 -100.0
Residential Inventory 5,565 10,372 -46.3 8,530 -100.0
Median Residential Price ($) $281,500 $258,950 8.7 $260,225 -100.0
Condominium Closings 251 286 -12.2 599 -100.0
Condominium Inventory 549 654 -16.1 657 -100.0
Median Condo Price ($) $210,098 $192,400 9.2 $188,375 -100.0

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

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