Nashville Region Monthly Indicators

Indicators Highlight September 2017:  The Nashville MSA's unemployment rate is at 2.3% for September 2017, and Davidson County's unemployment rate is even lower at 2.2%.  This reflects the extremely tight labor market in the region, as the Nashville region has some of the lowest unemployment in the nation.


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Workforce September 2017 September 2016 % Change YTD 2017 YTD 2016 % Change
Resident Labor Force (by place of residence) Nashville MSA 1,020,550 980,420 4.1 1,001,037 967,033 3.5
Tennessee 3,223,400 3,175,000 1.5 3,180,522 3,141,889 1.2
United States 161,049,000 159,636,000 0.9 160,224,667 159,293,667 0.6
NonAg Employment (by place of employment) Nashville MSA 997,310 941,070 6.0 969,354 933,416 3.9
Tennessee 3,130,000 3,015,400 3.8 3,049,622 2,990,967 2.0
United States 154,494,000 151,977,000 1.7 152,958,444 151,333,556 1.1
Manufacturing Emp Nashville MSA 83,100 84,300 -1.4 83,633 82,889 0.9
Trade, Trans, Util Emp Nashville MSA 186,300 177,500 5.0 183,667 176,956 3.8
Information Emp Nashville MSA 23,100 21,900 5.5 23,433 21,567 8.7
Financial Activities Emp Nashville MSA 63,800 61,200 4.2 63,978 60,700 5.4
Prof/ Bus Svcs Emp Nashville MSA 165,000 152,900 7.9 161,067 152,378 5.7
Educ/ Health Svcs Emp Nashville MSA 152,000 149,200 1.9 149,033 145,800 2.2
Leisure/ Hosplty Emp Nashville MSA 113,900 102,100 11.6 110,444 100,400 10.0
Government Emp Nashville MSA 121,000 116,800 3.6 117,433 114,011 3.0
Unemployment September 2017 September 2016 % Change YTD 2017 YTD 2016 % Change
Unemployed Persons (by place of residence) Davidson Co 8,600 14,840 -42.0 11,650 12,988 -10.3
Nashville MSA 23,240 39,350 -40.9 31,683 34,798 -9.0
Unemployment Rate (% by place of residence) Davidson Co 2.2 3.9 -43.6 3.0 3.5 -14.3
Nashville MSA 2.3 4.0 -42.5 3.2 3.6 -11.5
Tennessee 2.9 5.0 -42.0 4.1 4.7 -12.7
U.S. 4.1 4.8 -14.6 4.5 4.9 -7.5
Revenue and Finance September 2017 September 2016 % Change YTD 2017 YTD 2016 % Change
7.0% Sales Tax Collection Davidson Co $106,930,987 $ 101,291,879 5.6 $940,723,124 $895,528,588 5.0
Nashville MSA $213,843,759 $ 205,380,807 4.1 $1,905,149,599 $1,820,522,330 4.6
Consumer Price Index US(1982-84=100) 246.819 241.428 2.2 244.620 239.4 2.2
US (1967=100) 739.359 723.21 2.2 732.772 717.5 2.1
South(1982-84=100) 239.649 234.069 2.4 237.003 232.2 2.1
Housing September 2017 September 2016 % Change YTD 2017 YTD 2016 % Change
Residential Closings 3,008 2,882 4.4 25,513 24,389 4.6
Residential Inventory 6,380 11,886 -3.9 5,774 8,545 -7.0
Median Residential Price ($) $280,000 $256,900 9.0 $277,232 $252,102 10.0
Condominium Closings 362 390 -7.2 3,441 3,284 4.8
Condominium Inventory 538 785 -10.8 506 554 -8.6
Median Condo Price ($) $223,450 $188,495 18.5 $201,085 $186,503 7.8

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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