MTSU’s Business and Economic Research Center has filed the last component for the Tri-Cities November jobs story.
I like to think of my reports on the unemployment rates, which are about who has jobs and not where the jobs are located, and the number of jobs in each labor sector as the basics of the monthly story. MTSU’s heat charts are the icing on the cake. They’re color-coded graphics that show how each job sector and the nonfarm total has performed compared to the same months of the previous year.
Green is a good color in the MTSU heat charts. But there’s not a lot of it when you look at the Johnson City MSA. Last year ended on an upswing, but overall 2013 was a tough year. The heat chart tells the story in a percent change from the same month of the previous year format.
Seven of the MSA’s 12 job sectors were negative in November.
The biggest loss areas came in Transportation and Utilities followed by Wholesale Trade and Information.
Job creation picked up in August and helped close out with year with a nonfarm job loss of 0.1%.
Construction led the jobs creation followed by Professional and Business Services then Leisure and Hospitality.
The three-count area’s largest job provider – government – was flat for the year in November and the next largest provider, Education and Health Services, was down 0.7%.
CLICK HERE for the MTSU Johnson City MSA heat cart.
The jobs picture in the four-county Kingsport-Bristol MSA was much better and is driving the region’s upswing for the last part of the year as illustrated by my chart that tracks Tri-Cities nonfarm jobs for 2013 and 2012 against a pre-recession benchmark.
The MSA’s heat chart shows November’s nonfarm jobs 1.3% better than November last year.
November’s biggest jobs growth came in construction followed by the Other Services and Wholesale Trade sectors.
The only sector in the red is Information where job eliminations have made it the biggest percentage job loser all year. The only other down sector in November was Financial Activities.
CLICK HERE for the Kingsport-Bristol MSA heat chart
EARLIER NOV. REPORTS