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Tri-Cities job creation rate slows, but still growing

Health Care continues to be one of the region’s strongest growth areas

By DON FENLEY

TRI-CITIES, Tenn. –  The August surge in government employment brightened the local jobs picture with 1,900 non-adjusted jobs. The seasonal adjusted number brought the monthly job gains to 200 jobs. That’s 75 fewer than the currently monthly average growth rate.

There are 800 more than this time last year.

The big picture is all of the national labor market slump hasn’t trickled down to the local level year. The job creation growth rate is slowing, but still moving forward.

Here how the monthly gain/loss jobs churn looked.

Job gains

Job losses

 

WHO’S HIRING  

There are 5,545 job openings in NE TN, down from 6,312 this time last month, according to the Jobs4TN website. Firms with the largest number of openings are:

FASTEST JOBS GROWTH  

OCCUPATIONS WITH HIGHEST ESTIMATED WAGES

TOP INDUSTRIES BY JOB OPENINGS

 

WAGES  

The average regional hourly wage is $27.95, up 57 cents from last month.

Tennessee’s average hourly wage is $32.08 an hour, up eight cents from last month.

LABOR FORCE PARTICIPATION RATE  

The NE Tenn. labor force participation rate dropped from 53% to 52.9% in the latest report.

The U.S. rate is 63.2% and it’s 60% in Tennessee.

Johnson Co. has the highest participation rate in NE TN at 54.8%. Unicoi Co. has the lowest current rate at 48.5%.

UNEMPLOYMENT CLAIMS

 For the week ending Sept 14 there were 127 new unemployment claims in NE TN. That’s one fewer than the previous week.

 

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