Economic Indicators

2019 ANNUAL AVERAGES

LABOR FORCECOUNTYLABOR MARKET AREA*
Civilian Labor Force23,685139,983
Employment22,624134,145
Unemployment1,0615,828
Unemployment Rate4.5%4.4%

*Labor Market Area is defined as Cumberland, Bledsoe, Fentress, Morgan, Overton, Putnam, Rhea, Roane, Van Buren, and White Counties in Tennessee.

2020 EMPLOYED POPULATION (AGE 16+) BY INDUSTRY

INDUSTRY%
Agriculture3.7%
Construction7.8%
Manufacturing14.8%
Wholesale Trade2.2%
Retail Trade10.7%
Transportation / Utilities5.5%
Information1.4%
Finance / Insurance / Real Estate4.9%
Services44.3%
Public Administration4.6%

Source: ESRI

MANUFACTURING IN AREA (Annual Averages 2019)

DESCRIPTIONTOTALS
Number of Units56
Ann. Avg. Employment2,173
Ann. Avg. Weekly Wage$864

Source: Tennessee Department of Labor and Workforce Development

PER CAPITA PERSONAL INCOME

DESCRIPTION
Year2020
Amount$25,575

Source: ESRI

MEDIAN HOUSEHOLD INCOME

DESCRIPTION
Year2020
Amount$45,689

Source: ESRI

RETAIL SALES

DESCRIPTION
Year2019
Amount$996,459,922

Source: Tennessee Department of Revenue

AVERAGE HOME SALES

DESCRIPTION
Year2019
Number of Homes Sold1,120
Average Cost$195,647
Median Home Value$173,562

Source: Tennessee Housing Development Agency