Economic Indicators

2019 ANNUAL AVERAGES

LABOR FORCECOUNTYLABOR MARKET AREA*
Civilian Labor Force 23,685 139,983
Employment 22,624 134,145
Unemployment 1,061 5,828
Unemployment Rate 4.5% 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%
Agriculture 3.7%
Construction 7.8%
Manufacturing 14.8%
Wholesale Trade 2.2% Public Administration 4.6%
Retail Trade 10.7%
Transportation / Utilities 5.5%
Information 1.4%
Finance / Insurance / Real Estate 4.9%
Services 44.3%
Wholesale Trade 2.2% Public Administration 4.6%

Source: ESRI

MANUFACTURING IN AREA (Annual Averages 2019)

DESCRIPTIONTOTALS
Number of Units 56
Ann. Avg. Employment 2,173
Ann. Avg. Weekly Wage $864

Source: Tennessee Department of Labor and Workforce Development

PER CAPITA PERSONAL INCOME

DESCRIPTION
Year 2020
Amount $25,575

Source: ESRI

MEDIAN HOUSEHOLD INCOME

DESCRIPTION
Year 2020
Amount $45,689

Source: ESRI

RETAIL SALES

DESCRIPTION
Year 2019
Amount $996,459,922

Source: Tennessee Department of Revenue

AVERAGE HOME SALES

DESCRIPTION
Year 2019
Number of Homes Sold 1,120
Average Cost $195,647
Median Home Value $173,562

Source: Tennessee Housing Development Agency