States · Tennessee

Tennessee Economy — Live Data

Tennessee sits in the South, with an economy built around healthcare, automotive, and music/entertainment. The state's unemployment rate is 3.6% — below the national rate of 4.2%. Every number on this page pulls live from federal statistical sources.

Unemployment Rate
3.6%
▼ Below US average (4.2%)
Nonfarm Jobs
3.38M
→ +0.2% jobs YoY
House Prices (YoY)
+3.5%
▲ Rising
Per-Capita Income
$69K
▲ +4.3% vs prior year
Tennessee vs. United States — Unemployment
Tennessee
3.6%
United States
4.2%

Tennessee is outperforming the national labor market. Unemployment of 3.6% is 0.6 points below the US rate — a sign of relative strength in local hiring.

Jobs & Output
Nonfarm payrolls
3.38M
Job growth (YoY)
+0.2%
Real GDP (2025)
$449B
GDP growth (YoY)
+2.1%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in Tennessee: healthcare, automotive, and music/entertainment.

What this means if you live or work in Tennessee
💼
Job market
With unemployment below the national average, employers in Tennessee are competing for workers — leverage for job seekers and wage pressure for businesses.
🏠
Housing
House prices are rising moderately (+3.5% YoY) — a balanced market by recent standards.
💵
Income
Per-capita personal income in Tennessee is $69,131, up 4.3% from the prior year. Compare against national inflation to gauge real purchasing power.
🏭
Key industries
Tennessee's economy leans on healthcare, automotive, and music/entertainment — sector-specific national trends (energy prices, rates, consumer spending) hit this state through those channels first.
Key Numbers — Tennessee
Unemployment3.6%
US unemployment4.2%
Nonfarm jobs3.38M
House prices YoY+3.5%
Per-capita income$69,131
Real GDP$449B
Labor data as ofMay 2026
Nearby States
Kentucky economy → Georgia economy → Alabama economy → North Carolina economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) — series TNUR, TNNA, TNSTHPI, TNPCPI, TNRGSP — plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.