to figures released May 26, 2016, Columbia and Maury County continue to enjoy
declining jobless rates with the release of April’s figures which show
employment data through April 2016, among the most impressive declines
most recent labor report from the Tennessee Department of Labor and Workforce
Development includes a number of promising statistics showing continued
improvements to unemployment and increased job growth in Maury County and
County's employment rate fell by 0.3% again in April 2016 to a 3.3%
unemployment rate. The change from a year prior was 1.6% from April 2016 when
unemployment was at 5.1%. Per the report, Maury County has 42,860 people in the
labor pool with 41,320 employed.
March 2016 3.6% low is a boon to economic development in the Greater Columbia
Area, as city staff and partners at Maury Alliance use the notable data to show
incoming and prospective industries look to the city and region to consider
expansion and relocation.
generally consider 5% "full employment" - 5% the rate indicating
normal unemployment levels in a typical, healthy economy.
Columbia, the report revealed a similar drop, a higher decline comparing 2015
and 2016, albeit slightly, than for the county. The drop is most likely
attributable to continued growth and expansion of new and existing businesses
as the city enjoys new business openings and expansions almost weekly.
City of Columbia unemployment rate for February, 4.3%,
dropped 0.2% from February to March 2016. The unemployment rate also dropped an
impressive 1.6% compared to March 2015, the rate one year ago at 5.9%.
has 16,690 people in the labor pool with 15,970 employed according to the most
recent March 2016 data.
City is encouraged by continued economic growth trends in business and
workforce development within Columbia and the Greater Columbia Area.