{"schema_version": 1, "id": "clarksville-tn-ky-msa/finance/2026-10", "product": "Labor Market Pulse", "metro": {"geography_id": 151, "label": "Clarksville, TN-KY MSA", "slug": "clarksville-tn-ky-msa"}, "focus_area": {"key": "finance", "slug": "finance", "label": "Finance"}, "period": "2026-10", "public_after": "2026-10-01", "frozen_at": "2026-11-03T05:08:28.684033+00:00", "headline": "Clarksville unemployment falls as finance pay diverges from national trend.", "headline_summary": "Montgomery County unemployment dropped to 3.6% even as metro job counts shrank, while local FP&A Manager pay fell to $102,239 against a national median climbing to $130,000.", "key_indicators": [{"label": "Montgomery County unemployment", "value": "3.6%", "context": "Down from 4.0% in August 2026"}, {"label": "Metro job growth 2026", "value": "-75 jobs/month avg", "context": "vs +197/month average, prior 5 years"}, {"label": "FP&A Manager advertised pay gap", "value": "$102,239 local vs $130,000 national", "context": "Local down significant, national up moderate"}, {"label": "Tennessee financial activities jobs", "value": "-4,100 over past year", "context": "State unemployment held at 3.4%"}], "takeaways": [{"headline": "Unemployment is falling for the wrong reason.", "body": "Montgomery County's drop to 3.6% unemployment coincides with net job losses metro-wide in 2026, consistent with workers exiting the labor force while employer expansion stays flat. Finance leaders should treat this as a tightening signal for backfills, a sign that the labor market is tighter than headline numbers suggest."}, {"headline": "FP&A Manager pay is sliding against a rising national benchmark.", "body": "Local advertised pay for FP&A Manager fell significantly to $102,239 even as the national median climbed to $130,000, a nearly 22% gap. That divergence raises retention risk for incumbents who can see national postings and may price local roles as underpaid regardless of cost-of-living differences."}, {"headline": "Financial Analyst pay is outrunning the national market.", "body": "Clarksville's Financial Analyst median of $98,654 now sits above the national figure of $94,646, a reversal from typical metro-to-national patterns. This appears to reflect local competition for analytical talent pulled toward logistics, manufacturing and defense-adjacent employers around Fort Campbell."}, {"headline": "Statewide financial-sector job losses complicate local benchmarking.", "body": "Tennessee's financial activities sector lost 4,100 jobs over the past year even as leisure, hospitality and government added headcount. Finance leaders benchmarking against statewide trends should separate sector-specific contraction from the metro's broader labor tightness before setting pay strategy."}], "local_conditions": "Montgomery County's unemployment rate dropped to 3.6% in September from 4.0% in August, even as the metro has averaged a loss of roughly 75 jobs per month through 2026 \u2014 a divergence that reflects a shrinking labor pool more than renewed hiring strength. Fort Campbell-linked demand, logistics and residential construction continue to anchor local employment, but Tennessee's financial activities sector has shed 4,100 jobs statewide over the year, pressuring finance talent to compete with tech and professional-services wage inflation in an increasingly exposed labor pool.", "implications": "Falling unemployment alongside flat-to-declining job counts signals a market where headcount is harder to backfill \u2014 vacancy risk during close and audit cycles rises even as overall hiring volume cools. Divergent advertised pay for Clarksville finance roles \u2014 Financial Analyst up significantly to $98,654 while FP&A Manager fell to $102,239, nearly $28,000 below the national median \u2014 suggests budget owners are pricing roles inconsistently against a tightening labor pool. Consider reviewing role-level advertised pay against national medians before FY2027 headcount planning locks in, particularly for FP&A and analyst roles where local-national gaps have widened.", "looking_ahead": [{"category": "Worth watching", "body": "Montgomery County's unemployment swung from 4.6% in August 2025 to 3.6% this September \u2014 a wide enough range to warrant tracking whether the October print confirms a tightening trend or reflects seasonal noise in a small labor market."}, {"category": "Emerging pressure point", "body": "CFO turnover nationally is projected at 18.3% for 2026, the highest since the pandemic, with external hiring rates up to 37.5%. Smaller finance teams in Clarksville may feel outsized effects if even one senior finance leader departs during close or audit season."}, {"category": "Early indicator", "body": "70% of finance and accounting leaders nationally are increasing contract talent use in H2 2026. Watch whether Clarksville employers follow this shift given the metro's thinner bench of credentialed finance professionals compared to Nashville."}, {"category": "Potential inflection point", "body": "FP&A Manager advertised pay has fallen locally while rising nationally \u2014 a gap that typically either closes through local wage catch-up or widens into a retention problem. The next 60 days of postings data should clarify which direction this is heading."}], "roles": [{"role": "Controller", "data_scope": "metro", "metro_p25": 51204.75, "metro_p50": 112028.0, "metro_p75": 114352.0, "metro_trend_direction": "up", "metro_trend_magnitude": "significant", "national_p50": 115420.0, "national_trend_direction": "up", "national_trend_magnitude": "moderate"}, {"role": "Senior Accountant", "data_scope": "state_rollup", "metro_p25": 72887.5, "metro_p50": 82332.0, "metro_p75": 85906.0, "metro_trend_direction": "stable", "metro_trend_magnitude": "stable", "national_p50": 87731.0, "national_trend_direction": "stable", "national_trend_magnitude": "stable"}, {"role": "Financial Analyst", "data_scope": "metro", "metro_p25": 72000.0, "metro_p50": 98654.4, "metro_p75": 130316.0, "metro_trend_direction": "up", "metro_trend_magnitude": "significant", "national_p50": 94646.0, "national_trend_direction": "stable", "national_trend_magnitude": "stable"}, {"role": "Billing Specialist", "data_scope": "metro", "metro_p25": 37502.0, "metro_p50": 44720.0, "metro_p75": 48071.0, "metro_trend_direction": "up", "metro_trend_magnitude": "significant", "national_p50": 49000.0, "national_trend_direction": "stable", "national_trend_magnitude": "stable"}, {"role": "Tax Specialist", "data_scope": "metro", "metro_p25": 36016.0, "metro_p50": 70720.0, "metro_p75": 90575.0, "metro_trend_direction": "up", "metro_trend_magnitude": "significant", "national_p50": 69556.0, "national_trend_direction": "up", "national_trend_magnitude": "significant"}, {"role": "Credit Analyst", "data_scope": "state_rollup", "metro_p25": 52826.0, "metro_p50": 60770.4, "metro_p75": 65537.25, "metro_trend_direction": "down", "metro_trend_magnitude": "moderate", "national_p50": 71397.0, "national_trend_direction": "stable", "national_trend_magnitude": "stable"}, {"role": "FP&A Manager", "data_scope": "state_rollup", "metro_p25": 83283.0, "metro_p50": 102239.0, "metro_p75": 125210.0, "metro_trend_direction": "down", "metro_trend_magnitude": "significant", "national_p50": 130000.0, "national_trend_direction": "up", "national_trend_magnitude": "moderate"}], "industry_snapshot": [], "citations": [{"source_name": "Tennessee Department of Labor and Workforce Development", "source_url": null, "statement": "Montgomery County unemployment fell to 3.6% in September from 4.0% in August"}, {"source_name": "USA Facts / BLS State and Local Employment Report", "source_url": null, "statement": "Clarksville metro averaged a loss of 75 jobs per month in 2026"}, {"source_name": "Tennessee Department of Labor and Workforce Development", "source_url": null, "statement": "Tennessee financial activities sector lost 4,100 jobs over the past year"}, {"source_name": "Crist|Kolder Associates", "source_url": null, "statement": "CFO turnover projected at 18.3% in 2026, highest since the pandemic"}, {"source_name": "Robert Half / AFP FP&A Forum", "source_url": null, "statement": "70% of finance and accounting leaders increasing contract talent use in H2 2026"}, {"source_name": "WorkSolutions / Montgomery County Labor Market Information", "source_url": null, "statement": "Montgomery County unemployment was 4.6% in August 2025"}], "methodology": "Advertised pay from active employer job postings, not survey data. WageScape's median is calibrated to correct for spurious low-value postings: distribution analysis shows roughly the lowest 10% of raw values are erroneous entries, so the reported median is the 60th percentile of raw advertised pay.", "edition_label": "November 2026", "files": {"html": "clarksville-tn-ky-msa/finance/2026-10.html", "pdf": "clarksville-tn-ky-msa/finance/2026-10.pdf"}, "published_at": "2026-11-03T08:20:02.557902+00:00", "report_html_url": "https://reports.wagescape.com/archive/v1/editions/clarksville-tn-ky-msa/finance/2026-10.html", "report_pdf_url": "https://reports.wagescape.com/archive/v1/editions/clarksville-tn-ky-msa/finance/2026-10.pdf"}