Overall unemployment rate moved down to 4.4% with the biggest shift in Restaurants & Hotels, which gained 2,700 roles, based on the most recently available information published in June 2021.
Total employment in the Charlotte-Concord-Gastonia, NC-SC market declined by 5,487 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 4.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Charlotte-Concord-Gastonia, NC-SC unemployment rate is 135 bps below the national rate which is a positive sign.
- Unemployment in the market is 860 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 2.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 249,600; -1,800
- Business Services: 212,600; -1,900
- Government: 155,600; +1,700
- Education & Healthcare: 122,200; -500
- Restaurants & Hotels: 119,600; +2,700
- Financial Services: 108,900; -900
- Manufacturing: 103,200; -500
- Construction, Mining: 69,000; +600
- Other Jobs: 43,500; -100
- IT & Development: 23,400; +100
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.