Overall unemployment rate moved down to 3.3% with the biggest shift in Transportation & Utilities, which gained 6,900 roles, based on the most recently available information published in December 2021.
Total employment in the Charlotte-Concord-Gastonia, NC-SC market rose by 3,668 jobs in November and the unemployment rate decreased compared to the prior month by 30 bps to 3.3%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Charlotte-Concord-Gastonia, NC-SC unemployment rate is 59 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 1.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 260,800; +6,900
- Business Services: 224,100; +1,100
- Government: 157,700; +1,200
- Education & Healthcare: 126,700; +1,600
- Restaurants & Hotels: 126,400; -1,200
- Financial Services: 111,000; -1,500
- Manufacturing: 102,100; +200
- Construction, Mining: 69,800; -1,900
- Other Jobs: 45,100; +600
- IT & Development: 24,000; +200
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.