Overall unemployment rate moved down to 3.7% with the biggest shift in Government, which gained 5,700 roles, based on the most recently available information published in September 2021.
Total employment in the Durham-Chapel Hill, NC market rose by 1,197 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 3.7%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Durham-Chapel Hill, NC unemployment rate is 159 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Education & Healthcare: 70,500; -900
- Government: 62,200; +5,700
- Business Services: 52,700; +1,500
- Transportation & Utilities: 40,900; -300
- Manufacturing: 33,700; -100
- Restaurants & Hotels: 23,200; -700
- Financial Services: 16,600; no change
- Other Jobs: 10,900; no change
- Construction, Mining: 10,000; no change
- IT & Development: 6,000; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.