Overall unemployment rate moved down to 2.5% with the biggest shift in Restaurants & Hotels, which lost 800 roles, based on the most recently available information published in February 2022.
Total employment in the Durham-Chapel Hill, NC market declined by 122 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 2.5%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Durham-Chapel Hill, NC unemployment rate is 119 bps below the national rate which is a positive sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 8.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Education & Healthcare: 72,800; -300
- Government: 65,600; -500
- Business Services: 53,600; +400
- Transportation & Utilities: 42,900; +800
- Manufacturing: 33,900; no change
- Restaurants & Hotels: 23,000; -800
- Financial Services: 16,400; +100
- Other Jobs: 10,900; no change
- Construction, Mining: 9,800; -200
- IT & Development: 6,200; +200
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.