Overall unemployment rate moved down to 4.7% with the biggest shift in Education & Healthcare, which gained 700 roles, based on the most recently available information published in April 2021.
Total employment in the Durham-Chapel Hill, NC market rose by 3,966 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 4.7%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Durham-Chapel Hill, NC unemployment rate is 185 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 2.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Education & Healthcare: 71,200; +700
- Government: 63,600; +700
- Business Services: 49,100; +400
- Transportation & Utilities: 39,100; no change
- Manufacturing: 33,600; +500
- Restaurants & Hotels: 20,100; +600
- Financial Services: 16,100; +100
- Other Jobs: 10,800; no change
- Construction, Mining: 9,400; no change
- IT & Development: 5,800; +100
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.