Overall unemployment rate moved down to 3.9% with the biggest shift in Restaurants & Hotels, which gained 800 roles, based on the most recently available information published in September 2021.
Total employment in the Durham-Chapel Hill, NC market rose by 3,032 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 3.9%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Durham-Chapel Hill, NC unemployment rate is 176 bps below the national rate which is a positive sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 3.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Education & Healthcare: 71,400; -300
- Government: 58,800; -700
- Business Services: 51,300; +400
- Transportation & Utilities: 41,200; +400
- Manufacturing: 34,000; +400
- Restaurants & Hotels: 24,200; +800
- Financial Services: 16,600; +200
- Other Jobs: 10,900; no change
- Construction, Mining: 10,000; +100
- IT & Development: 6,000; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.