Overall unemployment rate moved up to 3.7% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in June 2021.
Total employment in the Durham-Chapel Hill, NC market declined by 2,276 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 3.7%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Durham-Chapel Hill, NC unemployment rate is 180 bps below the national rate which is a positive sign.
- Unemployment in the market is 740 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 2.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Education & Healthcare: 71,400; -800
- Government: 63,000; -800
- Business Services: 49,900; +500
- Transportation & Utilities: 40,000; no change
- Manufacturing: 33,200; +200
- Restaurants & Hotels: 22,300; +1,200
- Financial Services: 16,200; +100
- Other Jobs: 10,800; no change
- Construction, Mining: 9,700; -100
- IT & Development: 5,800; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.