Overall unemployment rate moved down to 2.9% with the biggest shift in Education & Healthcare, which gained 1,800 roles, based on the most recently available information published in December 2021.
Total employment in the Durham-Chapel Hill, NC market rose by 3,319 jobs in October and the unemployment rate decreased compared to the prior month by 20 bps to 2.9%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Durham-Chapel Hill, NC unemployment rate is 136 bps below the national rate which is a positive sign.
- Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 6.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.1% . Key sectors include:
- Education & Healthcare: 72,100; +1,800
- Government: 65,600; +1,700
- Business Services: 53,900; +1,600
- Transportation & Utilities: 41,200; +400
- Manufacturing: 33,800; +200
- Restaurants & Hotels: 23,500; +600
- Financial Services: 16,500; no change
- Other Jobs: 10,900; no change
- Construction, Mining: 10,300; +400
- IT & Development: 6,000; +100
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.