Overall unemployment rate moved down to 5.1% with the biggest shift in Government, which gained 6,200 roles, based on the most recently available information published in September 2021.
Total employment in the Greensboro-High Point, NC market rose by 2,314 jobs in August and the unemployment rate decreased compared to the prior month by 30 bps to 5.1%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Greensboro-High Point, NC unemployment rate is 19 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 August versus prior month by 4.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:
- Transportation & Utilities: 77,900; -700
- Manufacturing: 51,000; +500
- Education & Healthcare: 49,800; -300
- Business Services: 44,400; -200
- Government: 36,800; +6,200
- Restaurants & Hotels: 32,900; +700
- Financial Services: 18,300; no change
- Construction, Mining: 16,600; no change
- Other Jobs: 11,600; -200
- IT & Development: 4,300; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.