Overall unemployment rate moved down to 3.7% with the biggest shift in Transportation & Utilities, which gained 1,100 roles, based on the most recently available information published in February 2022.
Total employment in the Greensboro-High Point, NC market rose by 1,868 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 3.7%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Greensboro-High Point, NC unemployment rate is 1 bps above the national rate which is a negative sign.
- Unemployment in the market is 320 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 10.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 82,700; +1,100
- Manufacturing: 52,900; +500
- Education & Healthcare: 49,200; -500
- Business Services: 46,100; +600
- Government: 41,600; -200
- Restaurants & Hotels: 31,900; +300
- Financial Services: 18,000; no change
- Construction, Mining: 16,700; +200
- Other Jobs: 11,600; no change
- IT & Development: 4,300; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.