Overall unemployment rate moved down to 6.4% with the biggest shift in Transportation & Utilities, which lost 700 roles, based on the most recently available information published in April 2021.
Total employment in the Greensboro-High Point, NC market rose by 1,976 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 6.4%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Greensboro-High Point, NC unemployment rate is 15 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 0.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 77,100; -700
- Manufacturing: 49,900; -200
- Education & Healthcare: 49,900; no change
- Business Services: 45,000; +400
- Government: 41,900; +300
- Restaurants & Hotels: 29,800; no change
- Financial Services: 18,000; +100
- Construction, Mining: 16,000; +300
- Other Jobs: 11,300; -100
- IT & Development: 4,300; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.