Overall unemployment rate moved up to 5.1% with the biggest shift in Restaurants & Hotels, which gained 1,800 roles, based on the most recently available information published in June 2021.
Total employment in the Greensboro-High Point, NC market declined by 2,238 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 5.1%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Greensboro-High Point, NC unemployment rate is 40 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,030 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 1.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 77,900; +200
- Education & Healthcare: 50,700; +400
- Manufacturing: 50,200; +100
- Business Services: 44,100; -1,200
- Government: 42,600; -400
- Restaurants & Hotels: 32,200; +1,800
- Financial Services: 17,900; no change
- Construction, Mining: 16,500; +100
- Other Jobs: 11,500; no change
- IT & Development: 4,300; 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.