Overall unemployment rate moved down to 4.2% with the biggest shift in Transportation & Utilities, which gained 1,500 roles, based on the most recently available information published in December 2021.
Total employment in the Greensboro-High Point, NC market rose by 1,703 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 4.2%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Greensboro-High Point, NC unemployment rate is 6 bps below the national rate which is a positive 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 October versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Transportation & Utilities: 80,100; +1,500
- Manufacturing: 52,400; +600
- Education & Healthcare: 50,300; +300
- Business Services: 45,600; +900
- Government: 41,400; +700
- Restaurants & Hotels: 32,500; +900
- Financial Services: 18,100; no change
- Construction, Mining: 16,500; -200
- Other Jobs: 11,600; +100
- IT & Development: 4,300; no change
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.