Overall unemployment rate moved down to 3.2% with the biggest shift in Restaurants & Hotels, which gained 4,800 roles, based on the most recently available information published in June 2022.
Total employment in the Charlotte-Concord-Gastonia, NC-SC market rose by 8,563 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 3.2%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Charlotte-Concord-Gastonia, NC-SC unemployment rate is 14 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 1.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 269,100; -1,300
- Business Services: 228,200; +2,400
- Government: 156,800; +1,700
- Restaurants & Hotels: 132,000; +4,800
- Education & Healthcare: 131,000; +100
- Financial Services: 118,200; +1,400
- Manufacturing: 108,300; +1,200
- Construction, Mining: 70,400; -1,900
- Other Jobs: 46,600; +100
- IT & Development: 24,700; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.