Overall unemployment rate moved up to 3.6% with the biggest shift in Government, which gained 9,300 roles, based on the most recently available information published in September 2022.
Total employment in the Charlotte-Concord-Gastonia, NC-SC market declined by 13,823 jobs in August and the unemployment rate increased compared to the prior month by 20 bps to 3.6%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Charlotte-Concord-Gastonia, NC-SC unemployment rate is 19 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 2.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 274,200; +100
- Business Services: 231,700; +100
- Government: 149,000; +9,300
- Restaurants & Hotels: 145,900; -1,900
- Education & Healthcare: 134,900; +1,900
- Financial Services: 120,800; +900
- Manufacturing: 109,900; +200
- Construction, Mining: 73,400; +300
- Other Jobs: 47,600; -300
- IT & Development: 25,400; +200
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.