Overall unemployment rate moved down to 3.5% with the biggest shift in Business Services, which lost 3,700 roles, based on the most recently available information published in January 2022.
Total employment in the Charlotte-Concord-Gastonia, NC-SC market declined by 7,852 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 3.5%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Charlotte-Concord-Gastonia, NC-SC unemployment rate is 14 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 280,800; +3,400
- Business Services: 234,600; -3,700
- Government: 160,000; +1,000
- Restaurants & Hotels: 143,600; -500
- Education & Healthcare: 138,900; +1,300
- Financial Services: 121,700; +1,200
- Manufacturing: 109,000; +500
- Construction, Mining: 74,200; -900
- Other Jobs: 48,500; -800
- IT & Development: 24,900; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.