Overall unemployment rate moved up to 3.2% with the biggest shift in Government, which gained 1,300 roles, based on the most recently available information published in September 2022.
Total employment in the Durham-Chapel Hill, NC market declined by 5,120 jobs in August and the unemployment rate increased compared to the prior month by 10 bps to 3.2%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Durham-Chapel Hill, NC unemployment rate is 59 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 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 6.8% 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:
- Education & Healthcare: 77,800; -200
- Government: 66,300; +1,300
- Business Services: 51,600; +400
- Transportation & Utilities: 41,800; -300
- Manufacturing: 35,400; -100
- Restaurants & Hotels: 28,300; -100
- Financial Services: 17,900; -100
- Other Jobs: 11,300; -100
- Construction, Mining: 9,700; +200
- IT & Development: 6,800; +100
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.