Overall unemployment rate moved down to 2.9% with the biggest shift in Government, which gained 1,800 roles, based on the most recently available information published in April 2022.
Total employment in the Durham-Chapel Hill, NC market rose by 3,564 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 2.9%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Durham-Chapel Hill, NC unemployment rate is 124 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 February versus prior month by 5.9% and are down 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:
- Education & Healthcare: 77,300; +300
- Government: 68,600; +1,800
- Business Services: 51,100; +1,200
- Transportation & Utilities: 40,900; no change
- Manufacturing: 34,800; +400
- Restaurants & Hotels: 24,400; +900
- Financial Services: 17,100; +100
- Other Jobs: 10,900; -100
- Construction, Mining: 9,300; +200
- IT & Development: 6,500; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.