Overall unemployment rate moved down to 3.1% with the biggest shift in Business Services, which gained 1,000 roles, based on the most recently available information published in April 2023.
Total employment in the Durham-Chapel Hill, NC market rose by 142 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 3.1%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Durham-Chapel Hill, NC unemployment rate is 79 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 12.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Education & Healthcare: 74,700; +100
- Government: 64,800; +900
- Business Services: 60,600; +1,000
- Transportation & Utilities: 40,800; -400
- Manufacturing: 29,400; +100
- Restaurants & Hotels: 26,700; +100
- Financial Services: 16,300; -100
- Other Jobs: 11,500; no change
- Construction, Mining: 10,000; +100
- IT & Development: 6,200; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.