Overall unemployment rate moved up to 3.0% with the biggest shift in Government, which lost 2,900 roles, based on the most recently available information published in March 2022.
Total employment in the Durham-Chapel Hill, NC market declined by 3,301 jobs in January and the unemployment rate increased compared to the prior month by 50 bps to 3.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Durham-Chapel Hill, NC unemployment rate is 143 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 8.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.6%. Key sectors include:
- Education & Healthcare: 77,200; +800
- Government: 66,800; -2,900
- Business Services: 49,400; -300
- Transportation & Utilities: 40,700; -2,200
- Manufacturing: 34,300; -300
- Restaurants & Hotels: 23,600; -200
- Financial Services: 17,000; -200
- Other Jobs: 11,000; -100
- Construction, Mining: 9,200; -100
- IT & Development: 6,400; -100
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.