Overall unemployment rate moved up to 3.2% with the biggest shift in Transportation & Utilities, which lost 1,700 roles, based on the most recently available information published in March 2023.
Total employment in the Durham-Chapel Hill, NC market declined by 4,264 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 3.2%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Durham-Chapel Hill, NC unemployment rate is 66 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 January versus prior month by 8.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.3%. Key sectors include:
- Education & Healthcare: 74,500; -700
- Government: 63,900; -1,100
- Business Services: 59,300; -900
- Transportation & Utilities: 41,100; -1,700
- Manufacturing: 29,400; +100
- Restaurants & Hotels: 26,600; no change
- Financial Services: 16,400; -100
- Other Jobs: 11,600; no change
- Construction, Mining: 9,900; no change
- IT & Development: 6,200; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.