Overall unemployment rate moved down to 3.1% with the biggest shift in Government, which lost 2,200 roles, based on the most recently available information published in August 2022.
Total employment in the Durham-Chapel Hill, NC market rose by 4,982 jobs in July and the unemployment rate decreased compared to the prior month by 30 bps to 3.1%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Durham-Chapel Hill, NC unemployment rate is 68 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 78,000; +800
- Government: 65,000; -2,200
- Business Services: 51,100; +100
- Transportation & Utilities: 42,000; +400
- Manufacturing: 35,500; +300
- Restaurants & Hotels: 28,300; +1,400
- Financial Services: 18,000; no change
- Other Jobs: 11,400; no change
- Construction, Mining: 9,500; -200
- IT & Development: 6,600; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.