Overall unemployment rate moved up to 3.4% with the biggest shift in Government, which lost 3,800 roles, based on the most recently available information published in August 2022.
Total employment in the Durham-Chapel Hill, NC market declined by 2,632 jobs in June and the unemployment rate increased compared to the prior month by 40 bps to 3.4%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Durham-Chapel Hill, NC unemployment rate is 44 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 June versus prior month by 3.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Education & Healthcare: 77,200; +300
- Government: 67,200; -3,800
- Business Services: 51,000; -800
- Transportation & Utilities: 41,700; +1,100
- Manufacturing: 35,500; +300
- Restaurants & Hotels: 26,700; +1,200
- Financial Services: 17,900; +100
- Other Jobs: 11,300; no change
- Construction, Mining: 9,700; +200
- IT & Development: 6,600; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.