Overall unemployment rate moved up to 3.1% with the biggest shift in Government, which gained 600 roles, based on the most recently available information published in June 2022.
Total employment in the Durham-Chapel Hill, NC market rose by 184 jobs in May and the unemployment rate increased compared to the prior month by 30 bps to 3.1%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Durham-Chapel Hill, NC unemployment rate is 28 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Education & Healthcare: 76,300; -400
- Government: 71,000; +600
- Business Services: 52,100; -200
- Transportation & Utilities: 40,300; -200
- Manufacturing: 35,200; +300
- Restaurants & Hotels: 25,900; -200
- Financial Services: 17,800; +200
- Other Jobs: 11,300; +200
- Construction, Mining: 9,500; +200
- IT & Development: 6,600; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.