Overall unemployment rate moved down to 3.2% with the biggest shift in Education & Healthcare, which gained 1,600 roles, based on the most recently available information published in January 2022.
Total employment in the Durham-Chapel Hill, NC market declined by 1,265 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 3.2%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Durham-Chapel Hill, NC unemployment rate is 16 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 November versus prior month by 9.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Education & Healthcare: 78,600; +1,600
- Government: 72,100; +200
- Business Services: 51,500; -1,000
- Transportation & Utilities: 42,700; +900
- Manufacturing: 35,400; -100
- Restaurants & Hotels: 27,800; -400
- Financial Services: 17,700; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.