Overall unemployment rate moved up to 3.3% with the biggest shift in Government, which gained 2,000 roles, based on the most recently available information published in December 2022.
Total employment in the Durham-Chapel Hill, NC market declined by 1,595 jobs in October and the unemployment rate increased compared to the prior month by 60 bps to 3.3%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Durham-Chapel Hill, NC unemployment rate is 10 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 12.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Education & Healthcare: 76,900; -900
- Government: 71,900; +2,000
- Business Services: 52,500; -500
- Transportation & Utilities: 41,900; +700
- Manufacturing: 35,500; +300
- Restaurants & Hotels: 27,900; -200
- Financial Services: 17,600; no change
- Other Jobs: 11,500; +200
- Construction, Mining: 9,700; no change
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.