Overall unemployment rate moved down to 2.7% with the biggest shift in Government, which gained 3,700 roles, based on the most recently available information published in November 2022.
Total employment in the Durham-Chapel Hill, NC market rose by 3,330 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 2.7%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Durham-Chapel Hill, NC unemployment rate is 62 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 77,600; +300
- Government: 69,900; +3,700
- Business Services: 52,800; +600
- Transportation & Utilities: 40,900; -900
- Manufacturing: 35,300; -100
- Restaurants & Hotels: 28,800; no change
- Financial Services: 17,600; -400
- Other Jobs: 11,400; +100
- Construction, Mining: 9,800; +100
- IT & Development: 6,500; -200
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.