Overall unemployment rate moved down to 3.8% with the biggest shift in Restaurants & Hotels, which gained 1,400 roles, based on the most recently available information published in June 2022.
Total employment in the Greensboro-High Point, NC market rose by 1,540 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 3.8%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Greensboro-High Point, NC unemployment rate is 46 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 6.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 81,300; -200
- Manufacturing: 52,100; +300
- Education & Healthcare: 50,300; -400
- Business Services: 48,300; +100
- Government: 46,200; +800
- Restaurants & Hotels: 35,500; +1,400
- Financial Services: 17,100; -300
- Construction, Mining: 16,900; -200
- Other Jobs: 12,000; +100
- IT & Development: 4,100; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.