Overall unemployment rate moved down to 3.5% with the biggest shift in Business Services, which gained 1,000 roles, based on the most recently available information published in June 2023.
Total employment in the Greensboro-High Point, NC market rose by 1,543 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 3.5%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Greensboro-High Point, NC unemployment rate is 40 bps above the national rate which is a negative sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in April versus prior month by 11.1% 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:
- Transportation & Utilities: 82,600; -800
- Education & Healthcare: 54,700; +400
- Manufacturing: 50,700; -200
- Business Services: 46,700; +1,000
- Government: 44,900; +200
- Restaurants & Hotels: 36,800; +200
- Construction, Mining: 17,300; -300
- Financial Services: 16,500; -200
- Other Jobs: 12,700; no change
- IT & Development: 4,000; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.