Overall unemployment rate moved up to 4.4% with the biggest shift in Government, which gained 6,400 roles, based on the most recently available information published in September 2022.
Total employment in the Greensboro-High Point, NC market declined by 488 jobs in August and the unemployment rate increased compared to the prior month by 20 bps to 4.4%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Greensboro-High Point, NC unemployment rate is 61 bps above the national rate which is a negative sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 8.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.0% . Key sectors include:
- Transportation & Utilities: 81,100; -500
- Manufacturing: 52,900; +200
- Education & Healthcare: 51,800; +1,000
- Business Services: 49,500; +900
- Government: 41,300; +6,400
- Restaurants & Hotels: 37,100; -500
- Construction, Mining: 17,400; -200
- Financial Services: 17,100; -100
- Other Jobs: 12,300; no change
- IT & Development: 4,300; +100
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.