Overall unemployment rate moved down to 4.1% with the biggest shift in Business Services, which gained 1,500 roles, based on the most recently available information published in April 2022.
Total employment in the Greensboro-High Point, NC market rose by 2,086 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 4.1%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Greensboro-High Point, NC unemployment rate is 4 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 5.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 81,100; +200
- Manufacturing: 51,600; +500
- Education & Healthcare: 49,600; +200
- Business Services: 48,100; +1,500
- Government: 45,500; +100
- Restaurants & Hotels: 33,100; no change
- Financial Services: 17,300; +100
- Construction, Mining: 16,800; +300
- Other Jobs: 11,800; -100
- IT & Development: 4,200; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.