Overall unemployment rate moved up to 4.1% with the biggest shift in Transportation & Utilities, which lost 2,700 roles, based on the most recently available information published in March 2023.
Total employment in the Greensboro-High Point, NC market declined by 519 jobs in January and the unemployment rate increased compared to the prior month by 50 bps to 4.1%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Greensboro-High Point, NC unemployment rate is 24 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 9.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.3%. Key sectors include:
- Transportation & Utilities: 82,900; -2,700
- Education & Healthcare: 52,600; -1,300
- Manufacturing: 50,800; no change
- Business Services: 45,800; -700
- Government: 43,500; -400
- Restaurants & Hotels: 36,600; +300
- Construction, Mining: 17,600; -100
- Financial Services: 16,800; no change
- Other Jobs: 12,600; no change
- IT & Development: 4,000; +100
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.