Overall unemployment rate moved down to 4.2% with the biggest shift in Government, which lost 5,700 roles, based on the most recently available information published in August 2022.
Total employment in the Greensboro-High Point, NC market rose by 853 jobs in July and the unemployment rate decreased compared to the prior month by 30 bps to 4.2%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Greensboro-High Point, NC unemployment rate is 42 bps above the national rate which is a negative sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 7.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Transportation & Utilities: 81,400; +300
- Manufacturing: 52,700; +400
- Education & Healthcare: 50,700; -300
- Business Services: 48,600; +300
- Restaurants & Hotels: 37,900; +300
- Government: 34,900; -5,700
- Construction, Mining: 17,600; +200
- Financial Services: 17,400; no change
- Other Jobs: 12,300; no change
- IT & Development: 4,200; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.