Overall unemployment rate moved down to 4.0% with the biggest shift in Education & Healthcare, which gained 600 roles, based on the most recently available information published in April 2022.
Total employment in the Greensboro-High Point, NC market rose by 2,288 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 4.0%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Greensboro-High Point, NC unemployment rate is 25 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 6.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 81,000; -200
- Manufacturing: 51,900; +200
- Education & Healthcare: 50,700; +600
- Business Services: 47,700; -100
- Government: 45,400; -100
- Restaurants & Hotels: 33,500; -100
- Financial Services: 17,400; no change
- Construction, Mining: 17,200; +400
- Other Jobs: 11,900; +100
- IT & Development: 4,200; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.