Overall unemployment rate moved up to 4.0% with the biggest shift in Government, which lost 900 roles, based on the most recently available information published in June 2022.
Total employment in the Greensboro-High Point, NC market declined by 252 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 4.0%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Greensboro-High Point, NC unemployment rate is 62 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 May versus prior month by 4.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 80,700; -300
- Manufacturing: 52,400; +400
- Education & Healthcare: 50,600; +200
- Business Services: 48,000; -400
- Government: 45,300; -900
- Restaurants & Hotels: 36,000; +600
- Financial Services: 17,300; +200
- Construction, Mining: 16,900; +200
- Other Jobs: 12,200; +200
- IT & Development: 4,200; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.