Overall unemployment rate moved down to 4.1% with the biggest shift in Transportation & Utilities, which gained 1,900 roles, based on the most recently available information published in January 2022.
Total employment in the Greensboro-High Point, NC market declined by 757 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 4.1%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Greensboro-High Point, NC unemployment rate is 74 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 November versus prior month by 8.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 84,200; +1,900
- Manufacturing: 52,700; -100
- Education & Healthcare: 52,100; +400
- Business Services: 50,100; -200
- Government: 45,400; +400
- Restaurants & Hotels: 37,800; +200
- Construction, Mining: 17,300; -300
- Financial Services: 17,100; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.