Overall unemployment rate moved down to 3.1% with the biggest shift in Business Services, which gained 300 roles, based on the most recently available information published in June 2022.

Total employment in the Hickory-Lenoir-Morganton, NC market rose by 525 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 3.1%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.

  • Hickory-Lenoir-Morganton, NC unemployment rate is 24 bps below the national rate which is a positive 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 April versus prior month by 13% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Hickory-Lenoir-Morganton, NC Unemployment April 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

  • Manufacturing: 41,700; +100
  • Transportation & Utilities: 31,000; -100
  • Government: 22,800; +100
  • Education & Healthcare: 18,900; +100
  • Business Services: 15,100; +300
  • Restaurants & Hotels: 12,500; -200
  • Construction, Mining: 5,200; no change
  • Other Jobs: 4,600; no change
  • Financial Services: 3,100; no change
  • IT & Development: 700; no change
Hickory-Lenoir-Morganton, NC Unemployment by Industry April 2022

Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.