Overall unemployment rate moved down to 3.4% with the biggest shift in Government, which lost 1,600 roles, based on the most recently available information published in August 2022.

Total employment in the Hickory-Lenoir-Morganton, NC market rose by 148 jobs in July and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

  • Hickory-Lenoir-Morganton, NC unemployment rate is 38 bps below the national rate which is a positive sign.
  • Unemployment in the market is 140 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 12.3% 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 July 2022

For key employment segments of the market, total jobs declined by -1.5%. Key sectors include:

  • Manufacturing: 42,000; -100
  • Transportation & Utilities: 31,300; +100
  • Government: 20,400; -1,600
  • Education & Healthcare: 19,000; no change
  • Business Services: 14,700; -400
  • Restaurants & Hotels: 12,700; -400
  • Construction, Mining: 5,300; -100
  • Other Jobs: 4,800; +100
  • Financial Services: 3,100; no change
  • IT & Development: 800; no change
Hickory-Lenoir-Morganton, NC Unemployment by Industry July 2022

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.