Overall unemployment rate moved down to 3.3% with the biggest shift in Business Services, which lost 400 roles, based on the most recently available information published in June 2022.
Total employment in the Winston-Salem, NC market declined by 569 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 3.3%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Winston-Salem, NC unemployment rate is 4 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 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 9.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Education & Healthcare: 57,300; -200
- Transportation & Utilities: 50,600; -300
- Manufacturing: 34,200; -200
- Business Services: 33,500; -400
- Government: 31,000; no change
- Restaurants & Hotels: 27,600; +200
- Financial Services: 13,600; -100
- Construction, Mining: 12,200; no change
- Other Jobs: 8,900; +100
- IT & Development: 1,700; -100
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.