Overall unemployment rate moved down to 3.0% with the biggest shift in Restaurants & Hotels, which gained 800 roles, based on the most recently available information published in June 2023.
Total employment in the Winston-Salem, NC market rose by 1,184 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 3.0%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Winston-Salem, NC unemployment rate is 10 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 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 6.6% 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:
- Education & Healthcare: 56,700; +400
- Transportation & Utilities: 52,400; +100
- Business Services: 36,300; -600
- Manufacturing: 34,600; -500
- Government: 32,600; -100
- Restaurants & Hotels: 30,400; +800
- Financial Services: 13,800; no change
- Construction, Mining: 12,600; +100
- Other Jobs: 9,900; +100
- IT & Development: 1,900; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.