Overall unemployment rate moved down to 3.5% with the biggest shift in Restaurants & Hotels, which gained 900 roles, based on the most recently available information published in April 2022.
Total employment in the Winston-Salem, NC market rose by 1,585 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 3.5%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Winston-Salem, NC unemployment rate is 64 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 February versus prior month by 8% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 56,600; no change
- Transportation & Utilities: 50,700; -300
- Business Services: 34,300; +400
- Manufacturing: 34,200; +400
- Government: 30,700; +400
- Restaurants & Hotels: 27,000; +900
- Financial Services: 13,600; +100
- Construction, Mining: 12,000; +200
- Other Jobs: 8,700; no change
- IT & Development: 1,700; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.