Overall unemployment rate moved down to 3.6% with the biggest shift in Government, which lost 3,100 roles, based on the most recently available information published in August 2022.
Total employment in the Winston-Salem, NC market rose by 1,942 jobs in July and the unemployment rate decreased compared to the prior month by 40 bps to 3.6%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Winston-Salem, NC unemployment rate is 18 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 4.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Education & Healthcare: 57,900; +200
- Transportation & Utilities: 51,200; -300
- Manufacturing: 34,800; +200
- Business Services: 33,700; +600
- Restaurants & Hotels: 29,100; no change
- Government: 26,700; -3,100
- Financial Services: 13,700; no change
- Construction, Mining: 12,200; -100
- Other Jobs: 9,100; no change
- IT & Development: 1,700; no change
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.