Overall unemployment rate moved down to 3.4% with the biggest shift in Education & Healthcare, which gained 1,300 roles, based on the most recently available information published in April 2022.
Total employment in the Winston-Salem, NC market rose by 3,902 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 3.4%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Winston-Salem, NC unemployment rate is 35 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 March versus prior month by 10.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Education & Healthcare: 58,400; +1,300
- Transportation & Utilities: 50,900; +400
- Manufacturing: 34,400; +200
- Business Services: 33,900; -400
- Government: 31,000; +300
- Restaurants & Hotels: 27,500; +600
- Financial Services: 13,700; +100
- Construction, Mining: 12,100; +200
- Other Jobs: 8,800; +100
- IT & Development: 1,800; +100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.