Overall unemployment rate moved up to 3.6% with the biggest shift in Restaurants & Hotels, which gained 1,000 roles, based on the most recently available information published in June 2022.
Total employment in the Winston-Salem, NC market rose by 1,541 jobs in May and the unemployment rate increased compared to the prior month by 30 bps to 3.6%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Winston-Salem, NC unemployment rate is 22 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 57,700; +300
- Transportation & Utilities: 50,800; -100
- Manufacturing: 34,400; +300
- Business Services: 33,600; +200
- Government: 31,000; no change
- Restaurants & Hotels: 28,800; +1,000
- Financial Services: 13,600; no change
- Construction, Mining: 12,300; +200
- Other Jobs: 9,000; +100
- IT & Development: 1,700; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.