Overall unemployment rate moved down to 3.3% with the biggest shift in Government, which gained 1,800 roles, based on the most recently available information published in November 2022.
Total employment in the Winston-Salem, NC market rose by 2,856 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 3.3%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Winston-Salem, NC unemployment rate is 2 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 6.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 59,000; +600
- Transportation & Utilities: 50,900; -200
- Manufacturing: 34,500; +100
- Business Services: 33,500; -200
- Government: 30,500; +1,800
- Restaurants & Hotels: 28,500; -200
- Financial Services: 13,600; -100
- Construction, Mining: 12,500; +200
- Other Jobs: 9,100; +100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.