WakeGOV

Title

Unemployment

Trend at a Glance

At last count

6.6% unemployment rate (average YTD)

Current Through

June 2020

What does this measure?

A primary signal of an area’s desirability and sustainability is its employment numbers. If an area is able to maintain a supply of jobs that satisfy and support the workforce, the area is likely to attract and retain businesses and citizens. Strong employment numbers reflect a strong economy that is meeting the needs of its people, and reflect a strong infrastructure that is able to support the needs of its companies. The unemployment rate measures the percentage of the available labor force without work. This number does not include military, students, homemakers, and those not otherwise seeking work.

How is Wake County performing?

The unemployment rate in Wake County is 0.5% lower than the United States average.

Did you know?

Wake County’s average unemployment rate in 2020 is 6.6%. Due to COVID-19, the rate climbed to 11.5% in May 2020 before decreasing to 7.1% in June 2020. Wake County's rate is lower in June than the United States (11.2%) and the State of North Carolina (7.7%).

Data Source

North Carolina Department of Commerce, Labor & Economic Analysis Division. Local Area Unemployment Statistics

Data Considerations

The unemployment rate measures the percentage of the available labor force without work. This number does not include military, students, homemakers, and those not otherwise seeking work.