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NC jobless rate holds steady at 3.5%

May. 17. The state’s seasonally adjusted April 2024 unemployment rate was 3.5 percent, unchanged from March’s revised rate. The national rate increased 0.1 of a percentage point to 3.9 percent.

North Carolina’s unemployment rate increased 0.2 of a percentage point from a year ago. The number of people employed increased 1,200 over the month to 5,075,803 and increased 28,573 over the year. The number of people unemployed increased 1,202 over the month to 186,723 and increased 14,527 over the year.

Seasonally adjusted Total Non-farm employment, as gathered through the monthly establishment survey, increased 10,200 to 4,987,900 in April. Major industries experiencing increases were Trade, Transportation & Utilities, 2,700; Government, 2,000; Financial Activities, 1,700; Professional & Business Services, 1,700; Leisure & Hospitality Services, 1,500; Construction, 900; Education & Health Services, 300; and Other Services, 200. Major industries experiencing decreases were Manufacturing, 700; and Information, 100. Mining & Logging employment remained unchanged

Since April 2023, Total Non-farm jobs increased 61,400 with the Total Private sector increasing by 46,000 and Government increasing by 15,400. Major industries experiencing increases were Education & Health Services, 20,100; Government, 15,400; Leisure & Hospitality Services, 13,800; Construction, 9,800; Financial Activities, 7,300; Other Services, 4,200; Professional & Business Services, 2,300; and Mining & Logging, 100. Major industries experiencing decreases were Manufacturing, 5,500; Information, 3,700; and Trade, Transportation & Utilities, 2,400.

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