NC October jobless rate same as September, down .5% from year-ago

Nov. 17. The state’s seasonally adjusted October 2023 unemployment rate was 3.4 percent, unchanged from September’s revised rate. The national rate increased 0.1 of a percentage point to 3.9 percent.

North Carolina’s unemployment rate decreased 0.5 of a percentage point from a year ago. The number of people employed increased 5,231 over the month to 5,093,141 and increased 132,990 over the year. The number of people unemployed increased 2,815 over the month to 179,425 and decreased 23,098 over the year.

Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, decreased 7,700 to 4,938,400 in October.

Major industries experiencing increases were Leisure & Hospitality Services, 2,400; Education & Health Services, 700; Trade, Transportation & Utilities, 500; and Other Services, 300. Major industries experiencing decreases were Professional & Business Services, 4,900; Construction, 2,100; Manufacturing, 2,100; Government, 1,400; Information, 700; and Financial Activities, 400. Mining & Logging employment remained unchanged.


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