Business

NC unemployment rate at 3.4%; US at 3.8%

Oct. 20. The state’s seasonally adjusted unemployment rate in September was 3.4 percent, a slight increase of 0.1 percent from August’s revised rate. The national rate remained unchanged at 3.8 percent.

However, North Carolina’s unemployment rate decreased 0.5 of a percentage point from a year ago. The number of people employed increased 14,985 over the month to 5,087,812 and 124,714 over the year.

The number of people without jobs increased 3,119 over the month to 176,650 and decreased 26,072 over the year.

Seasonally adjusted Total Nonfarm employment increased 10,100 to 4,948,400 in September. Major industries experiencing increases were Education & Health Services, 4,900; Professional & Business Services, 3,700; Trade, Transportation & Utilities, 3,400; Information, 1,500; Government, 600; and Mining & Logging, 100. Major industries experiencing decreases were Leisure & Hospitality Services, 1,600; Financial Activities, 1,100; Manufacturing, 900; Construction, 400; and Other Services, 100.

Since September 2022, Total Nonfarm jobs increased 105,000 with the Total Private sector increasing by 87,800 and Government increasing by 17,200. Major industries experiencing increases were Education & Health Services, 31,000; Leisure & Hospitality Services, 27,900; Government, 17,200; Professional & Business Services, 14,300; Trade, Transportation & Utilities, 11,700; Other Services, 4,300; Information, 2,300; Financial Activities, 200; and Mining & Logging, 100. Major industries experiencing decreases were Construction, 2,300; and Manufacturing, 1,700.

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