Business

NC jobless rate stays at 3.6% while national rate edges upward by .1%

July 19. The state’s seasonally adjusted June 2024 unemployment rate was 3.6 percent, unchanged from May’s revised rate. The national rate increased 0.1 of a percentage point to 4.1 percent.

North Carolina’s jobless rate increased 0.2 of a percentage point from a year ago.

The number of people employed decreased 924 over the month to 5,079,026 and increased 18,096 over the year. The number of people unemployed increased 2,989 over the month to 190,408 and increased 14,764 over the year.

Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 23,100 to 5,031,600 in June.

Major industries experiencing increases were Government, 17,900; Education & Health Services, 5,500; Leisure & Hospitality Services, 3,200; Financial Activities, 1,100; Manufacturing, 800; Construction, 600; Trade, Transportation & Utilities, 400; Information, 200; and Other Services, 200.

The only major industry experiencing a decrease was Professional & Business Services, 6,800. Mining & Logging employment remained unchanged.

Since June 2023

Total Nonfarm jobs increased 79,600 with the Total Private sector increasing by 51,100 and Government increasing by 28,500. Major industries experiencing increases were Government, 28,500; Education & Health Services, 23,100; Leisure & Hospitality Services, 22,000; Construction, 8,400; Financial Activities, 6,000; Other Services, 5,100; and Professional & Business Services, 400.

Major industries experiencing decreases over the year were Manufacturing, 6,100; Trade, Transportation & Utilities, 5,500; and Information, 2,300. Mining & Logging employment remained unchanged over the year.

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