State unemployment drops to 7.4 percent in November
By Abby Cavenaugh
RALEIGH — The state’s seasonally adjusted November unemployment rate was 7.4 percent, decreasing 0.6 of a percentage point from October’s revised rate of 8.0 percent. The national rate decreased to 7.0 percent from October’s 7.3 percent.
North Carolina’s November 2013 unemployment rate was 2.0 percentage points lower than a year ago. The number of people employed increased 20,037 over the month to 4,314,502, and increased 6,082 over the year. The number of people unemployed decreased 28,138 over the month to 343,611, and declined 101,091 over the year.
Seasonally adjusted total non-farm industry employment, as gathered through the monthly establishment survey, decreased 6,500 to 4,084,100 in November. The major industry with the largest over-the-month increase was trade, transportation and utilities at 2,600, followed by professional and business services, 2,000; construction, 1,600; and leisure and hospitality services, 300. Major industries to experience decreases were education and health services, 4,100; manufacturing, 3,300; financial activities, 2,500; government, 1,500; other services, 1,000; and information, 600. Mining and logging employment remained flat over the month.
Since November 2012, total non-farm jobs gained 56,800 with the total private sector growing by 59,700 and government declining by 2,900. The largest over-the-year increase of major industries was in professional and business services at 25,700, followed by trade, transportation and utilities, 15,400; education and health services, 9,800; leisure and hospitality services, 7,700; information, 5,200; and manufacturing, 200. Major industries to experience decreases over the year were government, 2,900; construction, 2,500; financial activities, 900; other services, 800; and mining and logging, 100.
The next unemployment update is scheduled for Jan. 7, 2014 when the county unemployment rates for November 2013 will be released.
Commentscomments powered by Disqus
Local Gas Prices