NC’s November unemployment rate inches up to 4.3 percent

Raleigh, N.C. — The state’s seasonally adjusted November unemployment rate was 4.3 percent, increasing 0.2 of a percentage point from October’s revised rate. The national rate remained unchanged at 4.1 percent.

North Carolina’s November 2017 unemployment rate decreased 0.9 of a percentage point from a year ago. The number of people employed decreased 3,262 over the month to 4,739,461 and increased 81,649 over the year. The number of people unemployed increased 9,654 over the month to 213,437 and decreased 41,228 over the year.

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 2,900 to 4,446,500 in November. The major industries with the largest over-the-month increases were Professional & Business Services at 4,600, followed by Other Services, 1,100; Manufacturing, 900; Construction, 200; and Education & Health Services, 100. Major industries experiencing decreases were Financial Activities, 1,600; Leisure & Hospitality Services, 1,500; Information, 400; Trade, Transportation & Utilities, 400; and Government, 100. Mining & Logging industry employment remained unchanged over the month.

 

Since November 2016, Total Nonfarm jobs gained 71,500 with the Total Private sector growing by 62,400 and Government increasing by 9,100. The largest over-the-year increase among major industries was Professional & Business Services at 34,600, followed by Education & Health Services, 18,300; Trade, Transportation & Utilities, 9,500; Government, 9,100; Leisure & Hospitality Services, 4,000; Other Services, 2,800; Manufacturing, 600; and Mining & Logging, 200. Major industries experiencing decreases were Information, 4,000; Construction, 3,100; and Financial Activities, 500.