06/22/2025
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North Carolina has added 64,400 jobs in the past year, despite an 8,000 decline in the number of manufacturing positions, the Federal Reserve Bank of Richmond reported Monday. That reflects a 1.3% increase in the total workforce of 5.07 million.

Yearly job growth was led by education and health services (21,200 jobs), government (16,100 jobs) and professional and business services (13,000 jobs), according to the Fed.

Richmond Fed economist, Bethany Greene termed labor market conditions as “relatively stable in March with continued solid job gains.” Payroll employment in North Carolina increased by 8,300 jobs, on net, in March (0.2%). Job gains were led by professional and business services (2,500 jobs), government (1,800) and education and health services (1,700 jobs).

The unemployment rate in North Carolina was unchanged at 3.7%.

By comparison, South Carolina added 55,400 jobs, or 2.4% in the past year. Annual job growth was led by education and health services (13,900 jobs), professional and business services (10,500 jobs) and construction (7,800 jobs). The Palmetto State had about 2.44 million employed as of March.

In Virginia, payroll employment increased by 48,300 jobs over the year, or 1.1%.  Since last March, the most jobs were added in education and health services (30,000 jobs) and the government sector (11,300 jobs). That appears likely to change because of Trump administration efforts to decrease federal government staffing.

South Carolina’s unemployment rate is now 4.1%, while it is 3.2% in Virginia.

staff report
Author: staff report

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