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North Carolina’s August Employment At 4.2 Percent

RALEIGH — The state’s seasonally adjusted August unemployment rate was 4.2 percent, according to figures released by the N.C. Department of Commerce. It was an increase of 0.5 percentage points from a year ago.

The number of people employed increased 14,493 over the month to 4,899,921 and increased 105,441 over the year. The number of people unemployed increased 123 over the month to 212,218 and increased 25,594 over the year.

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 2,300 to 4,571,600 in August.

The major industries with the largest over-the-month increases were Professional & Business Services, 5,400; Financial Activities, 800; Construction, 600; Information, 500; and Mining & Logging, 100.

Major industries experiencing decreases were Other Services, 2,300; Leisure & Hospitality Services, 2,200; Manufacturing, 300; and Government, 300. Trade, Transportation & Utilities and Education & Health Services employment remained unchanged.

Since August 2018, Total Nonfarm jobs increased 71,000 with the Total Private sector increasing by
67,700 and Government increasing by 3,300.

The largest over-the-year increase among major industries was Trade, Transportation & Utilities at 23,500, followed by Professional & Business Services, 13,100; Leisure & Hospitality Services, 10,800; Education & Health Services, 10,400; Financial Activities, 8,700; Government, 3,300; Other Services, 3,100; and Information, 1,800.

Major industries experiencing decreases were Manufacturing, 3,400; Mining & Logging, 200; and Construction, 100.

The next unemployment update is scheduled for Wednesday, October 2 when the county unemployment rates for August will be released.

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