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North Carolina’s October Employment Figures Released

Raleigh, N.C. — The state’s seasonally adjusted October unemployment rate was 4.1 percent, remaining unchanged from September’s revised rate.  The national rate decreased 0.1 of a percentage point to 4.1 percent.

North Carolina’s October 2017 unemployment rate decreased 1.0 percentage point from a year ago.  The number of people employed increased 11,504 over the month to 4,742,359 and increased 91,964 over the year. The number of people unemployed increased 3,668 over the month to 203,890 and decreased 47,385 over the year.

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 11,400 to 4,439,300 in October.  The major industries with the largest over-the-month increases were Professional & Business Services at 5,600, followed by Trade, Transportation & Utilities, 4,900; Leisure & Hospitality Services, 3,000; Education & Health Services, 900; and Mining & Logging, 100.  Major industries experiencing decreases were Other Services, 1,400; Financial Activities, 700; Government, 700; Manufacturing, 200; and Construction, 100.  Information industry employment remained unchanged over the month.

Seasonally Adjusted Unemployment Rates since October 2016

Oct2016 Nov2016 Dec2016 Jan2017 Feb2017 Mar2017 Apr2017 May2017 June2017 July2017 Aug2017 Sep2017 Oct2017
N.C. 5.1 5.2 5.2 5.3 5.1 4.9 4.7 4.5 4.2 4.1 4.1 4.1 4.1
U.S. 4.8 4.6 4.7 4.8 4.7 4.5 4.4 4.3 4.4 4.3 4.4 4.2 4.1

* Please note: 2016 Numbers Have Been Annually Revised *

Since October 2016, Total Nonfarm jobs gained 75,200 with the Total Private sector growing by 66,200 and Government increasing by 9,000. The largest over-the-year increase among major industries was Professional & Business Services at 31,700, followed by Education & Health Services, 18,100; Trade, Transportation & Utilities, 10,300; Leisure & Hospitality Services, 9,400; Government, 9,000; Other Services, 2,400; Manufacturing, 1,400; Financial Activities, 1,200; and Mining & Logging, 200. Major industries experiencing decreases were Information, 5,200; and Construction, 3,300.

The next unemployment update is scheduled for Thursday, November 30, 2017 when the county unemployment rates for October 2017 will be released.

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