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North Carolina’s Seasonally Adjusted January Unemployment Rate At 5.4%

UnemploymentRALEIGH — The state’s seasonally adjusted January unemployment rate was 5.4 percent, remaining unchanged from December’s revised rate of 5.4 percent.  The national rate increased 0.1 of a percentage point to 5.7 percent in January.

North Carolina’s January 2014 unemployment rate was 1.2 percentage points lower than a year ago.  The number of people employed increased 22,658 over the month to 4,397,927, and increased 65,854 over the year. The number of people unemployed decreased 1,161 over the month to 248,866, and declined 57,145 over the year. 

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, remained unchanged at 4,203,100 in January. The major industry with the largest over-the-month increase was Leisure & Hospitality Services at 5,200, followed by Manufacturing, 3,400; Construction, 2,800; Other Services, 1,700; Financial Activities, 800; and Professional & Business Services, 600.  Major industries experiencing de- creases were Trade, Transportation & Utilities, 11,700; Government, 2,000; Information, 400; Education & Health Services, 300; and Mining & Logging, 100.

Since January 2014, Total Nonfarm jobs gained 107,700 with the Total Private sector growing by 109,400 and Government decreasing by 1,700.  The largest over-the-year increase of major industries was Professional & Business Services at 33,000, followed by Leisure & Hospitality Services, 16,500; Manufacturing, 13,900; Con- struction, 11,300; Education & Health Services, 10,600; Trade, Transportation & Utilities, 9,500; Other Services, 6,400; Financial Activities, 6,200; and Information, 2,000.  The only major industry experiencing a decrease over the year was Government, 1,700.  Mining & Logging employment remained unchanged.

 

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