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North Carolina’s Seasonally Adjusted May Unemployment Rate at 12.9%

RALEIGH — The state’s seasonally adjusted May unemployment rate was 12.9%, remaining unchanged from April’s revised rate, according to the North Carolina Department of Commerce. The national rate decreased 1.4 percentage points to 13.3%.

North Carolina’s May unemployment rate increased 8.9 percentage points from a year ago. The number of people employed increased 118,154 over the month to 4,200,388 and decreased 662,968 over the year. The number of people unemployed increased 16,021 over the month to 621,713 and increased 417,511 over the year.

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 67,100 to 4,063,300 in May.

Major industries experiencing increases were Leisure & Hospitality Services, 44,800; Trade, Transportation & Utilities, 17,200; Education & Health Services, 16,700; Other Services, 10,700; Professional & Business Services, 9,700; Manufacturing, 5,300; and Financial Activities, 900.

Major industries experiencing decreases were Government, 35,600; Information, 2,100; Construction, 400; and Mining & Logging, 100.

Since May 2019, Total Nonfarm jobs decreased 504,800 with the Total Private sector decreasing by 449,100 and Government decreasing by 55,700.

The only over-the-year increase among major industries was in Financial Activities, 1,300.

Major industries experiencing decreases were Leisure & Hospitality Services, 202,400; Trade, Transportation & Utilities, 58,600; Education & Health Services, 56,200; Government, 55,700; Manufacturing, 48,100; Professional & Business Services, 45,500; Other Services, 22,100; Construction, 12,800; Information, 4,400; and Mining & Logging, 300.

The next unemployment update is scheduled for Wednesday, July 1.

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