The state’s seasonally adjusted November 2022 unemployment rate was 3.9 percent, increasing 0.1 of a percentage point from October’s revised rate. The national rate remained unchanged at 3.7 percent.
North Carolina’s unemployment rate decreased 0.3 of a percentage point from a year ago. The number of people employed decreased 8,381 over the month to 4,925,524 and increased 141,392 over the year. The number of people unemployed increased 6,442 over the month to 200,523 and decreased 10,115 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 5,300 to 4,838,100 in November. Major industries experiencing increases were Leisure & Hospitality Services, 4,500; Financial Activities, 2,300; Education & Health Services, 1,700; Government, 1,100; and Other Services, 100. Major industries experiencing decreases were Trade, Transportation & Utilities, 2,000; Professional & Business Services, 1,400; Construction, 500; Manufacturing, 300; and Information, 200. Mining & Logging employment remained unchanged.
Seasonally Adjusted Unemployment Rates since November 2021
| Area | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | June 2022 | July 2022 | August 2022 | Sep 2022 | Oct 2022 | Nov 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N.C. | 4.2 | 4.1 | 3.9 | 3.7 | 3.5 | 3.4 | 3.4 | 3.4 | 3.4 | 3.5 | 3.6 | 3.8 | 3.9 |
| U.S. | 4.2 | 3.9 | 4.0 | 3.8 | 3.6 | 3.6 | 3.6 | 3.6 | 3.5 | 3.7 | 3.5 | 3.7 | 3.7 |
* Please note: 2021 numbers have undergone annual revision *
Since November 2021, Total Nonfarm jobs increased 199,100 with the Total Private sector increasing by 186,200 and Government increasing by 12,900. Major industries experiencing increases were Professional & Business Services, 50,500; Leisure & Hospitality Services, 44,200; Education & Health Services, 31,900; Financial Activities, 14,100; Government, 12,900; Manufacturing, 11,800; Trade, Transportation & Utilities, 11,500; Construction, 11,400; Other Services, 7,500; and Information, 3,400. The only major industry experiencing a decrease over the year was Mining & Logging, 100.
The next unemployment update is scheduled for Thursday, December 29, 2022 when the county unemployment rates for November 2022 will be released.