The state’s seasonally adjusted July 2023 unemployment rate was 3.3 percent, unchanged from June’s revised rate. The national rate decreased 0.1 of a percentage point to 3.5 percent.
North Carolina’s unemployment rate decreased 0.4 of a percentage point from a year ago. The number of people employed increased 12,229 over the month to 5,060,181 and increased 81,640 over the year. The number of people unemployed decreased 1,159 over the month to 171,445 and decreased 22,097 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 13,000 to 4,928,400 in July. Major industries experiencing increases were Leisure & Hospitality Services, 5,500; Government, 4,200; Education & Health Services, 3,100; Financial Activities, 2,000; Manufacturing, 400; and Other Services, 100. Major industries experiencing decreases were Information, 1,000; Professional & Business Services, 600; Trade, Transportation & Utilities, 400; Construction, 200; and Mining & Logging, 100.
Seasonally Adjusted Unemployment Rates since July 2022
| Area | July 2022 | August 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2022 | June 2023 | July 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N.C. | 3.7 | 3.9 | 3.9 | 3.9 | 3.9 | 3.8 | 3.8 | 3.6 | 3.5 | 3.4 | 3.4 | 3.3 | 3.3 |
| U.S. | 3.5 | 3.7 | 3.5 | 3.7 | 3.6 | 3.5 | 3.4 | 3.6 | 3.5 | 3.4 | 3.7 | 3.6 | 3.5 |
* Please note: 2022 numbers have undergone annual revision *
Since July 2022, Total Nonfarm jobs increased 108,000 with the Total Private sector increasing by 100,900 and Government increasing by 7,100. Major industries experiencing increases were Leisure & Hospitality Services, 30,900; Education & Health Services, 28,100; Professional & Business Services, 16,500; Government, 7,100; Trade, Transportation & Utilities, 7,100; Other Services, 6,200; Financial Activities, 5,000; Manufacturing, 5,000; Construction, 1,700; Information, 300; and Mining & Logging, 100.
The next unemployment update is scheduled for Wednesday, August 30, 2023 when the county unemployment rates for July 2023 will be released.