The state’s seasonally adjusted December 2023 unemployment rate was 3.5 percent, unchanged from November’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 1,622 over the month to 5,093,994 and increased 131,769 over the year. The number of people unemployed increased 3,085 over the month to 185,281 and decreased 12,762 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 2,100 to 4,951,900 in December. Major industries experiencing increases were Leisure & Hospitality Services, 2,500; Education & Health Services, 1,500; Professional & Business Services, 1,100; Government, 800; and Trade, Transportation & Utilities, 800. Major industries experiencing decreases were Other Services, 2,100; Information, 1,000; Financial Activities, 800; Construction, 600; and Mining & Logging, 100. Manufacturing employment remained unchanged.
Seasonally Adjusted Unemployment Rates since December 2022
| Area | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | June 2023 | July 2023 | August 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N.C. | 3.8 | 3.8 | 3.6 | 3.5 | 3.4 | 3.4 | 3.3 | 3.3 | 3.3 | 3.4 | 3.4 | 3.5 | 3.5 |
| U.S. | 3.5 | 3.4 | 3.6 | 3.5 | 3.4 | 3.7 | 3.6 | 3.5 | 3.8 | 3.8 | 3.9 | 3.7 | 3.7 |
* Please note: 2022 numbers have undergone annual revision *
Since December 2022, Total Nonfarm jobs increased 99,400 with the Total Private sector increasing by 82,400 and Government increasing by 17,000. Major industries experiencing increases were Education & Health Services, 35,000; Professional & Business Services, 23,100; Leisure & Hospitality Services, 21,000; Government, 17,000; Trade, Transportation & Utilities, 11,300; Financial Activities, 2,700; and Mining & Logging, 200. Major industries experiencing decreases were Manufacturing, 4,000; Construction, 3,700; Other Services, 2,100; and Information, 1,100.
The next unemployment update is scheduled for Wednesday, January 31, 2024 when the county unemployment rates for December 2023 will be released.