The state’s seasonally adjusted June 2024 unemployment rate was 3.6 percent, unchanged from May’s revised rate. The national rate increased 0.1 of a percentage point to 4.1 percent.
North Carolina’s unemployment rate increased 0.2 of a percentage point from a year ago. The number of people employed decreased 924 over the month to 5,079,026 and increased 18,096 over the year. The number of people unemployed increased 2,989 over the month to 190,408 and increased 14,764 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 23,100 to 5,031,600 in June. Major industries experiencing increases were Government, 17,900; Education & Health Services, 5,500; Leisure & Hospitality Services, 3,200; Financial Activities, 1,100; Manufacturing, 800; Construction, 600; Trade, Transportation & Utilities, 400; Information, 200; and Other Services, 200. The only major industry experiencing a decrease was Professional & Business Services, 6,800. Mining & Logging employment remained unchanged.
Seasonally Adjusted Unemployment Rates since June 2023
| Area | June 2023 | July 2023 | August 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | June 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N.C. | 3.4 | 3.4 | 3.5 | 3.6 | 3.6 | 3.6 | 3.6 | 3.5 | 3.5 | 3.5 | 3.5 | 3.6 | 3.6 |
| U.S. | 3.6 | 3.5 | 3.8 | 3.8 | 3.8 | 3.7 | 3.7 | 3.7 | 3.9 | 3.8 | 3.9 | 4.0 | 4.1 |
* Please note: 2022 numbers have undergone annual revision *
Since June 2023, Total Nonfarm jobs increased 79,600 with the Total Private sector increasing by 51,100 and Government increasing by 28,500. Major industries experiencing increases were Government, 28,500; Education & Health Services, 23,100; Leisure & Hospitality Services, 22,000; Construction, 8,400; Financial Activities, 6,000; Other Services, 5,100; and Professional & Business Services, 400. Major industries experiencing decreases over the year were Manufacturing, 6,100; Trade, Transportation & Utilities, 5,500; and Information, 2,300. Mining & Logging employment remained unchanged over the year.
The next unemployment update is scheduled for Tuesday, July 30, 2024 when the county unemployment rates for June 2024 will be released.