The state’s seasonally adjusted November 2024 unemployment rate was 3.7 percent, unchanged from October’s revised rate. The national rate increased 0.1 of a percentage point to 4.2 percent.
North Carolina’s unemployment rate increased 0.1 of a percentage point from a year ago. The number of people employed decreased 1,747 over the month to 5,065,649 and increased 4,027 over the year. The number of people unemployed increased 109 over the month to 197,114 and increased 9,135 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 15,000 to 5,042,000 in November. Major industries experiencing increases were Professional & Business Services, 6,700; Construction, 3,800; Education & Health Services, 3,400; Other Services, 2,600; Leisure & Hospitality Services, 900; Trade, Transportation & Utilities, 400; Government, 300; and Financial Activities, 200. Major industries experiencing decreases were Manufacturing, 3,000; and Information, 300. Mining & Logging employment remained unchanged.
Seasonally Adjusted Unemployment Rates since November 2023
| Area | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | June 2024 | July 2024 | August 2024 | Sep 2024 | Oct 2024 | Nov 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N.C. | 3.6 | 3.6 | 3.5 | 3.5 | 3.5 | 3.5 | 3.6 | 3.6 | 3.7 | 3.8 | 3.8 | 3.7 | 3.7 |
| U.S. | 3.7 | 3.7 | 3.7 | 3.9 | 3.8 | 3.9 | 4.0 | 4.1 | 4.3 | 4.2 | 4.1 | 4.1 | 4.2 |
* Please note: 2023 numbers have undergone annual revision *
Since November 2023, Total Nonfarm jobs increased 82,200 with the Total Private sector increasing by 66,200 and Government increasing by 16,000. Major industries experiencing increases were Education & Health Services, 29,000; Government, 16,000; Professional & Business Services, 16,000; Leisure & Hospitality Services, 15,700; Construction, 7,600; Other Services, 4,600; and Financial Activities, 1,900. Major industries experiencing decreases over the year were Manufacturing, 7,500; Information, 700; and Trade, Transportation & Utilities, 400. Mining & Logging employment remained unchanged over the year.
The next unemployment update is scheduled for Friday, January 3, 2025 when the county unemployment rates for November 2024 will be released.