Friday, July 22, 2016

North Carolina's June Employment Figures Released

RALEIGH
Jul 22, 2016

—The state’s seasonally adjusted June unemployment rate was 4.9 percent, decreasing 0.2 of a percentage point from May’s revised rate. The national rate increased 0.2 of a percentage point to 4.9 percent.

North Carolina’s June 2016 unemployment rate was 0.9 of a percentage point lower than a year ago. The number of people employed decreased 3,774 over the month to 4,614,725 and increased 133,046 over the year. The number of people unemployed decreased 10,900 over the month to 239,440, and decreased 35,598 over the year.

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 19,400 to 4,329,200 in June. The major industries with the largest over-the-month increases were Government at 9,000, followed by Manufacturing, 4,200; Leisure & Hospitality Services, 3,000; Trade, Transportation & Utilities, 2,100; Professional & Business Services, 1,800; Construction, 1,500; Information, 400; Education & Health Services, 300; and Mining & Logging, 100. Major industries experiencing decreases were Financial Activities, 1,600; and Other Services, 1,400.

Seasonally Adjusted Unemployment Rates since June 2015

  Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 Mar 2016 Apr 2016 May 2016 June 2016
N.C. 5.8 5.7 5.7 5.7 5.6 5.6 5.6 5.6 5.5 5.5 5.4 5.1 4.9
U.S. 5.3 5.3 5.1 5.1 5.0 5.0 5.0 4.9 4.9 5.0 5.0 4.7 4.9

* Please note: 2015 Numbers Have Been Annually Revised *

Since June 2015, Total Nonfarm jobs gained 89,100 with the Total Private sector growing by 79,300 and Government increasing by 9,800. The largest over-the-year increase among major industries was Professional & Business Services at 26,200, followed by Trade, Transportation & Utilities, 23,900; Leisure & Hospitality Services, 12,500; Government, 9,800; Construction, 7,300; Education & Health Services, 6,900; Other Services, 3,200; and Manufacturing, 1,300. Major industries experiencing decreases were Financial Activities, 1,800; and Information, 200.  Mining & Logging employment remained unchanged over the year.

The next unemployment update is scheduled for Wednesday, August 3, 2016 when the county unemployment rates for June 2016 will be released.

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