North Carolina Unemployment Rate Ticks up a Notch

North Carolina’s unemployment rate increased slightly in May as the percentage of people losing their jobs outpaced job growth.
The state Commerce Department reported that North Carolina’s unemployment rate was 6.4 percent in May, which was two-tenths of a percentage point up from the revised 6.2 percent rate in April.  The national unemployment rate during May was 6.3 percent.
While the state’s labor force increased by nearly 19,000 people, it wasn’t enough to offset the percentage of people who lost their jobs.
Despite the uptick, North Carolina’s unemployment rate is still 1.9 percent lower than it was during the same month in 2013.
Private sector employment grew over the month by 6,100 and 79,300 over the year.
Leisure and Hospitality Services had the largest over-the-month gain in jobs with 7,400, followed by trade, transportation and utilities, 2,300; education and health services, 1,800, and construction, 400.
Professional and business services had the largest over-the-month decrease, losing 3,400 jobs, followed by manufacturing, 2,200 jobs; government, 400 jobs, and financial activities with 200 jobs, according to the recently released statistics.  

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Topics : Business_FinanceLabor
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Locations : North Carolina
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