1000 x 90

State’s Jobless Rate Declines Slightly to 6.3 Percent


April 21, 2014.The state’s seasonally adjusted March unemployment rate was 6.3 percent, decreasing 0.1 of a percentage point from February’s revised rate of 6.4 percent. The national rate remained at 6.7 percent.

 North Carolina’s March 2014 unemployment rate was 2.2 percentage points lower than a year ago. The number of people employed increased 10,277 over the month to 4,373,265, and increased 56,211 over the year. The number of people unemployed decreased 2,412 over the month to 294,658, and declined 105,637 over the year.

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 19,400 to 4,100,300 in March. The major industry with the largest over-the-month increase was Professional & Business Services at 7,600, followed by Trade, Transportation & Utilities, 5,500; Education & Health Services, 3,500; Leisure & Hospitality Services, 2,800; Manufacturing, 900; Construction, 300; and Other Services, 200. Major industries to experience decreases were Information, 600; Government, 500; and Financial Activities, 300. Mining & Logging employment remained flat over the month.

Since March 2013, Total Nonfarm jobs gained 65,000 with the Total Private sector growing by 67,200 and Government declining by 2,200. The largest over-the-year increase of major industries was Professional & Business Services at 24,800, followed by Trade, Transportation & Utilities, 18,200; Education & Health Services, 7,900; Construction 5,900; Leisure & Hospitality Services, 3,500; Other Services, 2,900; Financial Activities, 2,500; Information, 800; Manufacturing, 600; and Mining & Logging, 100. The only major industry to experience decreases over the year was Government, 2,200.

See entire March report here

The next unemployment update is scheduled for Tuesday, April 29, 2014 when the county unemployment rates for March 2014 will be released.