Aug 18

Aug 18 North Carolina's July Employment figures released

Raleigh, N.C. - The state’s seasonally adjusted July 2024 unemployment rate was 3.7 percent, increasing 0.1 of a percentage point from June’s revised rate. The national rate increased 0.2 of a percentage point to 4.3 percent.

North Carolina’s unemployment rate increased 0.3 of a percentage point from a year ago. The number of people employed decreased 5,266 over the month to 5,073,805 and increased 9,533 over the year. The number of people unemployed increased 5,155 over the month to 195,533 and increased 16,105 over the year.

Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 700 to 5,019,900 in July. Major industries experiencing increases were Financial Activities, 1,300; Leisure & Hospitality Services, 1,100; Professional & Business Services, 1,100; Government, 900; and Construction, 800. Major industries experiencing decreases were Education & Health Services, 2,500; Trade, Transportation & Utilities, 1,000; Manufacturing, 800; and Other Services, 200. Information and Mining & Logging employment remained unchanged.

Since July 2023, Total Nonfarm jobs increased 78,900 with the Total Private sector increasing by 62,800 and Government increasing by 16,100. Major industries experiencing increases were Education & Health Services, 23,900; Leisure & Hospitality Services, 22,800; Government, 16,100; Construction, 7,600; Financial Activities, 5,800; Other Services, 5,300; and Professional & Business Services, 4,700. Major industries experiencing decreases over the year were Manufacturing, 3,500; Information, 2,000; and Trade, Transportation & Utilities, 1,800. Mining & Logging employment remained unchanged over the year.

The next unemployment update is scheduled for Wednesday, August 28, 2024 when the county unemployment rates for July 2024 will be released.

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