State Unemployment Rate Below National

The state’s seasonally adjusted July unemployment rate was 4.7 percent, decreasing 0.2 of a percentage point from June’s revised rate.  The national rate remained unchanged at 4.9 percent. North Carolina’s July 2016 unemployment rate was 1.0 percentage point lower than a year ago.  The number of people employed decreased 13,000 over the month but there is still an increase of 114,000 over the year. Since July 2015, Total Nonfarm jobs gained 94,100 with the Total Private sector growing by 79,200 and Government increasing by 14,900. The largest over-the-year increase among major industries was Professional & Business Services at 28,600. The next unemployment update is scheduled for Wednesday, August 31, 2016 when the county unemployment rates for July 2016 will be released.