NC Unemployment Rate Hits Nearly Six-Year Low
North Carolina’s unemployment rate fell to its lowest point in nearly six years in February at 6.4 percent.
According to the North Carolina Department of Commerce, the jobless rate fell from 6.7 percent in January, a total of 0.3 percent. However, the numbers aren’t all positive.
While the report shows nearly 15,000 fewer people claimed unemployment, only 7,400 more people were hired.
The same trend is apparent when comparing the numbers over the year: nearly 50,000 more people were employed from February 2013 to 2014, while more than 112,000 fewer people claimed to be unemployed. That decreased the jobless rate 2.2 percent in just 12 months.
February 2014 also put North Carolina’s unemployment rate lower than the national number for the first time since March 2006.
The county-by-county unemployment numbers are scheduled to release April 9.
To see the complete breakdown of North Carolina’s February unemployment stats, click here.