North Carolina’s unemployment rate for the month of May 2014 increased to 6.4, rising by only 0.2 when compared to April’s rate of 6.4. Meanwhile, the national average remains at a rate of 6.3.
When compared to the rates at this time last year, North Carolina unemployment has dropped from 8.3 to the current 6.4. Nationally, the numbers have decreased from 7.5 to the rate of 6.3 it is now.
The number of people employed North Carolinians increased by over 10 thousand over the month of May to nearly 4.4 million and increased by about 82 thousand over the year. The number of people unemployed increased by over 8 thousand over the May, to more than 300 thousand, and decreased by over 90 thousand for the year.
Tuesday, July 1, will mark the release of the next unemployment update.
For the full news release, click here.