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.

http://chapelboro.com/news/business/nc-unemployment-rate-hits-nearly-six-year-low/

State Unemployment Continues Steady Decline

RALEIGH – North Carolina’s unemployment rate continues its steady decline and has reached a more than four-and-a-half-year low at 8.7 percent.

The North Carolina Department of Commerce announced Friday that the state’s unemployment rate saw a decrease of 0.2 percent from July to August. That followed the nation’s trend which fell from 7.4 to 7.3 percent.

Compared to a year ago, the state’s unemployment rate fell 0.9 percent from 9.6 to 8.7.

Employment increased in the state by more than 3,500 jobs in the month of August. The number of people claiming unemployment fell by more than 8,500.

County-by-county numbers for August are scheduled to be released October 2. In July, Orange County had the state’s third-lowest unemployment rate; Chatham County was second behind Currituck.

http://chapelboro.com/news/business/state-unemployment-continues-steady-decline/

NC Unemployment Lowest In Four Years

RALEIGH – North Carolina’s unemployment rate reached its lowest point in more than four years in March, according to the North Carolina Department of Commerce.

The Labor and Economic Analysis Division announced North Carolina’s smoothed seasonally adjusted unemployment rate dropped 0.2 to 9.2 percent from February to March this year. That’s in line with the national rate that saw a drop of 0.1 to 7.6 percent.

Orange County numbers remained the best in the state in February. County-by-county numbers are scheduled to be released May 1.

March 2013 Unemployment Release

http://chapelboro.com/news/nc-unemployment-lowest-in-four-years/