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North Carolina’s February Employment Figures Released


Release: IMMEDIATE
Date: 3/23/2018

Contact: David Rhoades
Phone: 919 814-4611


* press release includes an attachment *

Raleigh, N.C. — The state’s seasonally adjusted February unemployment rate was 4.5 percent, remaining unchanged from January’s revised rate. The national rate remained unchanged at 4.1 percent.

North Carolina’s February 2018 unemployment rate decreased 0.3 of a percentage point from a year ago. The number of people employed increased 4,236 over the month to 4,751,873 and increased 78,050 over the year. The number of people unemployed increased 289 over the month to 222,545 and decreased 14,055 over the year.

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 9,000 to 4,467,600 in February. The major industries with the largest over-the-month increases were Trade, Transportation & Utilities at 4,200, followed by Financial Activities, 1,700; Manufacturing, 1,400; Other Services, 1,200; Information, 900; Leisure & Hospitality Services, 500; Government, 300; and Professional & Business Services, 200. Major industries experiencing decreases were Education & Health Services, 1,100; and Construction, 300. Mining & Logging employment remained unchanged over the month.

Seasonally Adjusted Unemployment Rates since February 2017

  Feb 2017 Mar 2017 Apr 2017 May 2017 June 2017 July 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Jan 2018
N.C. 4.8 4.7 4.6 4.5 4.4 4.4 4.4 4.4 4.5 4.5 4.5 4.5 4.5
U.S. 4.7 4.5 4.4 4.3 4.3 4.3 4.4 4.2 4.1 4.1 4.1 4.1 4.1

* Please note: 2017 Numbers Have Been Annually Revised *

Since February 2017, Total Nonfarm jobs gained 71,300 with the Total Private sector growing by 64,300 and Government increasing by 7,000. The largest over-the-year increase among major industries was Professional & Business Services at 19,900, followed by Trade, Transportation & Utilities, 12,300; Leisure & Hospitality Services, 8,500; Financial Activities, 7,200; Government, 7,000; Education & Health Services, 4,700; Manufacturing, 4,300; Construction, 4,200; Information, 2,800; Mining & Logging, 200; and Other Services, 200.

The next unemployment update is scheduled for Wednesday, April 4, 2018 when the county unemployment rates for February 2018 will be released.




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