North Carolina's January Employment Figures Released
Raleigh, N.C. - The state’s seasonally adjusted January 2024 unemployment rate was 3.5 percent, decreasing 0.1 of a percentage point from December’s revised rate. The national rate remained unchanged at 3.7 percent.
North Carolina’s unemployment rate was unchanged from a year ago. The number of people employed increased 6,721 over the month to 5,068,208 and increased 64,125 over the year. The number of people unemployed decreased 1,640 over the month to 185,760 and increased 2,495 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 11,600 to 4,977,200 in January. Major industries experiencing increases were Professional & Business Services, 5,900; Construction, 4,000; Education & Health Services, 1,900; Other Services, 900; Financial Activities, 600; Manufacturing, 400; Government, 300; and Mining & Logging, 100. Major industries experiencing decreases were Trade, Transportation & Utilities, 2,300; and Information, 200. Leisure & Hospitality Services employment remained unchanged.
Since January 2023, Total Nonfarm jobs increased 75,200 with the Total Private sector increasing by 56,500 and Government increasing by 18,700. Major industries experiencing increases were Education & Health Services, 24,600; Government, 18,700; Leisure & Hospitality Services, 17,700; Construction, 8,800; Financial Activities, 7,500; Professional & Business Services, 3,300; Other Services, 2,500; Trade, Transportation & Utilities, 600; and Mining & Logging, 200. Major industries experiencing decreases were Manufacturing, 6,000; and Information, 2,700.
The next unemployment update is scheduled for Wednesday, March 13, 2024 when the county unemployment rates for January 2024 will be released.
Are you tired of being bombarded by paywalls and pop-up ads when trying to read the news? Do you believe that access to reliable political news should be free and accessible to everyone? Then we urge you to support NC Political News, a weekly electronic political news outlet.
NC Political News is committed to providing high-quality, unbiased political reporting with columnists from all political sides. Unlike other news outlets, NC Political News is free to read and supported by businesses who purchase ad space on our website and in our newsletter, which goes out Monday through Friday at 7:00 am. This means that readers like you can access the news without being asked to pay a cent or dealing with frustrating advertisements.
However, to continue providing this valuable service, NC Political News needs your support. If you believe in the importance of accessible, free news, we urge you to click the image below. Any amount of support is appreciated.
Together, we can keep the news free and help ensure our state stays informed and connected.
