N.C. jobless rate drops to 9.3 percent in October

Story Submitted (mtfrontdesk@mountaintimes.com)

Article Published: Nov. 21, 2012 | Modified: Nov. 21, 2012
N.C. jobless rate drops to 9.3 percent in October

According to the N.C. Employment Security Commission, North Carolina’s seasonally adjusted unemployment rate decreased 0.3 of a percentage point in October to 9.3 percent, while the national rate increased 0.1 percent to 7.9 percent.

North Carolina’s October 2012 unemployment rate is 1.3 percentage points lower than a year ago.
The number of people employed (smoothed seasonally adjusted) increased 43,699 to 4,269,351 over the month, and 95,425 over the year.

Seasonally adjusted total nonfarm industry employment, as gathered through the monthly establishment survey, increased 8,000 to 3,964,800 in October. The major industry with the largest over-the-month increase was leisure and hospitality services, which gained 3,600 jobs, followed by trade, transportation and utilities, adding 2,900 jobs, and manufacturing, 2,600. Construction also reported an increase of 1,800 jobs.

The largest over-the-year increase of major industries was in trade, transportation and utilities, 11,800, followed by leisure and hospitality services, 10,800; professional and business services, 9,100; and education and health services, 6,400.

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