NC unemployment drops to 9.3 percent
by Staff Reports
North Carolina's seasonally adjusted unemployment rate decreased 0.3 of a percentage point in October to 9.3 percent, the N.C. Department of Commerce announced Friday.
The national rate increased 0.1 of a percentage point 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 non-farm 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 next unemployment update is scheduled for Tuesday, Nov. 27, when the county unemployment rates for October 2012 will be released.