North Carolina’s September unemployment rate declined one-tenth of a percentage point from August to 3.8 percent, according to a news release from the North Carolina Department of Commerce. North Carolina’s unemployment rate is slightly higher than the national August unemployment rate of 3.7 percent. Both rates are seasonally adjusted.
Other highlights from the release include:
- September marks the sixth consecutive decline in the seasonally adjusted monthly unemployment rate, dating from March 2018 when the North Carolina monthly unemployment rate was 4.5 percent.
- The number of unemployed in North Carolina declined by 9,530 over the previous month and by 32,493 over the previous year.
- Since September 2017, the number of nonfarm jobs has increased by 82,300, with private sector gaining 77,800 new jobs and government jobs increasing by 4,500.
- Over the month, average hourly earnings grew by $0.66 to $25.39. Average weekly earnings increased by $5.20 over the previous month to $865.40. Over the year, average hourly earnings grew by $1.20 and average weekly earnings increased by $31.24.
All good news about a growing state economy – and ignored by the local media.