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State’s unemployment rate drops to 9.3 percent in October
Nov 16, 2012 | 3661 views | 0 0 comments | 1 1 recommendations | email to a friend | print

RALEIGH — North Carolina’s seasonally adjusted unemployment rate decreased 0.3 of a percentage point in October to 9.3 percent. 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 by 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.

Since October 2011, total non-farm jobs gained 35,700 with the service providing sector increasing by 36,800, and goods producing decreasing 1,100. 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.

The next unemployment update is scheduled for Nov. 27, when the county unemployment rates for October 2012 will be released.



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