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Wednesday, May 22, 2024

N.C. county unemployment rates mostly down compared to 2022

Unemployment rates (not seasonally adjusted) increased in 39 of North Carolina’s counties in November 2023, decreased in 17, and remained unchanged in 44.

Scotland County, west of Fayetteville, had the highest unemployment rate at 5.9% while Buncombe and Swain counties in the western part of the state each had the lowest at 2.6%. Five of the state’s metro areas experienced rate increases, two decreased, and eight remained unchanged. Among the metro areas, Fayetteville and Rocky Mount each had the highest rate at 4.6% while Asheville had the lowest at 2.8%. The not seasonally adjusted statewide rate was 3.4%. The national rate is 3.7%.

When compared to the same month last year, not seasonally adjusted unemployment rates decreased in 89 counties, increased in five, and remained unchanged in six. All 15 of the state’s metro areas experienced rate decreases over the year.

The number of workers employed statewide (not seasonally adjusted) decreased in November by 27,699 to 5,086,500, while those unemployed increased by 402 to 177,244. Since November 2022, the number of workers employed statewide increased 126,461, while those unemployed decreased 7,217.

N.C. Commerce warns that employment estimates are subject to large seasonal patterns; therefore, it advices to focus on over-the-year changes in the not seasonally adjusted estimates.

The next unemployment update is scheduled for Jan. 23 when the statewide unemployment rate for December 2023 will be released.

BusinessNC
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