Even as NC gains jobs, key unemployment number moves higher
North Carolina’s unemployment rate increased to 10.4 percent in August, its highest level in more than a year.
Figures release Friday morning by the N.C. Employment Security Commission indicate that while the state gained 16,500 jobs last month, those gains were eclipsed by jobs lost. Here’s an excerpt from the ESC’s release:
“The household survey shows the number of people unemployed increased by 11,747, to 468,140. The number of people employed decreased by 14,524 (seasonally adjusted), to 4,030,903. Since this time last year, the number of people unemployed has increased by 14,556.”
North Carolina’s U-6 rate, which includes the underemployed and part-timers who want to be full-time, was 10th highest in the nation at 17.5 percent.
This marks the third month in a row that the state has seen its unemployment rate edge higher.