North Carolina’s unemployment rate shot up in August, as the state’s labor force continues to shrink.
The state had 6.8 percent of its labor force actively looking for jobs in August, an increase from 6.5 percent the prior month, according to the monthly jobs report released by the N.C. Department of Commerce’s Labor and Economic Analysis Division.
August’s unemployment, however, is still a big drop from the 8 percent unemployment rate North Carolina experienced a year ago, in August 2013.
The jobs report (click here to read) also show that the number of employed workers dropped by 28,666 from the prior month to 4.34 million while the state’s overall labor force (which consists of those in jobs and those looking for jobs) dropped by nearly 20,000 to 4,66 million in a month’s time.
Unemployed workers increased by more than 10,000 from July to August, but the 314,962 people looking for work in August. That’s down from a year earlier, when 372,467 North Carolinians were out of work. Read More