North Carolina's seasonally adjusted unemployment rate remains unchanged at 3.3% in August, while the national rate increases to 3.8%.
The steady unemployment rate in North Carolina indicates a stable labor market in the state.
North Carolina's unemployment rate decreased by 0.6% compared to the previous year.
The number of employed individuals in the state increased by 12,790 over the month, reaching a total of 5,072,983, with a year-over-year increase of 103,639.
The number of unemployed individuals increased by 2,183 over the month to 173,576, but decreased by 26,778 compared to the previous year.
Major industries experiencing job growth include Trade, Transportation & Utilities, Education & Health Services, Leisure & Hospitality Services, Professional & Business Services, Government, Information, Construction, and Other Services.
However, industries such as Manufacturing, Financial Activities, and Mining & Logging witnessed a decline in employment.
The stable unemployment rate bodes well for the state's economy. The upcoming release of county unemployment rates will provide further insights into the state's labor market.