North Carolina's March Employment Figures Released

North Carolina's March Employment Figures Released

By / State News / الإثنين, 01 أيار 2017 04:00

RALEIGH, N.C. : April 21st, 2017 - The state’s seasonally adjusted March unemployment rate was 4.9 percent, decreasing 0.2 of a percentage point from February’s revised rate.  The national rate decreased 0.2 of a percentage point to 4.5 percent.
North Carolina’s March 2017 unemployment rate decreased 0.2 of a percentage point from a year ago.  The number of people employed increased 15,331 over the month to 4,706,795 and increased 111,111 over the year. The number of people unemployed decreased 8,149 over the month to 244,060 and decreased 4,697 over the year.
Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 500 to 4,387,600 in March.  The major industries with the largest over-the-month increases were Government at 4,900, followed by Manufacturing, 2,600; Professional & Business Services, 900; Financial Activities, 500; and Education & Health Services, 300. Major industries experiencing decreases were Construction, 3,700; Trade, Transportation & Utilities, 3,000; Information, 1,600; Other Services, 300; and Leisure & Hospitality Services, 100.  Mining & Logging employment remained unchanged over the month.
Since March 2016, Total Nonfarm jobs gained 69,700 with the Total Private sector growing by 62,400 and Government increasing by 7,300. The largest over-the-year increase among major industries was Professional & Business Services at 18,800, followed by Leisure & Hospitality Services, 11,600; Education & Health Services, 10,700; Trade, Transportation & Utilities, 8,600; Government, 7,300; Financial Activities, 6,000; Other Services, 5,300; Construction, 4,400; and Mining & Logging, 200. Major industries experiencing decreases were Information, 2,300; and Manufacturing, 900.
The next unemployment update is scheduled for Wednesday, May 3, 2017 when the county unemployment rates for March 2017 will be released.
The North Carolina smoothed seasonally adjusted unemployment rate was 4.9 percent in March, decreasing 0.2 of a percentage point from the previous month and falling 0.2 of a percentage point from March 2016. Over the month, the number of persons unemployed fell by 8,149 (3.2%). The civilian labor force increased by 7,182 (0.1%) to 4,950,855.
Nationally, March’s unemployment rate was 4.5 percent. The number of persons unemployed was 7,202,000, while the civilian labor force was 160,201,000.
Seasonally adjusted Total Nonfarm industry employment (4,387,600) increased 500 (<0.1%) since February 2017, and 69,700 (1.6%) since March 2016.1 Private sector employment declined over the month by 4,400 (0.1%), while growing by 62,400 (1.7%) over the year. Of the major industries for which payroll data are seasonally adjusted, Government (4,900; 0.7%) had the largest over-themonth gain in jobs, followed by Manufacturing (2,600; 0.6%), Professional & Business Services (900; 0.1%), Financial Activities (500; 0.2%), and Education & Health Services (300; 0.1%). Construction (3,700; 1.8%) reported the largest over-the-year decrease, followed by Trade, Transportation & Utilities (3,000; 0.4%), Information (1,600; 2.1%), Other Services (300; 0.2%), and Leisure & Hospitality (100; >-0.1%). Mining & Logging remained unchanged over the month.
Since March 2016, Professional & Business Services added the largest number of jobs (18,800; 3.1%), followed by Leisure & Hospitality (11,600; 2.4%), Education & Health Services (10,700; 1.8%), Trade, Transportation & Utilities (8,600; 1.1%), Government (7,300; 1.0%), Financial Activities (6,000; 2.7%), Other Services (5,300; 3.6%), Construction (4,400; 2.2%), and Mining & Logging (200, 3.6%). Information (2,300; 3.0%) reported the largest over-the-year decrease, followed by Manufacturing (900; 0.2%).
The March 2017 not seasonally adjusted Total Nonfarm employment level of 4,375,600 was 29,400 (0.7%) more than the February 2017 revised employment level of 4,346,200. Among the major industries in North Carolina, Leisure & Hospitality had the largest over-the-month increase in employment at 9,900 (2.1%), followed by Government (7,100; 1.0%), Professional & Business Services (6,200; 1.0%), Trade, Transportation & Utilities (3,100; 0.4%), Financial Activities (1,400; 0.6%), Manufacturing (1,300; 0.3%), Other Services (1,100; 0.7%), Education & Health Services (800; 0.1%), Construction (100; <0.1%), and Mining & Logging (100; 1.0%). Information (1,600; 2.1%) reported the only overthe-month decrease.
Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) showed an increase of 74,200 (2.0%) jobs. Professional & Business Services experienced the largest employment increase at 21,000 (3.5%), followed by Education & Health Services (13,700; 2.4%), Trade, Transportation & Utilities (11,700; 1.5%), Leisure & Hospitality Services (9,900; 2.2%), Government (8,600; 1.2%), Financial Activities (5,900; 2.7%), and Other Services (5,700; 3.8%). Information (2,500; 3.2%) reported the only over-the-year decrease. The Goods Producing sector grew by 4,100 (0.6%) jobs over the year. Construction had the largest increase with 5,500 (2.8%), followed by Mining & Logging (200; 4.1%). Manufacturing (1,700; 0.4%) reported a decrease.
Amongst manufacturing industries, Food had the largest net over-the-year increase at 2,400. Other manufacturing industries with gains were: Machinery, 600; Plastics & Rubber, 600; Electrical Equipment, Applicance & Component, 500; Wood Product, 300; Fabricated Metal Product, 300; and Beverage & Tobacco Product, 100.
Computer & Electronic Product had the largest net over-the-year decrease at 900 in March 2017. Other industries with decreases were: Transportation Equipment, 700; Apparel, 700; Textile Mills, 400; Chemical, 300; Textile Product Mills, 100; Furniture & Related Product, 100; and Printing & Related Support Activities, 100.
Over the month, Average Weekly Hours for total private workers in March increased 6 minutes from February’s revised rate of 34.4. Average Hourly Earnings grew by $0.02 to $24.01, as Average Weekly Earnings decreased by $1.72 to $823.54.
Over the year, Average Weekly Hours for total private workers in March increased 12 minutes from 34.1 in March 2016. Average Hourly Earnings grew by $0.82 and Average Weekly Earnings increased $32.76.
Source: North Carolina Department of Commerce.

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