North Carolina’s June Employment Figures Released

North Carolina’s June Employment Figures Released

By / State News / Wednesday, 22 July 2015 04:00

RALEIGH, N.C. : July 21, 2015 - The state’s seasonally adjusted June unemployment rate was 5.8 percent, increasing 0.1 of a percentage point from May’s revised rate. The national rate decreased 0.2 of a percentage point to 5.3 percent.
North Carolina’s June 2015 unemployment rate was 0.4 of a percentage point lower than a year ago. The number of people employed decreased 4,097 over the month to 4,493,682, and increased 151,584 over the year. The number of people unemployed increased 4,810 over the month to 277,151, and declined 10,464 over the year.
Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, decreased 3,100 to 4,238,000 in June. The major industry with the largest over-the-month increase was Trade, Transportation & Utilities, 4,400, followed by Professional & Business Services, 2,700; Financial Activities, 2,600; and Education & Health Services, 300. Major industries experiencing decreases were Government, 7,800; Construction, 2,000; Leisure & Hospitality Services, 1,500; Information, 1,000; and Manufacturing, 800. Mining & Logging and Other Services employment remained unchanged over the month.
Since June 2014, Total Nonfarm jobs gained 97,500 with the Total Private sector growing by 106,000 and Government decreasing by 8,500. The largest over-the-year increase among major industries was Professional & Business Services at 24,500, followed by Trade, Transportation & Utilities, 19,600; Leisure & Hospitality Services, 14,500; Education & Health Services, 14,300; Construction, 11,900; Manufacturing, 10,200; Financial Activities, 6,500; Other Services, 3,800; and Information, 800. Major industries experiencing decreases over the year were Government, 8,500; and Mining & Logging, 100.
The next unemployment update is scheduled for Wednesday, July 29, 2015 when the county unemployment rates for June 2015 will be released.
The North Carolina smoothed seasonally adjusted unemployment rate was 5.8 percent in June, increasing0.1 of a percentage point from the previous month, and falling0.4 of a percentage point from June 2014.
Over the month, the number of persons unemployed grew by 4,810 (1.8%). The civilian labor force increased by 713 (<0.1%) to 4,770,833.Nationally, June’s unemployment rate was 5.3 percent. The number of persons unemployed was 8,299,000, while the civilian labor force was 157,037,000.Seasonally adjusted Total Nonfarm industry employment (4,238,000) decreased 3,100 (0.1%) since May 2015, and increased 97,500 (2.4%) since June 2014.1 Private sector employment grew over the month by 4,700 (0.1%), and by 106,000 (3.1%) over the year.
Of the major industries for which payroll data are seasonally adjusted, Trade, Transportation & Utilities had the largest over-the-month gain in jobs (4,400; 0.6%), followed by Professional & Business Services (2,700; 0.5%), Financial Activities (2,600; 1.2%), and Education & Health Services (300; 0.1%). Government (7,800; 1.1%) reported the largest over-the-month decrease, followed by Construction (2,000; 1.0%), Leisure & Hospitality Services (1,500; 0.3%), Information (1,000; 1.3%), and Manufacturing (800; 0.2%). Mining & Logging and Other Services reported no change.
Since June 2014, Professional & Business Services added the largest number of jobs (24,500; 4.3%), followed by Trade, Transportation & Utilities (19,600; 2.5%), Leisure & Hospitality Services (14,500; 3.3%), Education & Health Services (14,300; 2.5%), Construction (11,900; 6.7%), Manufacturing (10,200; 2.3%), Financial Activities (6,500; 3.1%), Other Services (3,800; 2.5%), and Information (800; 1.1%). Government reported the largest over-the-year loss of 8,500 (1.2%), followed by Mining & Logging (100; 1.8%).
The June 2015 not seasonally adjusted Total Nonfarm employment level of 4,257,300 was 14,700 (0.3%) less than the May 2015 revised employment level of 4,272,000. Among the major industries in North Carolina, Leisure & Hospitality Services had the largest over-the-month increase in employment at 9,300 (2.0%), followed by Trade, Transportation & Utilities (5,900; 0.7%), Financial Activities (5,400; 2.5%), Professional & Business Services (5,400; 0.9%), Manufacturing (2,500; 0.5%), Other Services (1,600; 1.0%) and Construction (800; 0.4%).
Government (38,700; 5.3%) had the largest over-the-month decrease, followed by Education & Health Services (6,700; 1.2%) and Information (200; 0.3%). Mining & Logging reported no decrease over the month.Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) showed an increase of 83,100 (2.4%) jobs. Professional & Business Services experienced the largest employment increase with 26,400 (4.6%), followed by Trade, Transportation & Utilities (19,000; 2.4%), Leisure & Hospitality Services (16,300; 3.5%), Education & Health Services (11,100; 2.0%), Financial Activities (8,000; 3.8%), Other Services (3,200; 2.1%), and Information (900; 1.2%). Government (1,800; 0.3%) had the only over-the-year decrease.
The Goods Producing sector grew by 20,700 (3.3%) jobs over the year. Construction had the largest employment increase with 10,800 (6.0%), followed by Manufacturing (10,000; 2.4%). Mining & Logging (100; 1.8%) reported the only over-the-year decrease.Food had the largest manufacturing employment with 52,100 in June 2015. Fabricated Metal Product had the largest net over-the-year increase at 3,100.
Other manufacturing industries with gains were: Furniture & Related Product, 2,000; Transportation Equipment, 1,800; Plastics & Rubber Products, 1,500; Machinery, 1,300; Wood Product, 800; Chemical, 400; and Beverage & Tobacco Product, 300.Average Weekly Hours for manufacturing production workers in June remained unchanged from May’s revised rate of 42.5. Average Hourly Earnings fell by $0.05 to $16.97, as Average Weekly Earnings dropped $2.12 to $721.23.
Regular Initial Claims for Unemployment Insurance (UI) totaled 20,418 in June, increasing 596 from May. Less than 1 percent of Initial Claims for June 2015 were “attached” to a payroll, meaning that employees expect to be recalled to their jobs.
A total of $24,298,977 in regular UI benefits was paid in June to 28,916 claimants statewide — an increase of 772claimants since May 2015.
For the 12-month period ending June 2015, $335,854,746 was paid under the Regular UI Program. The UI Trust Fund balance at the end of June was $475,759,442. The State Reserve Fund balance was $132,650,185.
Source: North Carolina Department of Commerce - Labor and Economic Analysis Division.

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