North Carolina’s July Employment Figures Released

North Carolina’s July Employment Figures Released

By / State News / Tuesday, 25 August 2015 04:00

RALEIGH, N.C. : August 21st, 2015 - The state’s seasonally adjusted July unemployment rate was 5.9 percent, increasing 0.1 of a percentage point from June’s revised rate. The national rate remained unchanged at 5.3 percent.
North Carolina’s July 2015 unemployment rate was 0.2 of a percentage point lower than a year ago. The number of people employed decreased 11,743 over the month to 4,482,155, and increased 135,790 over the year. The number of people unemployed increased 3,328 over the month to 279,968, and declined 2,043 over the year.
Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 20,600 to 4,259,000 in July. The major industry with the largest over-the-month increase was Government at 7,700, followed by Other Services, 5,000; Education & Health Services, 2,000; Information, 1,700; Manufacturing, 1,600; Financial Activities, 1,100; Professional & Business Services, 1,100; and Trade, Transportation & Utilities, 1,100. Major industries experiencing decreases were Construction, 500; and Leisure & Hospitality Services, 200. Mining & Logging employment remained unchanged over the month.
Since July 2014, Total Nonfarm jobs gained 110,200 with the Total Private sector growing by 112,600 and Government decreasing by 2,400. The largest over-the-year increase among major industries was Trade, Transportation & Utilities at 21,400, followed Professional & Business Services, 20,200; Leisure & Hospitality Services, 15,900; Education & Health Services, 14,700; Manufacturing, 12,600; Construction, 11,200; Other Services, 8,700; Financial Activities, 5,500; and Information, 2,500. Major industries experiencing decreases over the year were Government, 2,400; and Mining & Logging, 100.
The next unemployment update is scheduled for Tuesday, September 1, 2015 when the county unemployment rates for July 2015 will be released.
The North Carolina smoothed seasonally adjusted unemployment rate was 5.9 percent in July, increasing 0.1 of a percentage point from the previous month, and falling 0.2 of a percentage point from July 2014. Over the month, the number of persons unemployed grew by 3,328 (1.2%). The civilian labor force decreased by 8,415 (0.2%) to 4,762,123.
Nationally, July’s unemployment rate was 5.3 percent. The number of persons unemployed was 8,266,000, while the civilian labor force was 157,106,000.
Seasonally adjusted Total Nonfarm industry employment (4,259,000) increased 20,600 (0.5%) since June 2015, and 110,200 (2.7%) since July 2014.1 Private sector employment grew over the month by 12,900 (0.4%), and by 112,600 (3.3%) over the year.
Of the major industries for which payroll data are seasonally adjusted, Government had the largest over-the-month gain in jobs (7,700; 1.1%), followed by Other Services (5,000; 3.3%), Education & Health Services (2,000; 0.3%), Information (1,700; 2.3%), Manufacturing (1,600; 0.3%), Financial Activities (1,100; 0.1%), Professional & Business Services (1,100; 0.2%), and Trade, Transportation & Utilities (1,100; 0.1%). Construction (500; 0.3%) reported the largest over-the-month decrease, followed by Leisure & Hospitality Services (200; >-0.1%).
Mining & Logging and Other Services reported no change.
Since July 2014, Trade, Transportation & Utilities added the largest number of jobs (21,400; 2.8%), followed by Professional & Business Services (20,200; 3.5%), Leisure & Hospitality Services (15,900; 3.6%), Education & Health Services (14,700; 2.6%), Manufacturing (12,600; 2.8%), Construction (11,200; 6.3%), Other Services (8,700; 5.8%), Financial Activities (5,500; 2.6%), and Information (2,500; 3.4%). Government reported the largest over-the-year loss of 2,400 (0.3%), followed by Mining & Logging (100; 1.8%).
The July 2015 not seasonally adjusted Total Nonfarm employment level of 4,196,100 was 61,600 (1.4%) less than the June 2015 revised employment level of 4,257,700. Among the major industries in North Carolina, Other Services had the largest over-the-month increase in employment at 4,500 (2.9%), followed by Leisure & Hospitality Services (3,500; 0.7%), Financial Activities (2,600; 1.2%), Construction (1,800; 0.9%), Information (1,800; 2.4%), Professional & Business Services (1,500; 0.3%), Manufacturing (800; 0.2%), and Mining & Logging (100; 1.8%). Government (77,500; 11.1%) had the largest over-the-month decrease, followed by Education & Health Services (400; 0.1%) and Trade, Transportation & Utilities (300; >-0.1%).
Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) showed an increase of 93,000 (2.7%) jobs. Professional & Business Services experienced the largest employment increase with 23,700 (4.1%), followed by Leisure & Hospitality Services (22,100; 4.8%), Trade, Transportation & Utilities (20,200; 2.6%), Education & Health Services (11,000; 2.0%), Financial Activities (8,100; 3.8%), Other Services (7,900; 5.2%), and Information (2,500; 3.4%). Government (2,500; 0.4%) had the only over-the-year decrease.
The Goods Producing sector grew by 23,600 (3.7%) jobs over the year. Construction (11,800; 6.5%) and Manufacturing (11,800; 2.6%) both reported increases. Mining & Logging remained unchanged.
Food had the largest manufacturing employment with 52,000 in July 2015. Fabricated Metal Product had the largest net over-the-year increase at 3,300. Other manufacturing industries with gains were: Furniture & Related Product, 2,600; Plastics & Rubber Products, 2,100; Transportation Equipment, 1,500; Machinery, 1,000; Wood Product, 700; Chemical, 400; Beverage & Tobacco Product, 200; Electrical Equipment, Appliance & Component, 100; and Printing & Related Support Activities, 100.
Average Weekly Hours for manufacturing production workers in July decreased 54 minutes from June’s revised rate of 42.5.
Average Hourly Earnings grew by $0.07 to $16.99, as Average Weekly Earnings dropped $12.32 to $706.78.
Regular Initial Claims for Unemployment Insurance (UI) totaled 18,468 in July, decreasing 1,950 from June. Less than 1 percent of Initial Claims for July 2015 were “attached” to a payroll, meaning that employees expect to be recalled to their jobs.
A total of $23,100,072 in regular UI benefits was paid in July to 29,085 claimants statewide — an increase of 169 claimants since June 2015.
For the 12-month period ending July 2015, $325,273,773 was paid under the Regular UI Program. The UI Trust Fund balance at the end of July was $525,150,911.
Source: NC Department of Commerce - Labor and Economic Analysis Division.

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