North Carolina’s July Employment Figures Released

North Carolina’s July Employment Figures Released

By / State News / Monday, 22 August 2016 04:00

RALEIGH, N.C. :August 19th, 2016 - The state’s seasonally adjusted July unemployment rate was 4.7 percent, decreasing 0.2 of a percentage point from June’s revised rate. The national rate remained unchanged at 4.9 percent.
North Carolina’s July 2016 unemployment rate was 1.0 percentage point lower than a year ago. The number of people employed decreased 13,203 over the month to 4,601,491 and increased 114,518 over the year. The number of people unemployed decreased 12,953 over the month to 225,934, and decreased 47,154 over the year. Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 12,000 to 4,340,600 in July.
The major industries with the largest overthe-month increases were Government at 5,200, followed by Professional & Business Services, 3,300; Financial Activities, 2,600; Construction, 1,900; Education & Health Services, 1,700; and Other Services, 1,300. Major industries experiencing decreases were Manufacturing, 1,700; Trade, Transportation & Utilities, 1,500; Information, 400; and Leisure & Hospitality Services, 400. Mining & Logging employment remained unchanged over the month Since July 2015, Total Nonfarm jobs gained 94,100 with the Total Private sector growing by 79,200 and Government increasing by 14,900. The largest over-the-year increase among major industries was Professional & Business Services at 28,600, followed by Trade, Transportation & Utilities, 20,700; Government, 14,900; Leisure & Hospitality Services, 9,500; Education & Health Services, 8,900; Construction, 8,400; Other Services, 4,700; and Financial Activities, 200. Major industries experiencing decreases were Manufacturing, 1,400; and Information, 400. Mining & Logging employment remained unchanged over the year.
The next unemployment update is scheduled for Wednesday, August 31, 2016 when the county unemployment rates for July 2016 will be released.
The North Carolina smoothed seasonally adjusted unemployment rate was 4.7 percent in July, decreasing 0.2 of a percentage point from the previous month and falling 1.0 percentage point from July 2015. Over the month, the number of persons unemployed fell by 12,953 (5.4%). The civilian labor force declined by 26,156 (0.5%) to 4,827,425.
Nationally, July’s unemployment rate was 4.9 percent. The number of persons unemployed was 7,770,000, while the civilian labor force was 159,287,000.
Seasonally adjusted Total Nonfarm industry employment (4,340,600) increased 12,000 (0.3%) since June 2016, and increased 94,100 (2.2%) since July 2015.1 Private sector employment grew over the month by 6,800 (0.2%), while growing by 79,200 (2.2%) over the year.
Of the major industries for which payroll data are seasonally adjusted, Government (5,200; 0.7%) had the largest overthe-month gain in jobs, followed by Professional & Business Services (3,300; 0.5%), Financial Activities (2,600; 1.2%), Construction (1,900; 1.0%), Education & Health Services (1,700; 0.3%), and Other Services (1,300; 0.8%). Manufacturing (1,700; 0.4%) reported the largest over-the-month decrease, followed by Trade, Transportation & Utilities (1,500; 0.2%), Information (400; 0.5%), and Leisure & Hospitality Services (400; 0.1%). Mining & Logging reported no change.
Since July 2015, Professional & Business Services added the largest number of jobs (28,600; 4.8%), followed by Trade, Transportation & Utilities (20,700; 2.6%), Government (14,900; 2.1%), Leisure & Hospitality Services (9,500; 2.1%), Education & Health Services (8,900; 1.6%), Construction (8,400; 4.4%), Other Services (4,700; 3.1%), and Financial Activities (200; 0.1%). Manufacturing (1,400; 0.3%) reported the largest over-the-year decrease, followed by Information (400; 0.5%). Mining & Logging reported no change.
The July 2016 not seasonally adjusted Total Nonfarm employment level of 4,270,700 was 70,200 (1.6%) less than the June 2016 revised employment level of 4,340,900.
Among the major industries in North Carolina, Financial Activities had the largest over-the-month increase in employment at 4,100 (1.9%), followed by Construction (2,700; 1.4%), Professional & Business Services (2,300; 0.4%), Other Services (2,200; 1.4%), Information (400; 0.5%), and Mining & Logging (100; 1.8%).
Government (79,900; 11.2%) reported the largest over-the-month decrease, followed by Manufacturing (1,300; 0.3%), Education & Health Services (400; 0.1%), and Leisure & Hospitality Services (400; 0.1%). Mining & Logging reported no change.
Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) showed an increase of 80,100 (2.3%) jobs. Professional & Business Services experienced the largest employment increase at 28,000; 4.7%), followed by Trade, Transportation & Utilities (23,000; 2.9%), Leisure & Hospitality Services (14,100; 2.9%), Government (4,900; 0.8%), Education & Health Services (4,900; 0.9%), Other Services (3,800; 2.5%), and Financial Activities (1,600; 0.7%). Information (200; 0.3%) had the only over-the-year decrease.
The Goods Producing sector grew by 6,600 (1.0%) jobs over the year. Construction had the largest employment increase with 9,000 (4.7%). Manufacturing (2,400; 0.5%) reported a decrease, while Mining & Logging remained unchanged.
Amongst manufacturing industries, Food had the largest net over-the-year increase at 3,000. Other manufacturing industries with gains were: Furniture & Related Product, 1,200; Transportation Equipment, 900; Machinery, 800; Wood Product, 600; Plastics & Rubber Products, 400; and Electrical Equipment, Appliance & Component, 100.
Beverage & Tobacco Product had the largest net over-theyear decrease at 700 in July 2016. Other industries with decreases were: Chemical, 600; Textile Mills, 600; Apparel, 400; Fabricated Metal Product, 300; Textile Product Mills, 300; Printing & Related Support, 200; and Computer & Electronic Product, 100.
Over the month, Average Weekly Hours for total private workers in July increased six minutes from June’s revised rate of 34.4. Average Hourly Earnings grew by $0.01 to $23.31, as Average Weekly Earnings rose by $2.68 to $804.20.
Over the year, Average Weekly Hours for total private workers in July also remained unchanged from 34.5 in July 2015. Average Hourly Earnings grew by $1.18 and Average Weekly Earnings increased $40.71.
Source: North Carolina Department of Commerce.

Author

Super User

Super User

Carolina Beach North Carolina

Mostly clear
75°F
N at 7 mph /89%
Thursday
71°F / 80°F
Friday
69°F / 80°F
Saturday
68°F / 80°F

 

Please publish modules in offcanvas position.