North Carolina’s December Employment Figures Released

North Carolina’s December Employment Figures Released

North Carolina’s December Employment Figures Released

By / State News / Sunday, 28 January 2018 04:13

RALEIGH, N.C. : January 23rd, 2018 - The state’s seasonally adjusted December unemployment rate was 4.5 percent, increasing 0.2 of a percentage point from November’s revised rate.  The national rate remained unchanged at 4.1 percent.

North Carolina’s December 2017 unemployment rate decreased 0.7 of a percentage point from a year ago.  The number of people employed decreased 12,081 over the month to 4,727,107 and increased 63,522 over the year. The number of people unemployed increased 8,755 over the month to 222,116 and decreased 34,736 over the year. 

Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 12,500 to 4,457,700 in December.  The major industries with the largest over-the-month increases were Professional & Business Services at 3,600, followed by Financial Activities, 2,800; Leisure & Hospitality Services, 2,600; Trade, Transportation & Utilities, 1,600; Construction, 1,300; Other Services, 900; and Manufacturing, 700. Major industries experiencing decreases were Education & Health Services, 700; and Government, 300. Information and Mining & Logging industry employment remained unchanged over the month.

Since December 2016, Total Nonfarm jobs gained 75,000 with the Total Private sector growing by 67,700 and Government increasing by 7,300. The largest over-the-year increase among major industries was Professional & Business Services at 36,200, followed by Education & Health Services, 16,400; Trade, Transportation & Utilities, 8,100; Government, 7,300; Leisure & Hospitality Services, 7,200; Other Services, 3,500; Financial Activities, 1,700; Manufacturing, 700; and Mining & Logging, 200. Major industries experiencing decreases were Information, 4,200; and Construction, 2,100.

The next unemployment update is scheduled for Thursday, February 1, 2018 when the county unemployment rates for December 2017 will be released.  The state unemployment rate for January 2018 will be released Monday, March 12, 2018.

The North Carolina smoothed seasonally adjusted unemployment rate was 4.5 percent in December, increasing 0.2 of a percentage point from the previous month and falling 0.7 of a percentage point from December 2016. Over the month, the number of persons unemployed grew by 8,755 (4.1%). The civilian labor force decreased by 3,326 (0.1%) to 4,949,223.

Nationally, December’s unemployment rate was 4.1 percent. The number of persons unemployed was 6,576,000, while the civilian labor force was 160,597,000.

Seasonally adjusted Total Nonfarm industry employment (4,457,700) increased 12,500 (0.3%) since November 2017 and 75,000 (1.7%) since December 2016.1 Private sector employment grew over the month by 12,800 (0.3%) and 67,700 (1.9%) over the year.

Of the major industries for which payroll data are seasonally adjusted, Professional & Business Services (3,600; 0.6%) had the largest over-the-month gain in jobs, followed by Financial Services (2,800; 1.2%), Leisure & Hospitality Services (2,600; 0.5%), Trade, Transportation & Utilities (1,600; 0.2%), Construction (1,300; 0.6%), Other Services (900; 0.6%), and Manufacturing (700; 0.1%). Education & Health Services (700; 0.1%) reported the largest over-the-month decrease, followed by Government (300; >-0.1%). Information and Mining & Logging remained unchanged.

Since December 2016, Professional & Business Services added the largest number of jobs (36,200; 5.8%), followed by Education & 

Health Services (16,400; 2.8%), Trade, Transportation & Utilities (8,100; 1.0%), Government (7,300; 1.0%), Leisure & Hospitality Services (7,200; 1.5%), Other Services (3,500; 2.3%), Financial Activities (1,700; 0.7%), Manufacturing (700; 0.1%), and Mining & Logging 

(200, 3.5%). Information (4,200; 5.4%) reported the largest over-the-year decrease, followed by Construction (2,100; 1.0%).

The December 2017 not seasonally adjusted Total Nonfarm employment level of 4,493,300 was 6,800 (0.2%) more than the November 2017 revised employment level of 4,486,500. Among the major industries in North Carolina, Trade, Transportation & Utilities had the largest over-the-month increase in employment at 8,900 (1.1%), followed by Financial Activities (1,500; 0.7%), Professional & Business Services (1,000; 0.2%), Other Services (300; 0.2%), and Information (200; 0.3%). Leisure & Hospitality (2,400; 0.5%) reported the largest over-the-month decrease, followed by Government (1,700; 0.2%), Manufacturing (600; 0.1%) and Education & Health Services (400; 0.1%). Construction and Mining & Logging remained unchanged.

Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) showed an increase of 81,200 (2.2%) jobs. Professional & Business Services experienced the largest employment increase at 37,500 (6.1%), followed by Education & Health 

Services (16,800; 2.8%), Trade, Transportation & Utilities (8,900; 1.1%), Leisure & Hospitality Services (8,900; 1.9%), Government (7,300; 1.0%), Other Services (4,000; 2.7%), and Financial Activities (1,800; 0.8%). Information (4,000; 5.1%) reported the only over-the-year decrease.

The Goods Producing sector grew by 1,300 (0.2%) jobs over the year. Manufacturing had the largest increase with 1,500 (0.3%), followed by Mining & Logging (200; 3.5%). Construction (400; 0.2%) reported a decrease.

Amongst manufacturing industries, Fabricated Metal Product had the largest net over-the-year increase at 2,400. Other manufacturing industries with gains were: Machinery, 600; Plastics & Rubber Products, 600; Beverage & Tobacco Products, 100; and Chemical, 100.

Computer & Electronic Product had the largest net over-the-year decrease at 1,200 in December 2017. Other industries with decreases were: Food, 700; Transportation Equipment, 600; Apparel, 400; Furniture & Related Product, 300; 

Textile Product Mills, 200; and Wood Product, 100. Electrical Equipment, Appliance & Component, Printing & Related Services, and Textile Mills remained unchanged.

Over the month, Average Weekly Hours for total private workers in December decreased 6 minutes from November’s revised rate of 34.5. Average Hourly Earnings grew by $0.17 to $24.34, as Average Weekly Earnings increased by $3.43 to $837.30.

Over the year, Average Weekly Hours for total private workers in December remained unchanged from the revised rate of 34.4 in December 2016. Average Hourly Earnings grew by $0.71 and Average Weekly Earnings increased $24.43.

Source: North Carolina Department of Commerce. 

 

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