The state’s seasonally adjusted October 2022 unemployment rate was 3.8 percent, increasing 0.2 of a percentage point from September’s revised rate. The national rate increased 0.2 of a percentage point to 3.7 percent.
North Carolina’s unemployment rate decreased 0.6 percentage points from a year ago. The number of people employed decreased 10,310 over the month to 4,933,609 and increased 154,352 over the year. The number of people unemployed increased 9,944 over the month to 194,125 and decreased 23,846 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 8,300 to 4,827,400 in October. Major industries experiencing increases were Professional & Business Services, 4,900; Education & Health Services, 2,600; Government, 2,300; Other Services, 2,300; Manufacturing, 1,900; Trade, Transportation & Utilities, 1,300; and Construction, 900. Major industries experiencing decreases were Leisure & Hospitality Services, 6,300; Financial Activities, 1,100; and Information, 500. Mining & Logging employment remained unchanged.
Seasonally Adjusted Unemployment Rates since September 2021
| Area | Oct 2021 | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | June 2022 | July 2022 | August 2022 | Sep 2022 | Oct 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N.C. | 4.4 | 4.2 | 4.1 | 3.9 | 3.7 | 3.5 | 3.4 | 3.4 | 3.4 | 3.4 | 3.5 | 3.6 | 3.8 |
| U.S. | 4.6 | 4.2 | 3.9 | 4.0 | 3.8 | 3.6 | 3.6 | 3.6 | 3.6 | 3.5 | 3.7 | 3.5 | 3.7 |
* Please note: 2021 numbers have undergone annual revision *
Since October 2021, Total Nonfarm jobs increased 194,900 with the Total Private sector increasing by 184,100 and Government increasing by 10,800. Major industries experiencing increases were Professional & Business Services, 60,700; Leisure & Hospitality Services, 32,200; Education & Health Services, 31,800; Trade, Transportation & Utilities, 13,600; Manufacturing, 12,700; Construction, 11,800; Government, 10,800; Financial Activities, 9,400; Other Services, 8,800; and Information, 3,100. Mining & Logging employment remained unchanged over the year.
The next unemployment update is scheduled for Thursday, December 1, 2022 when the county unemployment rates for October 2022 will be released.