The state’s seasonally adjusted January 2023 unemployment rate was 3.8 percent, unchanged from December’s revised rate. The national rate decreased 0.1 of a percentage point to 3.4 percent.
North Carolina’s unemployment rate increased 0.2 of a percentage point from a year ago. The number of people employed increased 10,334 over the month to 4,972,559 and increased 23,120 over the year. The number of people unemployed decreased 4,198 over the month to 193,845 and increased 7,121 over the year.
Seasonally adjusted Total Nonfarm employment, as gathered through the monthly establishment survey, increased 15,300 to 4,867,800 in January. Major industries experiencing increases were Leisure & Hospitality Services, 4,900; Construction, 3,900; Government, 2,700; Education & Health Services, 1,900; Information, 1,700; Manufacturing, 1,400; Financial Activities, 1,100; and Other Services, 600. Major industries experiencing decreases were Trade, Transportation & Utilities, 2,100; and Professional & Business Services, 800. Mining & Logging employment remained unchanged.
Seasonally Adjusted Unemployment Rates since January 2022
| Area | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | June 2022 | July 2022 | August 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N.C. | 3.6 | 3.4 | 3.3 | 3.3 | 3.4 | 3.6 | 3.7 | 3.9 | 3.9 | 3.9 | 3.9 | 3.8 | 3.8 |
| U.S. | 4.0 | 3.8 | 3.6 | 3.6 | 3.6 | 3.6 | 3.5 | 3.7 | 3.5 | 3.7 | 3.6 | 3.5 | 3.4 |
* Please note: 2022 numbers have undergone annual revision *
Since January 2022, Total Nonfarm jobs increased 169,700 with the Total Private sector increasing by 162,300 and Government increasing by 7,400. Major industries experiencing increases were Leisure & Hospitality Services, 42,500; Professional & Business Services, 26,900; Education & Health Services, 25,500; Trade, Transportation & Utilities, 16,100; Construction, 12,800; Financial Activities, 11,200; Manufacturing, 9,900; Other Services, 9,500; Information, 8,000; and Government, 7,400. The only major industry experiencing a decrease over the year was Mining & Logging, 100.
The next unemployment update is scheduled for Friday, March 17, 2023 when the county unemployment rates for January 2023 will be released.