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N.C. Unemployment Rate Increases Slightly to 5%

Posted August 17, 2007

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— North Carolina’s unemployment rate climbed to 5.0 percent in July, the highest rate since September 2006.

The jobless rated inched upward from 4.9 percent in August, with 225,155 people out of work, according to data from the state Employment Security Commission.

North Carolina’s rate remained higher than the national jobless rate for the fifth consecutive month. The U.S. unemployment rate is 4.6 percent.

However, the number of people working in July – nearly 4.3 million people – is 45,000 more than a year ago, noted ESC Chairman Harry Payne, Jr. The number of new jobs has not kept pace with the work force, which has increased by more than 56,000.

“While the unemployment rate has been fairly consistent since this time last year, employment has climbed significantly,” Payne said.

The state added more than 3,800 professional and business services magazine in July. The biggest drop came among government workers – down by 25,800. The ESC noted many of those government workers where school system employees who do not work during the summer.

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  • cjump Aug 18, 2007

    Thank you Demoncratic Party for raising the minimum wage. The affects of your program is starting already.

    America can't afford a Demoncrat in the White House or State House in 08.

  • Nancy Aug 18, 2007

    I look at the unemployment rate as a figure that shows it's the uneducated that can't or won't seek employment.

    Seems to gel with other figures on market data consistently.

  • lolly Aug 18, 2007

    Deport some aliens and the figure would go down.

  • Darren Aug 18, 2007

    So the minimum wage is raised in July and unemployment goes up in July. I'm sorry--is anyone surprised? A mandatory minimum wage destroys/reduces a society's wealth pretty much by definition.