banner
Business

NC unemployment rate dips below national average in December

Posted January 27, 2015

Unemployment
Map Marker  Find News Near Me

— Continued job gains and a dip in the number of people listed as unemployed helped push North Carolina's unemployment rate in December below the national average, according to data released Tuesday by the state Department of Commerce.

North Carolina's unemployment rate in December was a six-year low 5.5 percent, while the national rate sits at 5.6 percent. The state rate has been falling since September.

The last time the North Carolina rate was below the national average was last April.

Employers added better than 15,000 people to their rolls in the final month of 2014, and the number of people listed as unemployed fell by 15,843, to 255,510.

The state's labor force – the number of people employed plus those actively looking for work – fell by 14,560 in December, to 4,619, 532.

Construction, trade, transportation and utilities, professional and health services and leisure and hospitality services saw big gains during the month, while manufacturing, education and health services and government saw modest losses.

Private employers added 16,000 jobs in the month.

Gov. Pat McCrory said Tuesday that the latest job numbers are a positive sign for the state.

“The latest report released today continues to show that North Carolina is headed in the right direction when it comes to creating jobs and rebuilding the economy,” McCrory said in a statement. “While we are seeing more and more positive news on our economy, we must continue making the tough decisions that will move our state forward in a positive direction.”

37 Comments

Please with your WRAL.com account to comment on this story. You also will need a Facebook account to comment.

Oldest First
View all
  • tran Jan 27, 2015

    I'm dismayed that all the media outlets continually report dips in the unemployment rate without mentioning the flawed methodology used to calculate the unemployment rate which was discredited long ago.

  • Ken Ackerman Jan 27, 2015
    user avatar

    View quoted thread


    Unemployment is calculated differently in NC than ANY other state. You can thank Mccrory and his buddies.

  • lessismore Jan 27, 2015

    CHEMIST18 SAYS, "The Republicans aren't stupid, they just depend on our ignorance".

    So now the shoe is on the other foot....is that what you are saying? It was the Obama administration that came up with this new formula to calculate unemployment....not the GOP. It was also Obama who hired the architect for Obama Care and he said, The American people are too ignorant to understand that Obama Care could only be passed with lies.

  • Pensive01 Jan 27, 2015

    View quoted thread



    Well I managed to find an online full copy of the paper in question, which can be found here at http://c0.nrostatic.com/sites/default/files/w20884.pdf
    Unfortunately I am utterly unable to follow how they reached their conclusion, as they reached not by actually looking to see if anyone actually created their own business, but by means of some pretty heavy duty mathematical formulas and economic models that I have no idea how to interpret.

  • foodstamptrader Jan 27, 2015

    View quoted thread


    I think the point of the paper was that those forced off unemployment were more likely to create jobs for themselves if they could not find willing employers. People are spurred to start businesses, offer services, become contractors. This expands the employment base since these folks created jobs for themselves. I have done it myself in the past.

    I think it has merit for those who don't think the only way to make a living is to either wait on someone else to hire you, or wait on the government to support you.

  • miseem Jan 27, 2015

    View quoted thread


    Can't get more than a summary unless you have a subscription. I'm still wondering how getting unemployment benefits cut creates jobs. Especially in a period of unemployment rates above 9%. Either the people losing unemployment are supplanting existing unemployed workers, having no effect on the overall rate, or magically, employers decided to be benevolent and start hiring at higher levels. Or maybe, the economy is improving.

  • miseem Jan 27, 2015

    Notice the data on the state labor force. Total of people employed and people looking for work dropped by almost 15,000 in December. I'm not really sure if you would consider this an improvement. Regardless of how you want to spin it. Population increasing, work pool shrinking.

  • Eq Videri Jan 27, 2015
    user avatar

    Bad news for Coop.

  • Itsmyopinion67 Jan 27, 2015

    Obama does it again!

  • Ken Ackerman Jan 27, 2015
    user avatar

    The unemployment rate in NC "dipped" because they've changed how people are counted. Now you are only counted as "unemployed" for 20 weeks, after that you are invisible. In EVERY other state you are counted for a minimum of 26 weeks, 52 weeks if getting a federal extension (assuming those still exist).

    Using the same logic our representatives (I use that term loosely) could make car-jacking and armed robbery legal to make it appear NC has reduced violent crime.

    The Republicans aren't stupid, they just depend on our ignorance.

More...