N.C. Unemployment Rate Climbs to 4.6% in May
Posted June 16, 2006
RALEIGH, N.C. — North Carolina's unemployment rate jumped to 4.6 percent in May as college graduates entered the workforce and a number of seasonal agricultural jobs were lost, the state's
Employment Security Commission
reported on Friday.
The unemployment rate in April was 4.3 percent.
North Carolina's unemployment rate matches the U.S. national rate.
"While college graduation schedules vary, there were enough May graduates to significantly affect the pool of workforce labor," said Harry Payne Jr., chairman of the ESC. "College graduates, as well as other college and high school students actively seeking work, are seen as entrants into the labor force and are considered unemployed."
Non-farm industry employment increased by 9,900 to a total of 3,899,800, according to seasonally adjusted information. That's an increase of 80,900 from May of last year, the ESC said.
The biggest increases in May jobs came in government (6,900) followed by professional and business services (1,400) and education and health services (1,200).
Overall employment fell by 7,309 to a total of 4,198,910.