State unemployment rate dips as employers shed jobs
Despite a sharp dip in North Carolina's unemployment rate in November, employers in the state shed jobs during the month, according to data released Friday by the state Department of Commerce.
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The unemployment rate was down to 7.4 percent in November from 8 percent in October, the lowest in nearly five years.
The state's labor force shrank in November, falling 8,101, to 4,658,113. The number of people unemployed fell 28,138, from 371,749 in October to 343,611 in November.
About 4,314,502 people were listed as employed in November, up about 20,000 since October.
Once people without a job stop looking for a job, the government no longer counts them as unemployed.
The U.S. Bureau of Labor Statistics says North Carolina and California saw the country's second-largest fall in unemployment rates in the past year, after Florida.
The federal government said last week that employers added 200,000 jobs across the country last month, and the national unemployment rate dropped to a five-year low of 7 percent in November.
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