slow recovery in North Carolina

State Unemployment Report Shows Modest Improvement

Dec 21, 2012
North Carolina Department of Commerce *Data is preliminary.

North Carolina’s unemployment rate dropped to a seasonally-adjusted 9.1 percent in November, according to the latest data today from the state’s Commerce Department. That’s still more than a point above the national rate of 7.7 percent, but it’s still more “ho ho ho” than “bah humbug.”

While it decreased by 0.2 percent, North Carolina’s unemployment is still the fifth highest in the nation. But, there’s some trends that have Clemson University economist Bruce Yandle feeling the holiday spirit.

Bytemarks/Flickr

Government figures released Friday showed North Carolina’s unemployment rate is 9.6 percent. That’s fifth-worst in the country. But the state is recovering, albeit slowly.

About 62,000 more North Carolinians held jobs in September than a year ago. But even with that improvement, unemployment is still close to 10 percent, while nationally it’s under 8 percent.