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North Carolina

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Payroll employment in North Carolina increased by 8,000 jobs in September (0.2 percent). The unemployment rate was unchanged at 3.8 percent.

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  • "North Carolina's monthly job growth accelerated in September, primarily due to robust payroll employment gains in the education and health services sector." – Bethany Greene
  • Payroll employment in North Carolina increased by 8,000 jobs, on net, in September (0.2 percent). Job gains were led by education and health services (7,000 jobs) and professional and business services (2,000 jobs). Monthly job gains were partially offset by two sectors that experienced job losses over the period, namely, financial activities and leisure and hospitality, losing 1,000 and 2,000 jobs, respectively.
  • On a yearly basis, payroll employment increased by 77,000 (1.5 percent). Annual job growth was led by education and health services (30,000 jobs), leisure and hospitality (17,000) and government (17,000). Two industries experienced job losses over the year — manufacturing (2,000 jobs) and trade, transportation and utilities (4,000) jobs.
  • The unemployment rate in North Carolina was unchanged at 3.8 percent but is up 0.2 percentage points from a year ago.

Housing Market icon showing a picture of a house Housing Market Conditions

  • North Carolina issued 27.3 percent less residential permits in September 2024 than in August 2024. Residential permitting decreased by 17.2 percent in September 2024 compared to September 2023.
  • According to the Federal Housing Finance Agency, home values grew by 2.2 percent in Q2 of 2024 compared to Q1 of 2024. Home values rose 5.9 percent from Q2 of 2023 to Q2 of 2024.
Snapshot Resources
  • Term Definitions

    Payroll Employment
    The number of nonfarm jobs (persons on payrolls) according to where those jobs are located.

    Unemployment Rate
    The number of unemployed persons (those not employed but available and searching for work) as a percent of the civilian labor force (the total number of employed plus unemployed persons).

    Industry Structure
    A breakdown of total nonfarm jobs by industry. Percentages sum to 100 percent.

    Industry Growth
    The percentage change in jobs in each industry from a year ago.

    Building Permits
    The number of privately owned single-family and multi-family units authorized in permit-issuing places.

    House Price Index
    A repeat sales index, measuring average price changes in repeat sales or refinancings on the same single-family properties.

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