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North Carolina

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Payroll employment in North Carolina increased 23,100 jobs (0.5 percent) in June. The unemployment rate remained constant at 3.6 percent.

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  • "North Carolina added over 23,100 jobs in June, accounting for over 11 percent of all jobs added in the United States." – Laura Ullrich
  • Payroll employment in North Carolina increased 23,100 jobs (0.5 percent), on net, in June. The government sector added 17,900 jobs. Education and health services and leisure and hospitality also had strong months, adding 5,500 and 3,200 jobs respectively. This was followed by financial activities (1,100 jobs), manufacturing (800 jobs), construction (600 jobs) and trade, transportation and utilities (400 jobs). Only one sector in North Carolina saw a decrease in employment in June, with professional and business services losing 6,800 jobs after a very strong level of growth in May.
  • On a year-over-year basis, payroll employment in North Carolina increased by 79,600 jobs (1.6 percent), on net. North Carolina had more than 400,000 more jobs in June 2024 than in February 2020, an 8.8 percent increase since before the pandemic.
  • The unemployment rate in North Carolina remained constant at 3.6 percent in June, up from 3.4 percent a year ago.

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

  • North Carolina issued 1.8 percent less residential permits in June than in May 2024. Residential permitting increased by 7 percent in June 2024 compared to June 2023.
  • According to the Federal Housing Finance Agency, home values grew by 1.5 percent in Q1 of 2024 when compared to Q1 of 2023. Additionally, their value appreciated by 6.7 percent from a year ago.
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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