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North Carolina

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Total payroll employment in North Carolina increased by 8,300 jobs in March (0.2 percent). The unemployment rate remained unchanged at 3.7 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Labor market conditions in North Carolina were relatively stable in March with continued solid job gains." – Bethany Greene
  • Payroll employment in North Carolina increased by 8,300 jobs, on net, in March (0.2 percent). Job gains were led by professional and business services (2,500 jobs), government (1,800) and education and health services (1,700 jobs). However, there was a slight decline in financial services employment (200 jobs).
  • On an annual basis, payroll employment increased by 64,400 jobs (1.3 percent). Yearly job growth was led by education and health services (21,200 jobs), government (16,100 jobs) and professional and business services (13,000 jobs). However, the manufacturing sector lost a total of 8,000 jobs on an annual basis.
  • The unemployment rate in North Carolina remained unchanged at 3.7 percent. However, roughly 900 people left the labor force in March.

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

  • North Carolina issued 15.6 percent more residential permits in March 2025 than in February 2025. Residential permitting increased by 15.5 percent in March 2025 compared to March 2024.
  • According to the Federal Housing Finance Agency, home values grew by 0.4 percent in Q4 of 2024 compared to Q3 of 2024. Home values rose 5.4 percent from Q4 of 2023 to Q4 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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