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Federal Reserve Bank of Richmond

North Carolina

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Payroll employment in North Carolina increased by 400 (0 percent) in June. The unemployment rate was 3.6 percent, declining slightly by 0.1 percentage point.

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Labor market icon showing three people Labor Market Conditions

  • "North Carolina's job growth was relatively flat in June, adding only 400 jobs on net. Payroll gains were concentrated in construction and largely offset by declines in professional and business services." – Bethany Greene
  • Payroll employment in North Carolina increased by 400 (0 percent), on net, in June. Job gains were led by construction (2,900 jobs), education and health services (1,100 jobs) and professional and business services (1,000) and were partially offset by job losses in trade transportation and utilities (3,800 jobs) and leisure and hospitality (1,100).
  • On an annual basis, payroll employment increased by 62,900 jobs (1.2 percent). The industries with the highest annual job growth were education and health services (21,800 jobs), leisure and hospitality (15,600 jobs) and construction (15,500 jobs). Three industries saw annual declines: manufacturing (10,000 jobs), information services (2,900 jobs), and trade, transportation and utilities (300 jobs).
  • The unemployment rate in North Carolina was 3.6 percent, declining slightly by 0.1 percentage point. However, the labor force declined by 17,300 participants.

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

  • North Carolina issued 7.9 percent more residential permits in June 2026 than in May 2026. Residential permitting increased 13.1 percent in June 2026 compared to June 2025.
  • According to the Federal Housing Finance Agency, home values grew 0.3 percent in Q1 of 2026 compared to Q4 of 2025. Home values rose 2.4 percent from Q1 of 2025 to Q1 of 2026.
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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Joseph Mengedoth