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The decrease in unemployed workers in the labor force combined with higher employment pushed the
<br />unemployment rate for the State down this month, from 10.4 percent in December to 10.2 percent in January
<br />on a seasonally adjusted basis. The decline in the unemployment rates started in September 2011. The U.S.
<br />unemployment rate fell from December to January as well, following an increase in employment and decrease
<br />in unemployment. The recently released February unemployment rate for the U.S. is 8.3 percent, unchanged
<br />since January.
<br />N.C. Department of Commerce, Division of Employment Security, Labor Force Statistics
<br />Regular Initial Claims for Unemployment Insurance increased in January compared to December. Claims in
<br />January totaled 86,204, up 17,808 from December's total of 68,396. Regular Initial Claims were down 18,503
<br />compared to January 2011. For more information on UI claims for North Carolina and its localities see the
<br />February 2012 edition of the NC Today', which can be found here
<br />North Carolina Nonfarm Employment increases for the third time in the last four months
<br />Preliminary data suggest:
<br />• Since last month (December 2011) the economy experienced a net gain of 17 thousand jobs.
<br />o Only 2 Supersectors, Leisure & Hospitality and Construction, saw employment declines compared to
<br />last month.
<br />o The rise in total nonfarm employment was the largest month -to -month growth since October 2010.
<br />• Over the past twelve months employment has risen by over 50 thousand jobs.
<br />• Only the Government and Mining & Logging sectors experienced a decline over the period.
<br />• The 1 percent increase in year- over -year Manufacturing employment is the largest percent increase
<br />since May 1995.
<br />• Since the start of the recession
<br />• Three Supersectors have seen growth, including Education &Health Services with over 18 thousand
<br />more jobs.
<br />• Four Supersectors have experienced a employment decline greater than 10 percent.
<br />North
<br />Carolina
<br />Seasonally Adjusted
<br />Unemployment
<br />Previous Month
<br />LastYear - SameMonth
<br />Start of Recession
<br />Sector
<br />Dec -11
<br />Jan -12
<br />(1/12 compared to 12/12)
<br />(1/12 compared to 1/11)
<br />(1/12 compared to 12/07)
<br />(revised)
<br />(preliminary)
<br />%Point Change
<br />%Point Change
<br />%Point Change
<br />North Carolina
<br />10.4%
<br />10.2%
<br />-0.2%
<br />-0.3%
<br />5.2%
<br />United States
<br />8.5%
<br />8.3%
<br />-0.2%
<br />-0.8%
<br />3.3%
<br />N.C. Department of Commerce, Division of Employment Security, Labor Force Statistics
<br />Regular Initial Claims for Unemployment Insurance increased in January compared to December. Claims in
<br />January totaled 86,204, up 17,808 from December's total of 68,396. Regular Initial Claims were down 18,503
<br />compared to January 2011. For more information on UI claims for North Carolina and its localities see the
<br />February 2012 edition of the NC Today', which can be found here
<br />North Carolina Nonfarm Employment increases for the third time in the last four months
<br />Preliminary data suggest:
<br />• Since last month (December 2011) the economy experienced a net gain of 17 thousand jobs.
<br />o Only 2 Supersectors, Leisure & Hospitality and Construction, saw employment declines compared to
<br />last month.
<br />o The rise in total nonfarm employment was the largest month -to -month growth since October 2010.
<br />• Over the past twelve months employment has risen by over 50 thousand jobs.
<br />• Only the Government and Mining & Logging sectors experienced a decline over the period.
<br />• The 1 percent increase in year- over -year Manufacturing employment is the largest percent increase
<br />since May 1995.
<br />• Since the start of the recession
<br />• Three Supersectors have seen growth, including Education &Health Services with over 18 thousand
<br />more jobs.
<br />• Four Supersectors have experienced a employment decline greater than 10 percent.
<br />U.S. Bureau of Labor Statistics, Economy at a Glance Data, Nonfarm Wage and Salary Employment
<br />1
<br />Seepage 18 of the NC Today for more detailed information on UI Claims Information in North Carolina; Division of Employment Services, NC Commerce.
<br />2
<br />The Bureau of Labor Statistics releases a preliminary estimate of sector employment on a monthly basis. These values are revised with a rolling 3 month lag.
<br />Policy, Research & Strategic Planning; February 2012 Report
<br />1 -4 Page 260
<br />North
<br />Carolina
<br />Seasonally Adjusted
<br />Nonfarm Em
<br />Previous Month
<br />LastYear-Same Month
<br />Startof Recession
<br />Sector
<br />Dec -11
<br />Jan -12
<br />(1/12 compared to 12/11)
<br />(1/12 compared to 1/11)
<br />(1/12 compared to 12/07)
<br />(revised)
<br />(preliminary)
<br />Change %Change
<br />Change I %Change
<br />Change %Change
<br />Mining &Logging
<br />5,500
<br />5,500
<br />0
<br />0.0%
<br />(100)
<br />-1.8%
<br />(1,400)
<br />-20.3%
<br />Construction
<br />177,700
<br />176,700
<br />(1,000)
<br />-0.6%
<br />5,900
<br />3.5%
<br />(75,600)
<br />-30.0%
<br />Manufacturing
<br />434,000
<br />437,100
<br />3,100
<br />0.7%
<br />4,400
<br />1.0%
<br />(95,700)
<br />-18.0%
<br />Trade, Transportation, & Utilities
<br />727,500
<br />733,700
<br />6,200
<br />0.9%
<br />13,600
<br />1.9%
<br />(46,900)
<br />-6.0%
<br />Information
<br />67,700
<br />68,400
<br />700
<br />1.0%
<br />100
<br />0.1%
<br />(3,800)
<br />-5.3%
<br />Financial Activities
<br />201,000
<br />203,800
<br />2,800
<br />1.4%
<br />100
<br />0.0%
<br />(12,200)
<br />-5.6%
<br />Professional & Business Services
<br />510,800
<br />514,700
<br />3,900
<br />0.8%
<br />13,900
<br />2.8%
<br />8,500
<br />1.7%
<br />Education & Health Services
<br />550,300
<br />551,200
<br />900
<br />0.2%
<br />8,200
<br />1.5%
<br />18,200
<br />3.4%
<br />Leisure &Hospitality
<br />402,500
<br />401,300
<br />(1,200)
<br />-0.3%
<br />7,900
<br />2.0%
<br />(4,600)
<br />-1.1%
<br />Other Services
<br />157,300
<br />157,300
<br />0
<br />0.0%
<br />1,400
<br />0.9%
<br />(18,800)
<br />-10.7%
<br />Government
<br />697,900
<br />699,500
<br />1,600
<br />0.2%
<br />(4,800)
<br />-0.7%
<br />4,800
<br />0.7%
<br />Total Nonfarm Employment
<br />3,932,200
<br />3,949,200
<br />17,000
<br />0.4%1
<br />50,600
<br />1 1.3%
<br />(227,500)
<br />-5.4%
<br />U.S. Bureau of Labor Statistics, Economy at a Glance Data, Nonfarm Wage and Salary Employment
<br />1
<br />Seepage 18 of the NC Today for more detailed information on UI Claims Information in North Carolina; Division of Employment Services, NC Commerce.
<br />2
<br />The Bureau of Labor Statistics releases a preliminary estimate of sector employment on a monthly basis. These values are revised with a rolling 3 month lag.
<br />Policy, Research & Strategic Planning; February 2012 Report
<br />1 -4 Page 260
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