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The unemployment rate in North Carolina was 9.6 percent in July, increasing 0.2 percentage points from the previous month, and 1.1 percentage points lower than July 2011. Nationally, July's unemployment rate was 8.3 percent, increasing slightly from the previous month's 8.2 percent. Seasonally Adjusted Unemployment Rate Dec. 2007 - July 2012 Start of Recession to Present 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% N.C. Department of Commerce, Labor and Economic Analysis Division --4o--US —m--NC North Carolina Total Nonfarm Employment Increased After Last Month's Decline In July 2012, North Carolina's seasonally adjusted Total Nonfarm employment gained 1,800 jobs over the month and 36,800 jobs over the year. The United States added 163,000 Total Nonfarm jobs over the month and 1,838,000 over the year. North Carolina's Private sector gained 16,000 jobs over the month and 42,700 jobs over the year. Seasonally Adjusted, nine of the 11 major North Carolina industrial sectors experienced job gains over the month. Leisure & Hospitality had the largest net increase (5,900) Government experienced the largest over - the -month loss (14,200), followed by Mining & Logging (100). For more information on the latest Current Employment Statistics for North Carolina, see the latest edition of the NC Today, which can be found here July Regular Initial Claims Climbed After a Decline in June Regular Initial Claims, which totaled 64,214 for the month ending July 31, 2012, increased 17,702 (38.1 %) from the prior month's total of 46,512. Regular Initial Claims were up 3,991 (6.6 %) compared to 60,223 in July 2011. For more information on UI claims for North Carolina and its localities, see the latest edition of the NC Today, which can be found here 1 Seepage 19 of the NC Today for more detailed information on U claims information in North Carolina. Existing Home Sales and Building Permits Continue to Improve While Foreclosure Activity Remains High Existing home sales and housing authorizations improved compared to last month and the same period last year. Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year- over -year increases, according to the National Association of Realtors. Nationwide, housing authorizations in July were at a seasonally adjusted annual rate of 812,000. This is 6.8 percent ( ±1.5 %) above the revised June rate of 760,000. Foreclosure activity was nearly 4 percent higher than June, but was nearly 10 percent lower than July 2009. One in every 397 U.S. housing units received a foreclosure filing during the month, according to Realty Trac. Labor & Economic Analysis Division; August Mg4r Dptnber 1 1 -1 Page 150 O O O O ti ti ti ti titi 'v 2` Q Jd0 0 C, Q C �4p Q C, Q C 0 6p QG Q JC° 2V Ql O Q Q O Q Q O P P O Q Q O Q LAUS, North Carolina Department of Commerce, Labor and Economic Analysis Division