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The combination of decreased employment and increased unemployment pushed the unemployment rate for
<br />the State up again this month, from 9.9 percent in June to 10.1 percent in July on a seasonally adjusted basis.
<br />While the North Carolina unemployment rate is higher than last month, it's lower than it was in July 2010. The
<br />U.S. unemployment rate dropped over the same period, from 9.2 percent in June to 9.1 percent in July. The
<br />U.S. unemployment rate held steady at 9.1 percent for the month on August.
<br />N.C. Employment Security Commission, Labor Force Statistics
<br />Initial unemployment benefit claims are a leading indicator of future unemployment rates. New initial
<br />claimants totaled 56,904 in July, an increase of 4,656 from June. The top five occupations of those claiming
<br />unemployment for the first time are: 1) Laborers and Freight, Stock, and Material Movers (hand); 2) All other
<br />production workers; 3) Cashiers; 4) Production Worker Helpers; and 5) Packers and Packagers (Hand). Sixty -
<br />seven percent of the workers in the top twenty occupations claiming unemployment insurance for the first
<br />time fall into three major occupational categories: Transportation & Material Moving, Production, and Sales &
<br />Related Occupations.
<br />Previous Month
<br />(7111 compared to 6/11)
<br />Change I %Change
<br />Last Year -Same Month
<br />(7111 compared to 7/10) 12 Month Average
<br />Change I %Change I (Beg. of8 /10 -Endof 7111)
<br />North Carolina 52,2481 56,9041
<br />4,656
<br />Seasonally Adjusted
<br />Unemployment
<br />Previous Month
<br />Last Year -Same Month
<br />Start of Recession
<br />Sector
<br />Jun -11
<br />Jul -11
<br />(7 /ll compared to6 /11)
<br />(7 /ll compared to7 /10)
<br />(7 /ll compared to 12/07)
<br />(revised)
<br />(preliminary)
<br />% Point Change
<br />% Point Change
<br />% Point Change
<br />North Carolina
<br />9.9%
<br />10.1%
<br />0.2%
<br />-0.2%
<br />5.1%
<br />United States
<br />9.2°%
<br />9.1%
<br />-0.1%
<br />-0.4%
<br />4.1%
<br />N.C. Employment Security Commission, Labor Force Statistics
<br />Initial unemployment benefit claims are a leading indicator of future unemployment rates. New initial
<br />claimants totaled 56,904 in July, an increase of 4,656 from June. The top five occupations of those claiming
<br />unemployment for the first time are: 1) Laborers and Freight, Stock, and Material Movers (hand); 2) All other
<br />production workers; 3) Cashiers; 4) Production Worker Helpers; and 5) Packers and Packagers (Hand). Sixty -
<br />seven percent of the workers in the top twenty occupations claiming unemployment insurance for the first
<br />time fall into three major occupational categories: Transportation & Material Moving, Production, and Sales &
<br />Related Occupations.
<br />N.C. Employment Security Commission; Labor Market Information Division
<br />Private sector gains jobs, public sector makes North Carolina net job loss over 4 thousand
<br />Preliminary data suggest:
<br />• Since last month (June 2011) the economy experienced a net loss of 4,100 jobs.
<br />• The Government sector lost over 9 thousand jobs, for the second consecutive month.
<br />• Financial Services was the only other sector to lose more than 1,000 jobs in the last month.
<br />• Over the past twelve months employment has been relatively unchanged (0.1 percentage point increase).
<br />o Three sectors have gained over 10 thousand jobs since last year: Trade, Transportation, & Utilities,
<br />Professional & Business Services, and Leisure & Hospitality.
<br />o The North Carolina private sector has gained nearly 35 thousand jobs in the last year.
<br />• Since the start of the recession
<br />• Only the Education & Health Services sector has gained jobs since the start of the recession, adding
<br />4,100 positions.
<br />• Employment is down over 300,000 since the start of the recession in December 2007.
<br />Unemployment Initial
<br />Jun -11 Jul -11
<br />Previous Month
<br />(7111 compared to 6/11)
<br />Change I %Change
<br />Last Year -Same Month
<br />(7111 compared to 7/10) 12 Month Average
<br />Change I %Change I (Beg. of8 /10 -Endof 7111)
<br />North Carolina 52,2481 56,9041
<br />4,656
<br />1 8.9%
<br />(48)
<br />-0.1%1 58,109
<br />N.C. Employment Security Commission; Labor Market Information Division
<br />Private sector gains jobs, public sector makes North Carolina net job loss over 4 thousand
<br />Preliminary data suggest:
<br />• Since last month (June 2011) the economy experienced a net loss of 4,100 jobs.
<br />• The Government sector lost over 9 thousand jobs, for the second consecutive month.
<br />• Financial Services was the only other sector to lose more than 1,000 jobs in the last month.
<br />• Over the past twelve months employment has been relatively unchanged (0.1 percentage point increase).
<br />o Three sectors have gained over 10 thousand jobs since last year: Trade, Transportation, & Utilities,
<br />Professional & Business Services, and Leisure & Hospitality.
<br />o The North Carolina private sector has gained nearly 35 thousand jobs in the last year.
<br />• Since the start of the recession
<br />• Only the Education & Health Services sector has gained jobs since the start of the recession, adding
<br />4,100 positions.
<br />• Employment is down over 300,000 since the start of the recession in December 2007.
<br />fiber 1
<br />U.S. Bureau of Labor Statistics, Economy at a GI ance Data, Nonfarm Wage and SaIaryElTyment Page l
<br />North
<br />Carolina Nonfarm
<br />Employment
<br />Previous Month
<br />Last Year -Same Month
<br />Startof Recession
<br />Sector
<br />Jun -11
<br />Jul -11
<br />(7 /11comparedto6 /11)
<br />(7 /ll compared to7 /10)
<br />(7 /ll compared to 12/07)
<br />(revised)
<br />(preliminary)
<br />Change %Change
<br />Change I %Change
<br />Change %Change
<br />Mining &Logging
<br />5,700
<br />5,700
<br />0
<br />0.0%
<br />0
<br />0.0%
<br />(1,200)
<br />-17.4%
<br />Construction
<br />169,200
<br />169,400
<br />200
<br />0.1%
<br />(6,300)
<br />-3.6%
<br />(82,800)
<br />-32.8%
<br />Manufacturing
<br />433,600
<br />434,900
<br />1,300
<br />0.3%
<br />2,300
<br />0.5%
<br />(98,100)
<br />-18.4%
<br />Trade, Transportation, &Utilities
<br />720,400
<br />722,300
<br />1,900
<br />0.3%
<br />10,300
<br />1.4%
<br />(58,100)
<br />-7.4%
<br />Information
<br />68,300
<br />68,600
<br />300
<br />0.4%
<br />300
<br />0.4%
<br />(3,600)
<br />-5.0%
<br />Financial Activities
<br />204,900
<br />203,400
<br />(1,500)
<br />-0.7%
<br />4,800
<br />2.4%
<br />(8,500)
<br />-4.0%
<br />Professional & Business Services
<br />493,100
<br />496,700
<br />3,600
<br />0.7%
<br />12,900
<br />2.7%
<br />(9,300)
<br />-1.8%
<br />Education & Health Services
<br />537,000
<br />537,600
<br />600
<br />0.1%
<br />(200)
<br />0.0%
<br />4,100
<br />0.8%
<br />Leisure & Hospitality
<br />403,900
<br />404,600
<br />700
<br />0.2%
<br />13,200
<br />3.4%
<br />(800)
<br />-0.2%
<br />Other Services
<br />154,200
<br />154,000
<br />(200)
<br />-0.1%
<br />(2,600)
<br />-1.7%
<br />(21,500)
<br />-12.3%
<br />Government
<br />681,900
<br />670,900
<br />(11,000)
<br />-1.6%
<br />(30,300)
<br />-4.3%
<br />(23,900 )
<br />-3.4%
<br />Total Nonfarm Employment
<br />3,872,200
<br />3,868,100
<br />(4,100)
<br />-0.1%1
<br />0.1%
<br />(303,70 CF)
<br />fiber 1
<br />U.S. Bureau of Labor Statistics, Economy at a GI ance Data, Nonfarm Wage and SaIaryElTyment Page l
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