NC’s unemployment rate went up
The state’s unemployment rate went up to 9.6 percent in July, according to the Division of Employment Security. The national rate also increased in July to 8.3 percent.
While private-sector jobs experienced an increase of 16,000 jobs, it is the public sector that took the biggest hit with a loss of 14,200 jobs. The chart below from Progressive Pulse gives an overview of the change in jobs for different industries.
Calculated Risk also has a useful chart that shows how the current unemployment rate compares to the rate at the height of the recession in 2007. North Carolina ranks as the state with the fifth highest current unemployment rate. These numbers further illustrate the point we made earlier this week: recovery from the Great Recession remains weak and uneven.