North Carolina Jobs
Despite having a small dip in unemployment during the month of June, jobs in North Carolina are still hard to come by. According to the Bureau of Labor Statistics, the state’s unemployment rate dropped 0.1 percent from May’s 11.1 percent to 11 percent. Not only is this still somewhat higher that the national average of 9.5 percent, it is also significantly higher than the state’s jobless rate from the previous year. In June of 2008 only 6.1 percent of North Carolina residents were unable to find jobs.
According to the Employment Security Commission of North Carolina, the small decline in unemployment didn’t stop the state’s pay roll from dropping by 5,626 workers. Currently there are 502,300 people claiming jobless benefits in the state.
The problem with these figures is that many unemployed people are left out from the data. Individuals that have exhausted their jobless benefits and those that have become too discouraged to look for work are not counted as part of the percentage of the population that is unemployed.
During the month of June, the largest month-over-month job increase occurred in the government sector. This area of employment added 13,900 positions between May and June.
The manufacturing industry saw the largest decline during the month. Employers in this sector did away with 5,500 jobs. Over the course of the last 12 months this area of employment has experienced a 14.2 percent decrease.
This was the not the largest year-over-year loss experienced in North Carolina. Over the course of the last 12 months the construction industry has lost 18.3 percent of its jobs. The sectors problems have been caused, at least in part, by the housing slump. At this time, fewer people can afford to purchase new homes. This has caused the housing market to be over saturated with on sold properties, which means there is less need for new construction projects.
Only two of the state’s industries have experienced a year-over-year gain in jobs: Educational and health services and government. Due to the necessity of the services provided by the first, many experts have said that it s relatively recession proof. This sector has seen an increase in employment of 1.5 percent during the last 12 months. The Government sector was the only category of jobs to outpace the healthcare industry. It has experienced an increase in employment of 3.4 percent since June of 2008.
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