Friday, May 21, 2010

Employment situation in North Carolina improving

The Department of Labor released its state-level estimates of employment and unemployment, and the report indicates an improving job market in North Carolina.

The estimated unemployment rate, on a seasonally-adjusted basis, dropped in April to 10.8 percent, down from 11.1 percent in March and 11.2 percent in February. At the same time, the estimated number of jobs in the state increased by about 7,500 in April, with the biggest gains coming in professional and business service establishments.

While the improvement is good news, North Carolina's unemployment rate remains substantially above the national average.