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North Carolina

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Payroll employment in North Carolina increased by 7,700 jobs (0.2 percent) in January. The unemployment rate remained unchanged at 3.7 percent.

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Labor market icon showing three people Labor Market Conditions

  • "North Carolina began 2025 with solid employment growth. However, a sizable amount of job gains were offset by job losses in the leisure and hospitality sector." – Bethany Greene
  • Payroll employment in North Carolina increased by 7,700 jobs, on net, in January (0.2 percent). Job gains were led by trade, transportation and utilities (3,200 jobs) and education and health services (2,600 jobs). However, leisure and hospitality employment declined by 3,800 workers during the month.
  • On an annual basis, payroll employment increased by 60,500 jobs (1.2 percent). Yearly job growth was led by education and health services (23,700 jobs), government (19,300 jobs) and professional and business services (9,700 jobs). Yearly job losses in manufacturing totaled 7,000, and leisure and hospitality employment declined slightly by 200 workers.
  • The unemployment rate in North Carolina remained unchanged at 3.7 percent.

Housing Market icon showing a picture of a house Housing Market Conditions

  • North Carolina issued 10.5 percent more residential permits in January 2025 than in December 2024. Residential permitting decreased by 9.6 percent in January 2025 compared to January 2024.
  • According to the Federal Housing Finance Agency, home values grew by 0.4 percent in Q4 of 2024 compared to Q3 of 2024. Home values rose 5.4 percent from Q4 of 2023 to Q4 of 2024.
Snapshot Resources
  • Term Definitions

    Payroll Employment
    The number of nonfarm jobs (persons on payrolls) according to where those jobs are located.

    Unemployment Rate
    The number of unemployed persons (those not employed but available and searching for work) as a percent of the civilian labor force (the total number of employed plus unemployed persons).

    Industry Structure
    A breakdown of total nonfarm jobs by industry. Percentages sum to 100 percent.

    Industry Growth
    The percentage change in jobs in each industry from a year ago.

    Building Permits
    The number of privately owned single-family and multi-family units authorized in permit-issuing places.

    House Price Index
    A repeat sales index, measuring average price changes in repeat sales or refinancings on the same single-family properties.

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