Charlotte NC Jobless Rate Continues to Climb

The Charlotte Business Journal reports that the unemployment rate in the Charlotte metropolitan area continued to rise in July, matching a statewide trend in recent months. This climb is despite a commitment by NC Republican Governor Pat McCrory –  termed the Carolina Comeback – to lower unemployment in NC.

Employers in the area trimmed 14,900 jobs that month, representing a decline of 1.4% in total nonfarm employment, according to the latest data from the N.C. Department of Commerce. July’s jobless rate climbed to 6% from June’s revised rate of 5.8%.

Making month-to-month comparisons, however, can sometimes give a less-than-accurate picture. The state takes population surveys to determine the widely cited jobless rate, and minor fluctuations can affect the figures before taking seasonal and other adjustments into account.

Compared with July of last year, the Charlotte-Concord-Gastonia metro has added more than 37,900 to the ranks of the employed, a 3.6% increase. The unemployment rate a year ago was 6.6%.