State unemployment rate slightly above national average

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By Staff Report

North Carolina’s unemployment rate continues to drop closer to the national rate, according to the North Carolina Department of Commerce.

From October to November, national unemployment numbers fell from 7.3 percent to 7.0 percent unemployment.

Unemployment in North Carolina decreased from 8.0 percent in October to 7.4 percent. .

The NCDC - Labor and Economic Analysis Division, provides the county, state and national numbers on unemployment each month.

The unemployment rate for North Carolina in September was 8.3 percent.

North Carolina’s seasonally adjusted unemployment rate has decreased gradually during 2013.

Unemployment fell two percentage points from November 2012.

For November, NCDC listed 343,611 workers unemployed out of a labor force of 4,658,113.

Regular initial claims for unemployment insurance totaled 26,273 in November, decreasing 2,869 from October.

A total of $52,641,863 in regular unemployment insurance benefits was paid in November to 58,432 claimants statewide – a decrease of 2,693 claimants since October.

For the 12-month period from November 2012-13, $1,824,101,828 was paid from all programs, both state and federal. The Unemployment Insurance Trust Fund balance at the end of November was in the red ($1,890,065,051). The State Reserve Fund balance was $54,669,262.

The next unemployment update is scheduled for Tuesday, Jan. 7, 2014 when the county unemployment rates for November 2013 will be released.

For more information visit www.ncesc.com.