Business

Charlotte’s jobless rate for June: 5 percent

The 25th annual Career Fair sponsored by CPCC in a March 2013 file photo.
The 25th annual Career Fair sponsored by CPCC in a March 2013 file photo. dlaird@charlotteobserver.com

The Charlotte region’s unemployment rate increased slightly in June from the month before, but was still lower than the same month last year.

All of North Carolina’s metro areas also saw the unemployment rate tick up in June. The jobless rate in the Charlotte metro area, which includes Concord and Gastonia, rose to 5 percent in June from 4.5 percent in May, according to a report Wednesday from the N.C. Commerce Department.

In June 2015, the Charlotte metro area’s jobless rate stood at 5.8 percent.

Over the last month, the area’s employment level increased by a net of 2,600 jobs. The leisure and hospitality sector added 4,900 jobs, and professional and business services added 2,300. Employment in the government sector fell by 8,000 jobs, according to the report.

Economists often caution against reading too much into one month’s worth of data, however, since it is subject to seasonal swings. Over the last year, total employment in the Charlotte area has risen by 29,400.

Last month, the Commerce Department said North Carolina’s statewide unemployment rate for June stood at 4.9 percent. The national jobless rate was also 4.9 percent, marking the first time North Carolina was not above the national average in more than a year.

Across North Carolina’s 100 counties, unemployment rates in 96 increased from May to June. Here are the rates in some of the neighboring counties:

▪ Cabarrus County’s rate rose to 4.7 percent from 4.3 percent

▪ Gaston County’s rate rose to 5.3 percent from 4.9 percent

▪ Iredell County’s rate rose to 4.9 percent from 4.5 percent

▪ Lincoln County’s rate rose to 4.7 percent from 4.3 percent

▪ Union County’s rate rose to 4.5 percent from 4.1 percent

  Comments