Change Indicator

Unemployment in North Carolina

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Why This Indicator Matters

The U-3 Unemployment Rate is the official measure of unemployment, reflecting the portion of the labor force actively seeking work. It is widely used by policymakers and economists to assess the health of the economy and guide decisions on economic policies.
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Definition and Source

PROVIDER

Definition

Number and average annual percent of the civilian labor force that does not have a job, has actively looked for work in the prior four weeks, and is currently available for work. Not seasonally adjusted.

This is also referred to the U-3 Unemployment Rate. 

Notes

The U-3 unemployment rate does not capture individuals working part-time for economic reasons or those who have temporarily ceased job searching in the past four weeks due to discouragement or other personal factors.

Data accessed May 2024.

Last Updated

December 2024