North Carolina unemployment rate for November released

December 20, 2013 7:15:08 AM PST
North Carolina's unemployment rate is decreasing, and some economists are offering good cheer as they look at the year ahead.

The state Commerce Department on Friday released data showing the statewide unemployment rate for November was down to 7.4 percent. The state's seasonally adjusted jobless rate in October was 8 percent, the lowest in nearly five years.

The U.S. Bureau of Labor Statistics says North Carolina and California saw the country's second-largest fall in unemployment rates in the past year, after Florida. The government said last week that employers added 200,000 jobs across the country last month and the unemployment rate dropped to a five-year low of 7 percent in November.

UNC Charlotte economist John Connaughton predicts the state will gain 86,000 jobs during 2014.

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