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State's unemployment inches down 9.3 percent since 2011

Originally published: Nov. 21, 2012
Last modified: Nov. 21, 2012

Adam Orr

North Carolina's seasonally adjusted unemployment rate decreased .3 percent in October, falling to 9.3 percent. 

During the same period, the national unemployment rate increased .1 percent to 7.9 percent. North Carolina's October 2012 unemployment rate was 1.3 percent lower than a year ago. 

The number of people employed (smoothed seasonally adjusted) increased 43,699 to 4,269,351 over the month, and 95, 425 over the year. 

Seasonally adjusted total nonfarm industry employment, as gathered through the monthly establishment survey, increased by 8,000 to 3,964,800 in October. 

The next unemployment update is scheduled for Nov. 27, when the county unemployment rates for October 2012 will be released. 

Regular Initial Claims for Unemployment Insurance totaled 59,118 in October, increasing 16,756 from September. 

A total of $102 million in regular UI benefits was paid in October to 99,984 claimants statewide — an increase of 3,986 claimants since September 2012. 

For the 12-month period ending October 2012, $2,993,534,706 was paid from all programs, both state and federal. The UI Trust Fund balance at the end of October was in the red  by $2.5 million. The State Reserve Fund balance was $46.6 million. 

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