Charlotte, NC Jobs Report
Real time jobs report data summary. Figures are based on the latest data provided by the Bureau of Labor Statistics (BLS.gov). All jobs numbers are for non-farm employment.
Metro
+9,400
State
+48,100
National
+638,000
Metro
7.0%
State
7.0%
National
6.9%
While more than 21 million people continue to receive unemployment benefits during the peak of the economic shutdown in the spring due to the pandemic, the unemployment rate fell rapidly to 6.9 percent, from 7.9 percent in September.
This added 638,000 jobs last month, which some view as a sign that the labor market will continue to heal slowly as a resurgence in the coronavirus threatens future growth. This came as a positive this month as the labor force participation rate that rose 0.3 percentage points to 61.7%.
“The strength of this report is really amazing in the face of rising coronavirus cases,” said Michael Arone, chief investment strategist at State Street Global Advisors. The U.S. economy has recovered two-thirds of the ground it lost during the first half of the year.
*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.
BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov. The BLS defines a sector as a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. A sector consists of multiple industries. The BLS defines an industry as a group of establishments that produce similar products or provide similar services. Multiple industries makeup sectors.
