Employment Level for North Carolina
EMPLOYNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,076,500.00
Year-over-Year Change
7.22%
Date Range
10/1/2003 - 7/1/2024
Summary
The Employment Level for North Carolina measures the total number of people employed in the state. This metric is closely watched by economists and policymakers as an indicator of economic health and labor market conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Employment Level for North Carolina is a monthly measure of the total number of people employed within the state's borders, regardless of industry or occupation. It provides a broad snapshot of the overall labor market and is used to analyze employment trends, workforce participation, and economic activity.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is important for understanding the state's economic performance and can inform policy decisions related to workforce development, business climate, and regional competitiveness.
Key Facts
- North Carolina's employment level reached a record high in 2022.
- The state's employment rate has consistently outpaced the national average.
- The manufacturing and healthcare sectors are major drivers of employment in North Carolina.
FAQs
Q: What does this economic trend measure?
A: The Employment Level for North Carolina measures the total number of people employed within the state, providing a broad indicator of labor market conditions and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and businesses as it offers insights into the overall health of the state's economy and can inform decisions related to workforce development, business investment, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Employment Level for North Carolina is used by state and local governments, as well as private-sector analysts, to assess the strength of the labor market, identify areas of economic growth or decline, and inform policy decisions related to workforce development, business incentives, and regional competitiveness.
Q: Are there update delays or limitations?
A: The Employment Level for North Carolina is reported monthly, with a slight delay to allow for data collection and processing. While the data provides a comprehensive overview of the state's labor market, it may not capture rapid or localized changes in employment.
Related Trends
All Employees: Mining and Logging: Mining, Quarrying, and Oil and Gas Extraction in North Carolina
SMU37000001021000001SA
Gross Domestic Product: Arts, Entertainment, and Recreation (71) in North Carolina
NCARTENTRECNGSP
Average Weekly Hours of All Employees: Information in North Carolina
SMU37000005000000002
Gross Domestic Product: Transit and Ground Passenger Transportation (485) in North Carolina
NCTRANGRNDTRANNGSP
All Employees: Manufacturing: Non-Durable Goods: Plastics and Rubber Products Manufacturing in North Carolina
SMU37000003232600001SA
Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in North Carolina
MSRSNC451
Citation
U.S. Federal Reserve, Employment Level for North Carolina (EMPLOYNC), retrieved from FRED.