Orange County NC Website
Browse       Search
17 <br /> 2020-2021 NORTH CAROLINA UNEMPLOYMENT RATE <br /> 16.0 <br /> 14.0 <br /> 12.0 — <br /> 10.0 <br /> 8.0 <br /> 6.0 <br /> 4.0 <br /> 2.0 <br /> 0.0 <br /> JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC <br /> U.S.Seasonally Adjusted —NC SeasonallyAdjusted Forecast —NC SeasonallyAdjusted <br /> FORECAST reports historical seasonally adjusted monthly unemployment rates for North Carolina and the United States and <br /> forecasts the seasonally adjusted monthly unemployment rate for North Carolina. The seasonal adjustment accounts for variations in <br /> labor market conditions that cause regular fluctuations in the unemployment level each month. <br /> The graph at the top of this page provides a summary of the monthly unemployment rates for 2020 and 2021. The solid blue line <br /> represents the United States seasonally adjusted historic unemployment rate. The seasonally adjusted unemployment rate for the <br /> North Carolina is represented by the solid green line. The North Carolina seasonally adjusted unemployment rate forecast is <br /> represented by the solid red line. The seasonally adjusted rates for the United States and North Carolina can be compared directly <br /> and provide more reliable estimates than the unadjusted rates. <br /> The United States started 2020 with an unemployment rate of 3.6 percent, which fell to 3.5 percent in February. North Carolina <br /> started the year with a 3.6 percent rate of unemployment. Both the U.S. and North Carolina unemployment rates jumped <br /> dramatically in April to 14.7 and 12.9 percent respectively. Since then, both the U.S. and North Carolina rates have fallen <br /> dramatically to 6.7 percent and 6.3 percent by December. The North Carolina rate should decline through the rest of the year and <br /> reach 5.2 percent by December of 2021. <br />