Raleigh News & Observer Logo

NC jobless rate is 12.6 percent under rare federal measure | Raleigh News & Observer

×
  • E-edition
    • Customer Service
    • Support
    • Contact Us
    • About Us
    • FAQ
    • Sponsorships
    • Stay connected
    • Mobile & Apps
    • Facebook
    • Google+
    • Instagram
    • Twitter
    • Social Media Directory
    • N&O Store
    • Buy Photos
    • Databases
    • Archives
    • Newsletters

    • Blogs
    • Columnists
    • Crime
    • Education
    • Health
    • Local
    • North Carolina
    • Nation/World
    • Science
    • Thumbs Up
    • Traffic
    • Weather
    • Weird News
    • All News
    • Counties
    • Durham County
    • Johnston County
    • Orange County
    • Wake County
    • All Sports
    • Baseball
    • Canes
    • College
    • Columns & Blogs
    • High Schools
    • NASCAR & Auto Racing
    • NBA
    • NFL
    • NHL
    • Olympics
    • Outdoors
    • Panthers
    • Soccer
    • Schools
    • Duke
    • East Carolina
    • NC State
    • North Carolina
    • All Politics
    • The North Carolina Influencer Series
    • State Politics
    • Blogs
    • Columnists
    • PolitiFact
    • PolitiFact NC
    • Rob Christensen
    • Under the Dome
    • All Business
    • Blogs
    • Columnists
    • Health Care
    • Personal Finance
    • Real Estate
    • Shop Talk
    • Stocks Center
    • Technology
    • All Living
    • Video Now
    • Best-Kept Secrets
    • Blogs
    • Celebrations
    • Comics
    • Family
    • Fashion
    • Fitness
    • Food
    • Games and Puzzles
    • Home and Garden
    • Horoscopes
    • Mouthful
    • Past Times
    • Pets
    • Religion
    • Travel
    • Video Now
    • Arts News
    • ArtsNow
    • Books
    • Contests
    • Dining
    • Entertainment
    • Games
    • Movies
    • Music
    • Nightlife
    • Television
    • On the Beat
    • Happiness is a Warm TV
    • All Opinion
    • Columnists
    • Dwane Powell
    • Editorials
    • Influencers Opinion
    • Letters
    • Opinion Shop Blog
    • Other Views
    • Submit a Letter
  • Obituaries

    • Advertise with us
    • Place Ad
    • Apartments
    • Cars
    • Homes
    • Jobs
    • Legals
    • Obits/In Memoriams
    • Weddings
    • Today's Daily Deal
    • Special Sections
    • Today's Circulars
    • Rewards
    • Photo Store
  • Classifieds
  • Jobs
  • Moonlighting
  • Cars
  • Homes
  • Legals

Business

NC jobless rate is 12.6 percent under rare federal measure

By John Murawski - jmurawski@newsobserver.com

    ORDER REPRINT →

October 24, 2014 04:50 PM

North Carolina’s unemployment rate is 12.6 percent according to a little known federal estimate called the U6 index that is considered the broadest existing measure of unemployment.

The U6 rate, issued Friday by the Bureau of Labor Statistics in the U.S. Department of Labor, is almost twice as high as North Carolina’s jobless rate of 6.7 percent for September.

The U6 measure is higher because it counts people who are “underemployed” and also those who give up looking for work because they are discouraged.

Unlike the monthly jobless rate, the U6 is based on a 12-month average and is reported once a quarter. North Carolina’s third-quarter U6 figure nearly matches the 12.5 percent nationwide average; the U6 nationwide ranged from a low of 5.4 percent in North Dakota to a high of 15.9 percent in Nevada for the third quarter.

Sign Up and Save

Get six months of free digital access to The News & Observer

SUBSCRIBE WITH GOOGLE

#ReadLocal

The state’s 12.6 jobless rate represents 596,000 people out of work and underemployed in North Carolina. By comparison, September’s 6.7 percent jobless rate represents 310,279 unemployed North Carolinians.

North Carolina’s U6 rate peaked at 17.9 percent in late 2010 and again in early 2011, when more than 825,000 people were unemployed and underemployed in the state.

  Comments  

Videos

Gene therapy company doubles plans for RTP jobs after receiving incentives

Durham proposing higher density to ease housing concerns

View More Video

Trending Stories

NC judge throws out voter ID and income tax constitutional amendments

February 22, 2019 05:38 PM

Three observations from No. 8 North Carolina’s 88-72 road win over No. 1 Duke

February 21, 2019 02:18 AM

If the shoe splits, repair it: Nike execs fly in for impromptu talks at Duke

February 21, 2019 08:12 PM

What in the world happened to Zion Williamson’s shoe? A sneaker expert weighs in.

February 21, 2019 05:15 PM

Will Zion Williamson play again for Duke? He’s listed as ‘day-to-day.’

February 21, 2019 04:43 PM

Read Next

Patriots owner Kraft denies charges of soliciting prostitute
Video media Created with Sketch.

National

Patriots owner Kraft denies charges of soliciting prostitute

By TERRY SPENCER and JOSHUA REPLOGLE Associated Press

    ORDER REPRINT →

February 22, 2019 10:40 PM

New England Patriots owner Robert Kraft is denying misdemeanor charges of soliciting a prostitute.

KEEP READING

Sign Up and Save

#ReadLocal

Get six months of free digital access to The News & Observer

SUBSCRIBE WITH GOOGLE

MORE BUSINESS

Want to lure economic development? You must have infrastructure, commerce secretary says

Local

Want to lure economic development? You must have infrastructure, commerce secretary says

February 22, 2019 10:28 PM
Judge dismisses charges over boy’s death on waterslide

Business

Judge dismisses charges over boy’s death on waterslide

February 22, 2019 05:47 PM
Overtime pay for NC prison workers skyrockets, raising safety concerns

Local

Overtime pay for NC prison workers skyrockets, raising safety concerns

February 22, 2019 09:18 AM
Holly Aiken Bags and Stitch retail store is leaving Raleigh

Business

Holly Aiken Bags and Stitch retail store is leaving Raleigh

February 22, 2019 02:07 PM
Correction: Empire Cast Member-Attack story

National

Correction: Empire Cast Member-Attack story

February 22, 2019 02:47 PM
UN nuclear watchdog: Iran stays within limits of 2015 deal

Business

UN nuclear watchdog: Iran stays within limits of 2015 deal

February 22, 2019 12:20 PM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

Raleigh News & Observer App

View Newsletters

Subscriptions
  • Start a Subscription
  • Customer Service
  • eEdition
  • Vacation Hold
  • Pay Your Bill
  • Rewards
Learn More
  • About Us
  • Contact Us
  • Newsletters
  • News in Education
  • Triangletoday.com
  • Legal Notices
Advertising
  • Advertise With Us
  • About Our Ads
  • Place a Classified
  • Local Deals
  • N&O Store
  • N&O Photos
Copyright
Commenting Policy
Report News
Privacy Policy
Terms of Use


Back to Story