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Business & Economy

NC Unemployment Rate Doesn't Budge

North Carolina's unemployment rate held steady at 9-point-7 percent in May. The rate has been constant for the last three months. The state unemployment figure is more than half a percent higher than the national rate. Larry Parker with the state Employment Security Commission says these numbers are indicative of the sluggish economy.

Larry Parker: "I think what we're seeing is what we've seen over the last six or seven or eight months. the economy is very static right now. there have not been major gains in the job force it is just a very very slow recovery."

Major job losses occurred in the professional and business service sector as well as in education and government. Gains occurred in Financial Activities, construction and leisure and hospitality.

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