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NC unemployment rate for June a gauge of economy

RALEIGH, NC (AP) — The most-watched number in economics and politics this year is being updated for North Carolina.

The state Commerce Department on Friday updates the unemployment rate with new numbers for June.

North Carolina’s unemployment rate in May was unchanged from April at 9.4 percent. It might have been worse except fewer people were looking for jobs.

The rate was previously frozen near 11 percent between July and September, but had been gradually declining since October.

Also Friday, some of North Carolina’s political bigwigs are gathering to talk jobs in Raleigh. U.S. Sen. Kay Hagan, the president of the North Carolina Rural Economic Development Center, and the head of the state’s community college system are meeting to discuss future job creation efforts.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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