NC unemployment rate drops for third month in a row

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RALEIGH, N.C. — North Carolina’s jobs market continued to show improvement in March, with the unemployment rate dipping for the third month in row.

The state Commerce Department said Friday that North Carolina’s unemployment rate was 9.7 percent last month. That’s down from 9.9 percent in February.

Employers added 38,800 more jobs than they cut, with private businesses responsible for most of the gains. North Carolina’s financial sector was the major industry with the largest monthly increase, gaining 1,600 jobs.

There were nearly 12,100 fewer people unemployed in North Carolina in March.

But the state’s jobless rate still remains higher than the national average of 8.2 percent.

Credit: The Associated Press.