United States Congress Joint Economic Committee

North Carolina

September 2020

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
North Carolina Unemployment (U-3) 6.5% 8.5% 3.8%
U.S. Official Rate (U-3) 3.5% 3.5% 3.9%
U.S. "Real" Rate (U-6) 6.7% 6.9% 7.6%
North Carolina Labor Force Participation Rate 57.7% 58.6% 61.7%
U.S. Labor Force Participation Rate 61.7% 61.4% 63.2%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.3% 1.0% 1.7%
"Core" CPI Inflation 1.7% 1.6% 2.4%
National Gas/gal. Updated 9/24/20 12:00 AM $2.20 $2.19 $2.66
North Carolina Gas/gal. $2.06 $2.03 $2.45
South Region: Loaf of Bread $1.48 $1.46 $1.29
South Region: Milk/gal. $3.45 $3.25 $3.26
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2020 (2nd Estimate)
-31.7%
NC Real GDP
Q3/2019
2.0%
S&P 500 (YTD)
3.41% Updated 9/13/20 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
NC Hourly Rate
$7.25
Last Generated: 9/24/20 8:35 AM