The jobs report this Labor Day shows employment numbers in North Carolina and across the country are looking up.
Nationwide the unemployment rate is at 5.1%, which is a seven year low. And North Carolina's jobless rate is at 5.9%, which is a slight drop from this time last year.
The owner of a local small business tells Fox 46 News he usually has high school and college students apply, but the demand for jobs is also bringing others in the door. Vince Hill, owner of Caravan Coffee and Dessert Bar in Belmont, said, “I've seen a lot of adult people coming in looking for jobs.”
Hill says he averages about one to two people a day dropping by the shop to apply. He just recently hired Dustin Truong, a college student. Truong explains how the job benefits him. He said, “It gives me extra pocket money to buy books and stuff and clothes.”
Despite a positive employment report, an economist says because hiring has slowed, there’s room for improvement. Austan Goolsbee said, “We missed the expectation. There are some things that are positive in it, and it feels to me like the same old thing. We’re plugging along ok, but not great.”
The U.S. job numbers that were recently released are important because they're part of the last unemployment report that will come out before the Federal Reserve meets next week. They're expected to decide whether to raise a key interest rate for the first time in a decade.