The Triangle's unemployment rate rose to 8.9 percent in September.
The latest data were released today by the N.C. Employment Security Commission and adjusted for seasonal effects by Wells Fargo Securities economists in Charlotte. The News & Observer uses the revised data to provide a more statistically valid measure of local unemployment The state jobless rate, which remained flat at 10.8 percent in September, is seasonally adjusted by the Employment Security Commission.
Though the rate rose from August's level of 8.5 percent, Wells Fargo senior economist Mark Vitner said there were still some positive signs.
"What we’re seeing is that the percentage of people that were unemployed because they were laid off is not rising anymore," he said. "We’re simply not creating jobs fast enough to keep up."
The Triangle fared better than other areas of the state and remained below the U.S. unemployment rate of 9.8 percent. In Charlotte, unemployment rose from 11.5 percent to 12.2 percent.
And, Vitner said, the increases will likely continue in the next few months.
"I would like to say the unemp rate has peaked," he said. "It hasn't."