Agency: North Carolina unemployment rate neared 13% in May

North Carolina's unemployment rate neared 13% in May, a state agency said Friday, matching last month's adjusted figure that had soared due to massive layoffs and furloughs from the COVID-19 economic shutdown.

The new rate of 12.9% was higher than the April's rate of 12.2% when it was initially announced last month. But the April rate was revised upward, the Division of Employment Security said, so that it's now identical to May. Such revisions…Read more