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RALEIGH, NC - On October 14, 2025, North Carolina's Finance Department reported record-breaking economic growth in the state for the third quarter of the year. According to the latest data, North Carolina's GDP grew by 7.2%, surpassing expectations and outpacing the national average.The Finance Department credited this strong growth to a number of factors, including increased consumer spending, a booming housing market, and robust job creation. Retail sales saw a significant uptick, with consumers feeling more confident in their financial stability and spending more on goods and services.Additionally, North Carolina's housing market continued to thrive, with home prices reaching new highs and construction activity remaining strong. This trend has not only boosted the state's economy but has also created new opportunities for job seekers in the construction and real estate industries.Unemployment in North Carolina dropped to 3.5%, well below the national average, as businesses across the state continued to expand and hire new employees. This low unemployment rate has led to higher wages and improved job security for workers in North Carolina.Governor Sarah Reynolds expressed her optimism about the state's economic outlook, stating, "I am thrilled to see North Carolina's economy performing so well in the third quarter of 2025. This record-breaking growth is a testament to the resilience and hard work of our residents and businesses. I am confident that North Carolina will continue to thrive in the coming months and years."Looking ahead, experts predict that North Carolina's economy will continue to grow at a steady pace, driven by strong consumer confidence, a healthy housing market, and a robust job market. With the state's finances in a strong position, North Carolina is poised for continued success in the months to come.