RALEIGH – Two months before your federal government went into a partial shutdown, county unemployment rates were still improving, according to the North Carolina Department of Commerce.
President Barack Obama said Tuesday that he’s concerned this shutdown, no matter how long it lasts, will hurt the economy that is slowly improving.
In August, Orange County’s unemployment rate (not seasonally adjusted) decreased half a percent compared to July, falling from 6.2 to 5.7 percent. Additionally, compared to a year ago, the county’s jobless rate fell 0.9 percent.
Chatham County still comes in second at 5.4 percent to the state’s leader in unemployment, Currituck, at 4.1 percent. From July to August this year, Currituck County’s jobless rate fell 1.2 percent.
For the county-by-county breakdown, click here. North Carolina’s unemployment rate for September is scheduled to be released October 22.http://chapelboro.com/news/business/august-unemployment-takes-big-dive-county-by-county/
RALEIGH – North Carolina’s unemployment rate continues its steady decline and has reached a more than four-and-a-half-year low at 8.7 percent.
The North Carolina Department of Commerce announced Friday that the state’s unemployment rate saw a decrease of 0.2 percent from July to August. That followed the nation’s trend which fell from 7.4 to 7.3 percent.
Compared to a year ago, the state’s unemployment rate fell 0.9 percent from 9.6 to 8.7.
Employment increased in the state by more than 3,500 jobs in the month of August. The number of people claiming unemployment fell by more than 8,500.
County-by-county numbers for August are scheduled to be released October 2. In July, Orange County had the state’s third-lowest unemployment rate; Chatham County was second behind Currituck.http://chapelboro.com/news/business/state-unemployment-continues-steady-decline/
RALEIGH – Unemployment in Chatham and Orange counties improved just before the start of the new school year as the two areas are second and third in the state, according to the North Carolina Department of Commerce.
Both counties dropped 0.2 percent in July as Orange fell to 6.2 percent and Chatham fell to 6.1 percent. Currituck County remains the county with the lowest unemployment statewide at 5.3 percent.
Compared to the state rate of 8.9 percent, which saw an increase in July, the Triangle remains a strong area for jobs. Wake County saw a decrease of 0.1 percent to 7.2 in July; Durham County remained at 7.5 percent.
Compared to a year ago, Orange County is a whole point better from 7.2 to 6.2 percent; Chatham saw the same pattern from 7.1 to 6.1.
For the full report from the Labor and Economic Analysis Division, click here.http://chapelboro.com/news/business/triangle-unemployment-continues-to-fall/
RALEIGH – North Carolina’s unemployment rate saw its first increase since January with July’s rate at 8.9 percent.
The Department of Commerce, Labor and Economic Analysis Division announced Monday that the state’s seasonally adjusted unemployment figures didn’t follow the pattern of the national trend as the U.S. rate fell 0.2 percent to 7.6.
However, compared to July 2012, unemployment numbers decreased by more than 36,500 workers and employed workers increased by nearly 15,000.
County-by-county unemployment figures are scheduled to be released Wednesday, August 28.
WASHINGTON – U.S. employers added 162,000 jobs in July, the fewest since March. But the gains were enough to lower the unemployment rate to a 4 1/2 -year low of 7.4 percent.
The Labor Department says the rate fell from 7.6 percent in June. But that was one of the few good signs in an otherwise lackluster report.
Fewer jobs were added in the previous two months than earlier estimated. Americans worked fewer hours and their pay dipped. The figures suggest weak economic growth may be making businesses cautious about hiring.
The Federal Reserve will pay particularly close attention to the figures as it decides whether to scale back its $85 billion monthly bond purchases later this year.http://chapelboro.com/news/us-employers-add-162k-jobs-rate-falls-to-7-4-pct/
ORANGE COUNTY – Not long ago, Orange County had the lowest unemployment rate in the state. But, according to the newest report by the North Carolina Civilian Labor Force, we have taken another hit.
Orange County’s unemployment rate rose to 6.5 percent in June, compared to 5.9 percent in May. However, at this same time last year, the county’s unemployment rate was 7.1 percent.
The North Carolina Department of Commerce says the state’s unemployment rate was at 9.3 percent in June, with the unemployment rate increasing in 81 counties. All of the state’s metropolitan areas experienced lower employment.
Those unemployed increased by around 16,100 people, bringing the number of unemployed workers in the state up to around 439,400.
These numbers are not seasonally adjusted.
Orange County had the lowest unemployment rate in the state for six months until November 2012. It is now ranked third, behind Currituck and Chatham Counties, who are first and second respectively.
The full unemployment report can be read here.http://chapelboro.com/news/business/oc-unemployment-increases-in-june/
RALEIGH — Orange County’s 5.9 percent (not seasonally adjusted) unemployment rate for the month of May was not good enough to top Currituck County’s state-best 5.7 percent figure, according to a report from the NC Department of Commerce released Tuesday.
The recent slide ends the area’s six month reign on top. Orange County had boasted the state’s lowest unemployment rate since Nov. 2012.
In April, Orange County held a state-leading 5.3 percent unemployment rate. However, the 0.6 percent spike in May was not uncharacteristic for many counties across the state as unemployment rates increased in 87 of NC’s counties.
However, among North Carolina’ Metro areas, Durham-Chapel Hill still holds the number one spot at a rate of 6.8 percent. The statewide rate currently sits at 8.9 percent.
Click the link below to view the full report:
RALEIGH – North Carolina’s seasonally adjusted May unemployment rate decreased to 8.8 percent from April’s revised rate of 8.9 percent. The rate in April had been North Carolina’s lowest point in more than four years.
From April to May this year, the national unemployment rate increased to 7.6 percent from 7.5 percent.
North Carolina’s May 2013 rate was 0.7 of a percentage point lower than a year ago.
The number of people employed in North Carolina increased by 1,018 during the month and by 37,331 during the year. The jobless rate declined by 2,451 during the month and 29,767 during the year. This brings the total number of employed North Carolinians to 4,303,514 and the unemployed to 416,565.
However, North Carolina Budget and Tax Center public policy analyst, Allen Freyer previously told WCHL that the month-to-month comparison of the unemployment rate doesn’t tell the whole story of North Carolina’s current economic condition.
The total labor force, as calculated by the Department of Commerce, is the pool of prime age workers who have a job or want one. So a decrease in unemployed people does not always mean an increase in those employed.
It’s also important to note that industry employment estimates are subject to large seasonal patterns. For example, of the major industries for which pay roll data are seasonally adjusted, Leisure & Hospitality Services had the largest over-the-month gain in jobs between April and May, while many other industries had an overall higher number of jobs despite a seasonal decrease.
The county unemployment rates for May 2013 are scheduled to be updated on Tuesday, July 2, 2013.http://chapelboro.com/news/business/state-unemployment-rate-sees-slight-drop-since-april/
RALEIGH – North Carolina Budget and Tax Center public policy analyst, Allan Freyer says the month-to-month comparison of the unemployment rate doesn’t tell the whole story of North Carolina’s current economic condition.
“The 15,000 workers that are no longer considered unemployed didn’t move into jobs; they didn’t move into employment,” Freyer says. “If they had, we would have seen the number of employed workers in North Carolina go up.”
From March to April this year, the number of unemployed workers dropped by 15,259. However, the number of employed workers didn’t increase by more than 15,000, in fact it also dropped by 4,188.
Freyer says the numbers are a little more disappointing than a 0.3 decrease in the unemployment rate.
The total labor force, as calculated by the Department of Commerce, is the pool of prime age workers who have a job or want one.
“And it’s now actually at the lowest level since July 2012,” Freyer says. “It erased almost nine months’ worth of gains. And, even more troubling is that the total number of employed people in North Carolina also dropped to the lowest level since October 2012.”
The unemployment rate does show signs of recovery, though. The year-to-year comparison is the best measure and shows that in April, North Carolina’s labor force increased by more than 13,000 people, the unemployment rate decreased by more than 21,000 and the employment rate increased by just more than 35,000.
Freyer says it’s not a bad thing to look at the unemployment rate to measure the economic condition, but it needs to be used as just one of the calculating tools. Another one of those tools is called the employment to population ratio.
“It measure the percent of your total population that’s employed,” Freyer says.
In April, 57 percent of the North Carolina’s population was employed; 58.6 percent of the nation’s population was employed.
Again, that can’t be the only tool used as it measures the entire population and not just the labor force.
RALEIGH – North Carolina’s seasonally adjusted unemployment rate fell to its lowest point in more than four years in April, according to figures released Friday by the NC Department of Commerce.
The jobless rate fell 0.3 to 8.9 percent in the first month of the second quarter of 2013, which equals the January 2009 rate. That marked the mid-way point of a steep incline in reports of unemployment since the beginning of the Great Recession. The uptick began around the five-percent mark in early 2008 and climbed to 11.3 percent in just more than a year. The fall has been much slower.
The country’s unemployment numbers were also positive in April, dropping 0.1 to 7.5 percent. The entire country saw the same trend in jobless reports, but only peaked at 10 percent and has since seen a slightly quicker decent.
County-by-county numbers for April are scheduled to be released Wednesday, May 29. Orange County has remained the leader in positive unemployment numbers since November 2012.