North Carolina’s November County and Area Employment Figures Released

North Carolina’s November County and Area Employment Figures Released

By / State News / Wednesday, 07 January 2015 05:00

RALEIGH, N.C. : December 30th, 2014 - Unemployment rates (not seasonally adjusted) decreased in 72 of North Carolina’s counties in November, increased in 20, and remained unchanged in 8.
Graham County had the highest unemployment rate at 11.4 percent while Chatham County had the lowest at 3.7 percent. All of the state’s metro areas experienced rate decreases. Among the Metro areas, Rocky Mount at 7.9 percent experienced the highest rate and Asheville at 4.0 percent had the lowest. The November not seasonally adjusted statewide rate was 5.3 percent.
For New Hanover County's workforce of 108,074, the unemployment rate was 5.0% with 5,402 unemployed. That's a -­0.2% decrease from October 2014 and a -­1.7% decrease from the November 2013 rate of 6.7%.
Specifically for the City of Wilmington, the November 2014 rate was 5.4%, a decrease of -­0.1% from the October 2014 rate of 5.5% and a -­1.8% decrease from the November 2013 rate of 7.2%.
New Hanover County ranked 24th for unemployment in November 2014 among the State's 100 counties.
When compared to the same month last year, not seasonally adjusted unemployment rates decreased in all 100 counties. All 14 metro areas experienced rate decreases over the year.
The number of workers employed statewide (not seasonally adjusted) decreased in November by 44,017 to 4,378,140, while those unemployed decreased 11,875 to 246,318. Since November 2013, the number of workers employed statewide increased 25,373, while those unemployed decreased 79,162.
It is important to note that employment estimates are subject to large seasonal patterns; therefore, it is advisable to focus on over-the-year changes in the not seasonally adjusted estimates.
The next unemployment update is scheduled for Tuesday, January 27, 2015 when the state unemployment rate for December 2014 will be released.
North Carolina’s statewide unemployment rate (not seasonally adjusted) was 5.3 percent in November. This was a 0.2 of a percentage-point decrease from October’s revised rate, and a 1.7 percentage-point decline over the year.
Over the month, the unemployment rate decreased in 72 counties, increased in 20, and was unchanged in eight. Thirty-five counties had unemployment rates at or below the state’s 5.3 percent rate.
Graham County recorded November’s highest unemployment rate at 11.4 percent, increasing 0.2 of a percentage point from the previous month. Scotland County had the second highest rate at 10.1 percent, decreasign 0.2 of a percentage point over the month. Chatham County had the lowest unemployment rate at 3.7 percent, followed by Buncombe at 3.8 percent.
Unemployment rates decreased in all 14 of the state’s Metropolitan Statistical Areas (MSAs) over the month. The Rocky Mount MSA had the highest unemployment rate in November at 7.9 percent, followed by Fayetteville at 6.2 percent. Asheville reported the month’s lowest unemployment rate at 4.0 percent, which decreased 0.1 of a percentage point from the previous month. Durham/Chapel HIll and Raleigh/Cary followed at 4.3 percent.
New Regular Initial Claims, totaling 16,446 for the month ending November 2014, decreased 3,365 from the prior month. During the same period a year ago, New Claims totaled 21,203, while totaling 37,081 during November 2012.
Over the month, net industry employment increased in 13 of 14 MSAs. Charlotte/Gastonia/Rock Hill NC-SC had the largest net employment increase with 7,200, followed by Raleigh/Cary with 4,200. Winston-Salem reported a decrease of 1,200. Rocky Mount experienced the greatest percentage increase at 1.6 percent.
It is important to note that employment estimates are subject to large seasonal patterns; therefore, it is advisable to focus on over-the-year changes in the not seasonally adjusted series.
Over the year, employment rose in 13 of 14 MSAs. Charlotte/Gastonia/Rock Hill NC-SC had the largest net employment increase at 26,100, followed by Raleigh/Cary with 19,300. Raleigh/Cary had the greatest percentage increase at 3.5 percent.
Source: North Carolina Department of Commerce - Labor and Economic Analysis Division.

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