North Carolina’s December County and Area Employment Figures Released; New Hanover Down 0.1%

North Carolina’s December County and Area Employment Figures Released; New Hanover Down 0.1%

By / State News / Tuesday, 10 February 2015 05:00

RALEIGH, N.C. : February 4th, 2015 - Unemployment rates (not seasonally adjusted) decreased in 56 of North Carolina’s counties in December, increased in 28, and remained unchanged in 16.
Graham County had the highest unemployment rate at 12.3 percent while Chatham County had the lowest at 3.8 percent. Eleven of the state’s metro areas experienced rate decreases while three remained unchanged. Among the Metro areas, Rocky Mount at 7.7 percent experienced the highest rate and Asheville at 4.0 percent had the lowest. The December not seasonally adjusted statewide rate was 5.2 percent. When compared to the same month last year, not seasonally adjusted unemployment rates decreased in 99 counties and remained unchanged in one. All 14 metro areas experienced rate decreases over the year.
For New Hanover County's workforce of 105,156 the rate was 4.9% with 5,137 unemployed. The December rate of 4.9% was down -­0.1% from the November rate of 5.0% and a -­1.4% decrease from the December 2013 rate of 6.3%.
Specifically for the City of Wilmington, the rate was 5.4% for December 2014, unchanged since November 2014 but a decrease of -­1.6% over December 2013.
New Hanover County ranked 21st for unemployment among the State's 100 counties.
The number of workers employed statewide (not seasonally adjusted) decreased in December by 56,196 to 4,321,765, while those unemployed decreased 9,022 to 238,904. Since December 2013, the number of workers employed statewide increased 5,942, while those unemployed decreased 66,923.
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 March 17, 2015 when the state unemployment rate for January 2015 will be released.
North Carolina’s statewide unemployment rate (not seasonally adjusted) was 5.2 percent in December. This was a 0.2 of a percentage-point decrease from November’s revised rate, and a 1.4 percentage-point decline over the year.
Over the month, the unemployment rate decreased in 56 counties, increased in 28, and was unchanged in 16. Thirty-three counties had unemployment rates at or below the state’s 5.2 percent rate.
Graham County recorded December’s highest unemployment rate at 12.3 percent, increasing 0.7 of a percentage point from the previous month. Scotland County had the second highest rate at 10.0 percent, decreasing 0.2 of a percentage point over the month. Buncombe and Chatham counties had the lowest unemployment rate at 3.8 percent, followed by Orange at 3.9 percent.
Unemployment rates decreased in 11 of the state’s 14 Metropolitan Statistical Areas (MSAs) over the month. The Rocky Mount MSA had the highest unemployment rate in December at 7.7 percent, followed by Fayetteville at 6.1 percent. Asheville reported the month’s lowest unemployment rate at 4.0 percent, which was unchanged from the previous month. Raleigh/Cary followed at 4.2 percent.
In December 2014, there were 26,767 Regular Unemployment Insurance (UI) Initial Claims filed in North Carolina.
New Regular Initial Claims, totaling 21,222 for the month ending December 2014, increased 4,776 from the prior month. During the same period a year ago, New Claims totaled 25,588, and 35,697 during December 2012.
Over the month, net industry employment decreased in six of 14 MSAs. Wilmington had the largest net employment decrease with
1,900, followed by Charlotte/Gastonia/Rock Hill NC-SC and Hickory/Lenoir/Morganton, each with 700. Wilmington experienced
the greatest percentage decrease at 1.3 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 12 of 14 MSAs. Charlotte/Gastonia/Rock Hill NC-SC had the largest net employment increase at 20,700, followed by Raleigh/Cary with 19,400. Raleigh/Cary had the greatest percentage increase at 3.5 percent.
Source: North Carolina Department of Commerce - Labor and Economic Analysis Division
https://desncc.com/deshome

 

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