NC January County and Area Employment Figures Released

NC January County and Area Employment Figures Released

By / State News / Tuesday, 21 March 2017 04:00

RALEIGH, N.C. : March 17th, 2017 - Unemployment rates (not seasonally adjusted) increased in all 100 of North Carolina’s counties in January. Hyde County had the highest unemployment rate at 16.3 percent, while Buncombe County had the lowest at 4.3 percent. All fifteen of the state’s metro areas experienced rate increases.
Among the metro areas, Rocky Mount at 7.9 percent had the highest rate and Asheville had the lowest rate at 4.6 percent. The January not seasonally adjusted statewide rate was 5.5 percent.
When compared to the same month last year, not seasonally adjusted unemployment rates decreased in 89 counties, increased in five, and remained unchanged in six. Thirteen metro areas experienced rate decreases over the year and two remained unchanged.
The number of workers employed statewide (not seasonally adjusted) decreased in January by 22,109 to 4,627,724, while those unemployed increased 30,930 to 269,270. Since January 2016, the number of workers employed statewide increased 104,815, while those unemployed increased 9,015.
New Hanover County's workforce of 116,596 had 5,997 unemployed for a rate of 5.1% for January 2017 which is a 0.5% increase from the December 2016 rate of 4.6% and a -0.5% decrease from the January 2016 rate of 5.6%.
For the City of Wilmington, 7,540 of the 143,213 workforce were unemployed in January 2017 for a rate of 5.3% which is 0.6% increase from the December 2016 rate of 4.7% and a -0.4% decrease from the January 2016 rate of 5.7%.
New Hanover County ranked 23rd among North Carolina's 100 counties for unemployment.
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.
Please also note that the Bureau of Labor Statistics is currently conducting its annual data revisions.
Revised county data for prior years is scheduled for release April 21, 2017. The prior-year data reported in this press release will be revised at that time.
The next unemployment update is scheduled for Monday, March 13, 2017 when the state unemployment rate for January 2017 will be released.
North Carolina’s statewide unemployment rate (not seasonally adjusted) was 5.5 percent in January. This was 0.6 of a percentage point increase from December’s benchmarked rate, while increasing 0.1 of a percentage point over the year.
Over the month, the unemployment rate increased in all 100 counties. Thirty-five counties had unemployment rates at or below the state’s 5.5 percent rate.
Hyde County recorded January’s highest unemployment rate at 16.3 percent, followed by Tyrrell at 14.2 percent, Dare at 13.0 percent, and Graham at 10.6 percent. Buncombe County had the lowest unemployment rate at 4.3 percent, followed by Alexander, Orange & Granville at 4.5 percent, Wake at 4.6%, and Henderson, Union & Chatham at 4.7%. Unemployment rates increased in all the state’s 15 Metropolitan Statistical Areas (MSAs) over the month. The Rocky Mount MSA had the highest unemployment rate in January at 7.9 percent, followed by Fayetteville at 6.8 percent. Asheville reported the month’s lowest unemployment rate at 4.6 percent, followed by Raleigh, 4.7 percent, and Durham/Chapel Hill, 4.8 percent.
Over the month, net industry employment decreased in all 15 MSAs. Charlotte/Concord/Gastonia, NC-SC had the largest net employment decrease with 21,800, followed by Raleigh, 12,000; Greensboro/High Point, 8,500 and Durham/Chapel Hill, 7,700.
Rocky Mount experienced the greatest percentage decrease at 5.6 percent, followed by Burlington, 2.9 percent; Jacksonville, 2.6 percent; and Durham/Chapel Hill, 2.5 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 15 MSAs. Charlotte/Concord/Gastonia, NC-SC had the largest net employment increase at 35,900, followed by Raleigh, 16,700; Durham/Chapel Hill 6,900; Wilmington, 3,500; and Asheville, 3,200. Charlotte/Concord/ Gastonia, NC-SC had the greatest percentage increase at 3.2 percent, followed by Wilmington, 3.0 percent; and Raleigh, 2.9 percent.
Labor force and unemployment--from the LAUS program Definitions. The labor force and unemployment estimates are based on the same concepts and definitions as those used for the official national estimates obtained from the Current Population Survey (CPS), a sample survey of households that is conducted for the Bureau of Labor Statistics (BLS) by the U.S. Census Bureau. The LAUS program measures employment and unemployment on a place-of-residence basis. The universe for each is the civilian noninstitutional population 16 years of age and over. Employed persons are those who did any work at all for pay or profit in the reference week (the week including the 12th of the month) or worked 15 hours or more without pay in a family business or farm, plus those not working who had a job from which they were temporarily absent, whether or not paid, for such reasons as bad weather, labor-management dispute, illness, or vacation.
Unemployed persons are those who were not employed during the reference week (based on the definition above), had actively looked for a job sometime in the 4-week period ending with the reference week, and were currently available for work; persons on lay-off expecting recall need not be looking for work to be counted as unemployed. The labor force is the sum of employed and unemployed persons. The unemployment rate is the number of unemployed as apercent of the labor force.
Method of estimation. Statewide estimates are produced using an estimation algorithm administered by the BLS. This method, which underwent substantial enhancement at the beginningof 2005, utilizes data from several sources, including the CPS, Current Employment Statistics (CES), and state unemployment insurance (UI) programs. Substate estimates are produced using the “LAUS Handbook Method”, which is also based on data from several sources.
Each month, census division estimates are controlled to national totals, and state estimates are then controlled to their respective division totals.
Substate estimates are controlled to their respective state totals. For more information about LAUS estimation procedures, see the BLS website at www.bls.gov/lau/laumthd.htm
Revisions. Labor force and unemployment data for the previous month reflect adjustments made in each subsequent month, while data for prior years reflect adjustments made at the end of each year. The monthly revisions incorporate updated model inputs, while the annually revised estimates reflect updated population data from the U.S. Census Bureau, any revisions in the otherdata sources, and model reestimation.
Area definitions. The substate area data published in this release reflect the standards and definitions established by the U.S. Office of Management and Budget on February 28, 2013. A detailed list of the geographic definitions is available online at www.bls.gov/lau/lausmsa.htm
Reliability of the estimates
The estimates presented in this release are based on sample surveys, administrative data, and modeling and, thus, are subject to sampling and other types of errors. Sampling error is a measure of sampling variability--that is, variation that occurs by chance because a sample rather than the entire population is surveyed.
Survey data also are subject to nonsampling errors, such as those which can be introduced into the data collection and processing operations.
Estimates not directly derived from sample surveys are subject to additional errors resulting from the specific estimation processes used.
Model-based error measures for seasonally adjusted and not seasonally adjusted data and for overthe-month and over-the-year changes to LAUS statewide estimates are available online at www.bls.gov/lau/lastderr.htm
Source: North Carolina Department of Commerce.

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