Triangle South Workforce Development Board Regional Labor Market Snapshot Triangle South Region LABOR MARKET OVERVIEW NC Department of Commerce | Labor & Economic Analysis | 919.707.1500 | [email protected] -4% 0% 4% 8% Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 March 2020 Unemployment Rates* Triangle South 4.4% 3.4 4.1 4.8 5.8 7.5 13.1 May 2020 Harnett 4.8% Lee 4.6% Sampson 4.3% Chatham 3.7% Trending REGIONAL EMPLOYMENT* 4,737 Fewer People Working in March than previous month 2,539 Fewer People Working than same period one year ago Triangle South Total = 136,934 ONLINE JOB ADS UNEMPLOYMENT* Triangle South Total = 6,285 March 2020 Current Previous Region 4.4% 3.8% NC 4.2% 3.7% US 4.5% 3.8% TAXABLE RETAIL SALES 8.1% Higher than same period one year ago Triangle South Total = $241,977,102 Source: NC Dept. of Revenue Note: February 2020 data most current available at time of release. 800 Fewer Jobs in March than previous month Durham-Chapel Hill Total = 324,900 METRO JOB GROWTH* 3,700 More Jobs than same period one year ago *March 2020 data are preliminary, previous month’s data are revised while all other data have undergone annual revision All data produced in this publication are generated by LEAD unless otherwise stated. This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. For more information, please visit http://www.nccommerce.com/lead/lmo. 5-Year Percent Change in Number Employed* Source: LAUS, Labor & Economic Analysis, NC Dept. of Commerce 2,315 Online Advertised Vacancies over past 90 days 48 Fewer Vacancies than same period one year ago Source: LEAD/The Conference Board Last Year’s Employment & Wages by Industry 3rd Quarter 2019 Industry Establishments Avg. Employment Total Wages Construction 737 5,294 $62,722,791 Manufacturing 249 14,045 $167,746,538 Wholesale Trade 282 2,667 $35,792,473 Retail Trade 859 11,215 $76,914,822 Transportation & Warehousing 194 2,132 $22,847,494 Finance & Insurance 296 1,285 $17,346,000 Real Estate, Rental & Leasing 214 728 $5,755,716 Professional, Sci., & Tech. Services 514 2,115 $26,238,513 Health Care & Social Assistance 568 11,396 $106,687,391 Arts, Entertainment, & Recreation 74 869 $3,940,264 Accommodation & Food Services 453 7,952 $30,686,589 Other Services 520 1,816 $14,197,141