Kerr-Tar Workforce Development Board Regional Labor Market Snapshot December 2019 Unemployment Rates* Kerr-Tar Region LABOR MARKET OVERVIEW NC Department of Commerce | Labor & Economic Analysis | 919.707.1500 | [email protected] -4% 0% 4% 8% Dec-15 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 Kerr-Tar 3.7% 2.5 3.2 3.9 4.8 5.8 9.7 February 2020 Franklin 3.4% Warren 5.3% Vance 5.1% Granville 2.9% Person 3.6% Employment & Wages by Supersector 2nd Quarter 2019 Establishments Avg. Employment Avg. Weekly Wage Natural Resources & Mining 127 677 $686.06 Construction 535 3,024 $915.52 Manufacturing 178 11,041 $1,073.14 Trade, Transportation, & Utilities 963 12,291 $669.63 Information 51 300 $939.52 Financial Activities 311 1,167 $829.15 Professional & Business Services 594 4,363 $729.06 Education & Health Services 503 15,867 $772.72 Leisure & Hospitality Services 310 5,163 $287.52 Other Services 336 1,294 $605.99 Public Administration 88 6,080 $914.15 Trending REGIONAL EMPLOYMENT* 469 Fewer People Working in December than previous month 2,239 More People Working than same period one year ago Kerr-Tar Total = 100,391 ONLINE JOB ADS UNEMPLOYMENT* Kerr-Tar Total = 3,847 December 2019 Current Previous Region 3.7% 3.8% NC 3.3% 3.4% US 3.4% 3.3% TAXABLE RETAIL SALES 5.2% Higher than same period one year ago Kerr-Tar Total = $150,726,819 Source: NC Dept. of Revenue Note: November 2019 data most current available at time of release. METRO JOB GROWTH* 1,600 Fewer Jobs in December than previous month Durham-Chapel Hill Total = 319,900 1,100 Fewer Jobs in December than previous month Raleigh Total = 658,600 *December 2019 data are preliminary, previous month’s data are revised while all other data have undergone annual revision All data produced in this publica- tion 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 2,745 Online Advertised Vacancies over past 90 days 3 More Vacancies than same period one year ago Source: LEAD/The Conference Board
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Kerr-Tar Workforce Development Board
Regional Labor Market Snapshot
December 2019UnemploymentRates*
Kerr-Tar Region
L A B O RMARKET OVERVIEW
NC Department of Commerce | Labor & Economic Analysis | 919.707.1500 | [email protected]
-4%
0%
4%
8%
Dec-15
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
Kerr-Tar3.7%
2.5 3.2 3.9 4.8 5.8 9.7
February 2020
Franklin3.4%
Warren5.3%
Vance5.1%
Granville2.9%
Person3.6%
Employment & Wages by Supersector2nd Quarter 2019
Establishments Avg. Employment Avg. Weekly Wage
Natural Resources & Mining 127 677 $686.06
Construction 535 3,024 $915.52
Manufacturing 178 11,041 $1,073.14
Trade, Transportation, & Utilities 963 12,291 $669.63
Information 51 300 $939.52
Financial Activities 311 1,167 $829.15
Professional & Business Services 594 4,363 $729.06
Education & Health Services 503 15,867 $772.72
Leisure & Hospitality Services 310 5,163 $287.52
Other Services 336 1,294 $605.99
Public Administration 88 6,080 $914.15
Trending
REGIONAL EMPLOYMENT*
469 Fewer People Workingin December than previous month
2,239 More People Workingthan same period one year ago
Kerr-Tar Total = 100,391
ONLINE JOB ADS
UNEMPLOYMENT*
Kerr-Tar Total = 3,847December 2019
Current Previous
Region 3.7% 3.8%
NC 3.3% 3.4%
US 3.4% 3.3%
TAXABLE RETAIL SALES
5.2% Higherthan same period one year ago
Kerr-Tar Total = $150,726,819
Source: NC Dept. of RevenueNote: November 2019 data most current available at time of release.
METRO JOB GROWTH*
1,600 Fewer Jobsin December than previous month
Durham-Chapel Hill Total = 319,900
1,100 Fewer Jobsin December than previous month
Raleigh Total = 658,600
*December 2019 data are preliminary, previous month’s data are revised while all other data have undergone annual revision All data produced in this publica-tion 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-YearPercent Change in Number Employed*
Source: LAUS, Labor & Economic Analysis, NC Dept. of Commerce
2,745 Online Advertised Vacanciesover past 90 days
3 More Vacanciesthan same period one year agoSource: LEAD/The Conference Board
Kerr-Tar Workforce Development Board
L A B O RMARKET OVERVIEW
December 2019 November 2019 October 2019 December 2018
Franklin
Labor Force 31,446 31,619 31,952 30,512
Employed 30,384 30,535 30,766 29,316
Unemployed 1,062 1,084 1,186 1,196
Rate 3.4 3.4 3.7 3.9
Granville
Labor Force 30,033 30,127 30,414 29,827
Employed 29,162 29,221 29,460 28,856
Unemployed 871 906 954 971
Rate 2.9 3.0 3.1 3.3
Person
Labor Force 18,489 18,599 18,786 18,203
Employed 17,824 17,926 18,034 17,493
Unemployed 665 673 752 710
Rate 3.6 3.6 4.0 3.9
Vance
Labor Force 17,605 17,740 17,933 17,315
Employed 16,706 16,806 16,949 16,389
Unemployed 899 934 984 926
Rate 5.1 5.3 5.5 5.3
Warren
Labor Force 6,665 6,720 6,690 6,454
Employed 6,315 6,372 6,325 6,098
Unemployed 350 348 365 356
Rate 5.3 5.2 5.5 5.5
Civilian Labor Force Estimates*
December 2019 data are preliminary, previous month’s data are revised while all other data have undergone annual revision
NC Department of Commerce | Labor & Economic Analysis | 919.707.1500 | [email protected]
This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.”
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