North Carolina Department of Commerce Labor & Economic Analysis Division

Transcription

1 North Carolina Department of Commerce Labor & Economic Analysis Division VisitNC.com

2 Civilian Labor Force Employment at a Glance North Carolina s May smoothed seasonally adjusted unemployment rate, at 8.8 percent, decreased 0.1 of a percentage point over the revised April. The rate was 9.5 percent in May At 8.8 percent, North Carolina s May unemployment rate is 1.2 percentage points higher than the United States 7.6 percent rate. The number of people unemployed decreased 0.6 percent to 416,565. During May, North Carolina s smoothed seasonally adjusted labor force participation rate decreased 0.1 of a percentage point to 62.4 percent, while the U.S. rate increased 0.1 of a percentage point to 63.4 percent. Nonfarm Employment Seasonally adjusted Total Nonfarm employment for May fell by 5,900 jobs over the month, but increased by 56,300 jobs over the year to 4,041,900. Over the month, the following sectors experienced seasonally adjusted job growth: Leisure & Hospitality Services, 6,300; and Other Services, 1,400. Losses were reported by Trade, Transportation & Utilities, 3,800; Construction, 2,600; Professional & Business Services, 2,000; Financial Activities, 1,700; Government, 1,600; Information, 1,100; Education & Health Services, 600; and Manufacturing, 200. Mining & Logging showed no over-themonth change. The major sectors to report over-the-year seasonally adjusted job increases were: Leisure & Hospitality Services, 25,200; Professional & Business Services, 11,200; Education & Health Services, 8,600; Trade, Transportation & Utilities, 8,400; Financial Activities, 2,500; Information, 2,300; Government, 1,500; Other Services, 1,400; and Manufacturing, 1,300. Not seasonally adjusted, the following major sectors reported over-the-year job growth: Leisure & Hospitality Services, 22,300; Professional & Business Services, 16,500; Trade, Transportation & Utilities, 11,500; Education & Health Services, 8,300; Financial Activities, 3,900; Manufacturing, 2,700; Information, 2,200; and Other Services, 500. The following sectors in Manufacturing showed not seasonally adjusted over-the-year job increases: Fabricated Metal Product, 1,700; Chemical, 1,500; Food, 1,500; Machinery, 800; Computer & Electronic Product, 700; Transportation Equipment, 500; Plastics & Rubber Products, 300; and Wood Product, 300. Losses were reported in the remaining sectors: Beverage & Tobacco Product, 1,400; Textile Mills, 1,200; Apparel, 600; Textile Product Mills, 600; Furniture & Related Product, 400; Electrical Equipment, Appliance & Component, 300; and Printing & Related Support Activities, 300. Food remains North Carolina s leading sector in manufacturing employment at 52,100. Chemical follows with 43,200. Other Information Preliminary Average Hourly Earnings in North Carolina for manufacturing production workers decreased 3 cents to $16.74 in May, while Average Weekly Hours were unchanged at Average Weekly Earnings fell $1.23 from $ to $ North Carolina paid $177.5 million in Unemployment Insurance benefits (all programs) to claimants in May. These payments include state and federally funded benefits. The number of Initial Claims filed in North Carolina for Unemployment Insurance benefits decreased in May to 48,287. Approximately $88.4 million was paid in regular UI benefits to 90,858 unemployed persons across the state. The average weekly benefit amount was $290.25, which does not include the $25 Federal Additional Compensation (FAC) payment from The American Recovery and Reinvestment Act. June NC Today i

3 Table of Contents United States/North Carolina Labor Force Data, May United States/North Carolina Unemployment Rates, January 2011 May United States Labor Force, May 2012 May North Carolina Labor Force, May 2012 May Unemployment Rates by State, April North Carolina Unemployment Rates by County, April North Carolina Total Nonfarm Employment, June 2009 May North Carolina Industry Employment, May (Seasonally Adjusted) North Carolina Industry Employment Net Change, May 2012 May North Carolina Goods Producting, January 2000 May North Carolina Service Providing, January 2000 May North Carolina Industry Supersector Employment, May (Not Seasonally Adjusted ) North Carolina MSA Total Nonfarm Employment, May (Not Seasonally Adjusted ) Employment Change in North Carolina Manufacturing Industries Comparison of May 2003, 2008 & Hours and Earnings, May 2012 May North Carolina Regular UI Initial Claims Activity, May 2011 May North Carolina New and Attached Claims Activity, May 2012 May North Carolina MSA Regular UI Initial Claims Activity, May Private Industry Workers Compensation Per Hours Worked, South Atlantic Region/United States Glossary of Terms ii June NC Today

4 United States/North Carolina Labor Force Data May Month Ago Year Ago (Civilian Labor Force Estimates) May P April R May AP 2012 Numeric Change Percent Change Numeric Change Percent Change North Carolina Smoothed Seasonally Adjusted Labor Force 4,720,079 4,721,512 4,712,515-1,433 >-0.1 7, Employed 4,303,514 4,302,496 4,266,183 1,018 <0.1 37, Unemployed 416, , ,332-2, , Unemployment Rate xxx -0.7 xxx Not Seasonally Adjusted Labor Force 4,744,565 4,687,503 4,735,868 57, , Employed 4,320,014 4,290,057 4,293,559 29, , Unemployed 424, , ,309 27, , Unemployment Rate xxx -0.4 xxx Month Ago Year Ago (Civilian Labor Force Estimates) May April May 2012 Numeric Change Percent Change Numeric Change Percent Change United States* Seasonally Adjusted Labor Force 155,658, ,238, ,998, , xxx xxx Employed 143,898, ,579, ,302, , xxx xxx Unemployed 11,760,000 11,659,000 12,695, , xxx xxx Unemployment Rate xxx xxx xxx Not Seasonally Adjusted Labor Force 155,734, ,739, ,998, , xxx xxx Employed 144,432, ,724, ,727, , xxx xxx Unemployed 11,302,000 11,014,000 12,271, , xxx xxx Unemployment Rate xxx xxx xxx Source: NC data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce; US data: Current Population Survey, BLS P Preliminary; R Revised; AP Annual Processing Note: May not sum due to rounding. More information can be found at: *Effective January, updated US population estimates are used in the national labor force estimates. The annual population adjustments affect the comparability of national labor estimates over time. 1 June NC Today

5 United States\North Carolina Unemployment Rates January 2011 May (Smoothed Seasonally Adjusted*) 11 NC* US 10 January 2011: 10.4 May : 8.8 Percent 9 8 January 2011: 9.1 May : Source: NC data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce, US data: Current Population Survey, BLS Note: North Carolina May data are preliminary, other data are revised, while all other data reflect annual processing and new seasonal adjustments. More information can be found at: The smoothed seasonally adjusted North Carolina civilian labor force decreased 1,433 (>-0.1%) to 4,720,079 from April to May. The number of persons employed increased 1,018 (< 0.1%) to 4,303,514, while the number of persons unemployed decreased 2,451 (0.6%) to 416,565. The unemployment rate decreased 0.1 of a percentage point to 8.8 percent. The labor force participation rate decreased 0.1 of a percentage point to 62.4 percent. Over the year, North Carolina s smoothed seasonally adjusted labor force increased 7,564 (0.2%), and the number of persons employed increased 37,331 (0.9%). The number of persons unemployed fell 29,767 (6.7%). The unemployment rate decreased 0.7 of a percentage point. The United States seasonally adjusted civilian labor force increased 0.3 percent over the month to 155,658,000. The number of persons employed increased 0.2 percent to 143,898,000, and those unemployed increased 0.9 percent to 11,760,000. The nation s unemployment rate increased 0.1 of a percentage point to 7.6 percent. The labor force participation rate increased 0.1 of a percentage point to 63.4 percent. United States Labor Force May 2012 May (Seasonally Adjusted) North Carolina Labor Force May 2012 May (Smoothed Seasonally Adjusted) 156,250 US 155, , , ,250 May 12 June 12 July 12 Aug. 12 Sept. 12 Oct. 12 Nov. 12 Dec. 12 Jan. 13 Feb. 13 March 13 April 13 May 13 Jan. 11 April July Oct. Jan. 12 April July Oct. Jan. 13 April 4,800 NC 4,750 In Thousands 4,700 4,650 4,600 May 12 June 12 July 12 Aug. 12 Sept. 12 Oct. 12 Nov. 12 Dec. 12 Jan. 13 Feb. 13 March 13 April 13 May 13 In Thousands Source: NC data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce, US data: Current Population Survey, BLS Note: North Carolina May data are preliminary, other data are revised, while all other data reflect annual processing and new seasonal adjustments. More information can be found at: 2 June NC Today

6 CA 9.0 AK OR 8.0 WA NV 9.6 ID 6.1 AZ 7.9 UT More information can be found at: Unemployment Rates By State Smoothed Seasonally Adjusted April U.S. Rate = 7.5%* MT 5.5 WY 4.8 NM 6.7 CO 6.9 HI ND 3.3 SD 4.1 NE 3.7 TX 6.4 KS 5.5 OK 4.9 MN 5.3 IA 4.7 MO 6.6 AR 7.1 LA 6.5 IL 9.3 MI 8.4 Note: States' April data are preliminary. * US data are not smoothed. WI 7.1 MS 9.1 NY 7.8 Prepared by Labor & Economic Analysis Division, North Carolina Department of Commerce 6_13 IN 8.5 TN 8.0 AL 6.9 KY 7.9 OH 7.0 GA 8.2 WV 6.6 SC 8.0 PA 7.6 VA 5.2 NC FL ME 6.9 VT 4.0NH 5.5 MA 6.4 RI 8.8 CT 8.0 NJ 8.7 DE 7.2 MD 6.5 DC % to 4.1% 4.2% to 5.5% 5.6% to 7.2% 7.3% to 8.5% 8.6% to 9.6% Nevada had the highest unemployment rate among the states in April at 9.6 percent. The next highest rates were in Illinois (9.3 percent), Mississippi (9.1 percent), and California (9.0 percent). North Dakota again had the lowest jobless rate at 3.3 percent. In total, 19 states had jobless rates significantly lower than the U.S. figure of 7.5 percent, eight states and the District of Columbia had measurably higher rates, and 23 states had rates that were not appreciably different from that of the nation. Fifteen states had statistically significant over-the-month unemployment rate changes in April, all of which were declines. The largest of these occurred in California, New York, and South Carolina (0.4 of a percentage point each). The remaining 35 states and the District of Columbia had jobless rates that were not measurably different from those of a month earlier, though some had changes that were at least as large numerically as the significant changes. The largest jobless rate declines from April 2012 occurred in Nevada (1.9 percentage points), Rhode Island (1.8 percentage points), and California and Florida (1.7 percentage points each). Eleven additional states had smaller but also statistically significant decreases over the year. The remaining 35 states and the District of Columbia had unemployment rates that were not appreciably different from those of a year earlier. Among North Carolina s neighboring states, unemployment rates in April increased in Tennessee (0.2 of a percentage point) and decreased in South Carolina (0.4 of a percentage point), Georgia (0.2 of a percentage point), and Virginia (0.1 of a percentage point). June NC Today 3

7 = ^^ North Carolina Unemployment Rates by County April Camden Cherokee 11.4 Graham 15.9 Clay 8.4 Swain 14.6 Macon 10.2 Jackson 8.0 Haywood 8.2 Madison Transylvania 8.7 Buncombe Henderson Mitchell Watauga Yancey Polk McDowell Avery Rutherford Burke Ashe Caldwell Cleveland Wilkes Catawba Lincoln Alleghany Alexander Gaston Iredell 8.5 Mecklenburg 8.5 Surry Yadkin 8.0 Davie 8.0 Rowan 8.8 Cabarrus 7.9 Union 7.1 Stokes 7.5 Forsyth 8.0 Davidson 9.1 Stanly 8.4 Anson Rockingham Caswell Guilford 8.6 Randolph Montgomery Alamance Moore Chatham Lee Richmond Hoke Scotland Person 9.2 Granville Wake Bladen Vance Warren Franklin Orange Durham Johnston Sampson Nash Wilson Duplin Pender Halifax Harnett Wayne Cumberland Robeson Edgecombe 13.5 Greene Northampton Pitt Lenoir Craven Jones Onslow Martin Hertford Bertie Gates Beaufort 10.3 Pamlico 9.0 Carteret Washington Tyrrell Hyde Chowan Dare 10.4 Currituck Pasquotank Perquimans 10.7 Columbus New Brunswick 8.9 Hanover April 5.0% to 7.0% 7.1% to 9.0% 9.1% to 10.5% 10.6% to 12.5% 12.6% to 16.0% 2 Counties Higher Than Previous Month 97 Counties Lower Than Previous Month 1 County Same as Previous Month North Carolina Rate 8.5% Not Seasonally Adjusted Note: April data are preliminary. Prepared by Labor & Economic Analysis Division, North Carolina Department of Commerce 06_ More information can be found at: Between March and April, not seasonally adjusted unemployment rates decreased in 97 of North Carolina s 100 counties, increased in two, and remained the same in one. Dare County experienced the largest over-the-month decrease at 4.4 percentage points from March s revised rate of 14.8 percent. Greene County had the largest over-the-month increase 0.4 of a percentage point from March s revised rate of 9.4. Thirty-two counties across the state had unemployment rates at 10.0 percent or above, and 68 between 5.0 percent and 10.0 percent. Thirty-three counties were at or below the statewide not seasonally adjusted rate of 8.5 percent. Graham County had the highest unemployment rate at 15.9 percent, while Orange County had the lowest at 5.3 percent. Over the year, not seasonally adjusted unemployment rates fell in 76 counties, increased in 19, and remained unchanged in five. Madison and Montgomery counties had the largest over-the-year decreases at 2.4 percentage points each, while Swain County saw the largest over-the-year increase at 1.2 percentage points. The April 2012 county rates ranged from 5.2 percent in Currituck County to 17.0 percent in Graham County. 4 June NC Today

8 North Carolina Total Nonfarm Employment June 2009 May (Seasonally Adjusted) 4,100 4,050 May : 4,041,900 In Thousands 4,000 3,950 3,900 June 2009: 3,894,800 End of Recession to Current Month Difference: 147,100 3,850 February 2010: 3,840,200 3,800 July 09 Oct. 09 Jan. 10 April 10 July 10 Oct. 10 Jan. 11 April 11 July 11 Oct. 11 Jan. 12 April 12 July 12 Oct. 12 Jan. 13 April 13 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: Note: May data are preliminary, other data are revised, while all other data are benchmarked. Recession mentioned above represents the dates December 2007-June The beginning of the last recession was December 2007 and ended June Based on this designation, the national recession officially lasted 18 months. However, North Carolina, like the rest of the nation, is still dealing with a prolonged period of high unemployment and slow job growth. While the recession officially began in December 2007, North Carolina s seasonally adjusted Total Nonfarm employment peaked in February 2008 at 4,174,800. The state experienced 24 months of continuous decline until it reached its lowest level of Total Nonfarm employment in February 2010 when employment reached 3,840,200. Between the peak in employment in February 2008 and the low of February 2010, North Carolina lost 334,600 jobs a decrease of 8.0 percent. All major industrial sectors experienced job declines with the exception of Education & Health Services, and Government, which experienced modest gains of 6,000 jobs and 4,500 jobs, respectively. The largest job losses were experienced in Manufacturing (98,900), Trade, Transportation & Utilities (73,500), Construction (71,900), and Professional & Business Services (37,400). Based on May s preliminary employment estimates, North Carolina s economy has gained 201,700 jobs since the low in February 2010, and employment in the Private sector has risen by 204,600. The largest job growth has been in Professional & Business Services, which added 75,400 jobs, followed by Leisure & Hospitality Services (52,000) and Trade, Transportation & Utilities (42,200). The largest job loss occurred in Construction at 10,200, followed by Government (2,900). The state has experienced over-the-month job increases in 20 of the last 24 months. June NC Today 5

9 NAICS Industry North Carolina Industry Employment May (Seasonally Adjusted, In Thousands) May P Total Employment April R May B 2012 Net & Percent Change From April From May 2012 Net Percent Net Percent Total Nonfarm 4, , , % % Total Private 3, , , % % Goods Producing % % Service Providing 3, , , % % Private Service Providing 2, , , % % Mining & Logging % % Construction % % Manufacturing >-0.1% % Durable Goods <0.1% % Nondurable Goods % % Trade, Transportation & Utilities % % Wholesale Trade % % Retail Trade % % Transportation, Warehousing & Utilities % % Information % % Financial Activities % % Finance & Insurance % % Real Estate, Rental & Leasing % % Professional & Business Services % % Professional, Scientific & Technical Svcs % % Management of Companies & Enterprises % % Admin. & Support & Waste Mgmt % % Education & Health Services % % Educational Services % % Health Care & Social Assistance >-0.1% % Leisure & Hospitality Services % % Arts, Entertainment & Recreation % % Accommodation & Food Services % % Other Services % % Government % % Federal % % State % % Local % % Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. P Preliminary; R Revised; B Benchmarked; more information can be found at: 6 June NC Today

10 North Carolina Industry Employment Net Change May 2012 May (Seasonally Adjusted) Leisure & Hospitality Services 25.2 Professional & Business Services 11.2 Educa on & Health Services Trade, Transporta on & U li es Financial Ac vi es Informa on Government Other Services Manufacturing Mining & Logging -0.1 Construc on Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: In May, North Carolina s seasonally adjusted Total Nonfarm employment lost 5,900 jobs over the month, but gained 56,300 jobs over the year. The United States added 175,000 Total Nonfarm jobs over the month and 2,115,000 over the year. North Carolina s Private sector lost 4,300 jobs over the month, but gained 54,800 jobs over the year. The Service Providing industries, which includes all industries except Mining & Logging, Construction, and Manufacturing, decreased by 3,100 jobs over the month, but gained 61,100 jobs over the year. The Goods Producing industries lost 2,800 jobs over the month and 4,800 over the year. Seasonally adjusted, eight of the 11 major North Carolina industrial sectors experienced job losses over the month. Trade, Transportation & Utilities (3,800) had the largest net decrease, followed by Construction (2,600), Professional & Business Services (2,000), Financial Activities (1,700), Government (1,600), Information (1,100), Education & Health Services (600) and Manufacturing (200). Of the remaining three industrial sectors, Leisure & Hospitality gained 6,300 jobs over the month, followed by Other Services (1,400). Mining & Logging (5,400) showed no change over the month. It is important to note that industry employment estimates are subject to large seasonal patterns. Seasonal adjustment factors are applied to the data. However, these factors may not fully capture the seasonal trend. Therefore, when interpreting the changes in industry employment, it is advisable to focus on over-the-year changes in both the seasonally adjusted series and not seasonally adjusted series. Nine major industrial sectors experienced seasonally adjusted job growth over the year. Leisure & Hospitality gained 25,200 jobs with increases in Accommodation & Food Services (17,300) and Arts, Entertainment & Recreation (7,900). Professional & Business Services increased by 11,200, due to gains in Admin & Support & Waste Management & Remediation Services (7,400) and Professional, Scientific & Technical Services (3,500). Education & Health Services increased 8,600 with equal gains in Educational Services (4,300) and Health Care & Social Assistance (4,300). Trade, Transportation & Utilities increased 8,400 with near equal gains in Transportation & Utilities (3,400) and Wholesale Trade (3,200). Financial Activities rose by 2,500 jobs with a gain in Finance & Insurance (4,100) and a loss in Real Estate & Rental & Leasing (1,600). Information gained 2,300 jobs. Government rose by 1,500 jobs with an increase in State Government (2,900) and losses in Local Government (300) and Federal Government (1,100). Other Services gained 1,400 jobs. Manufacturing increased by 1,300 jobs with a gain in Durable Goods (1,900) and a loss in Nondurable Goods (600). In the two remaining major industrial sectors, Construction lost 6,000 jobs over the year and Mining & Logging dropped 100 jobs. June NC Today 7

11 In Thousands 1,100 1, North Carolina Goods Producing January 2000 May (Seasonally Adjusted) Goods Producing 2001 Recession Recession March 2001: 970,400 November 2001: 904,000 December 2007: 792,000 June 2009: 641, May : 613, Jan. 00 Jan. 01 Jan. 02 Jan. 03 Jan. 04 Jan. 05 Jan. 06 Jan. 07 Jan. 08 Jan. 09 Jan. 10 Jan. 11 Jan. 12 Jan. 13 Source: CES, North Carolina Department of Commerce, Labor & Economic Analysis Division Note: May data are preliminary, other data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates March 2001 November 2001, and December 2007 June More information can be found at: Since the beginning of the 2007 national recession (December 2007), North Carolina has lost 178,300 Goods Producing jobs, and 27,600 Goods Producing jobs since the end of the recession in June North Carolina Service Providing January 2000 May (Seasonally Adjusted) 3,600 3,500 3,400 Service Providing 2001 Recession Recession December 2007: 3,376,000 In Thousands 3,300 3,200 3,100 June 2009: 3,253,500 May : 3,428,200 3,000 2,900 2,800 Jan. 00 Jan. 01 Jan. 02 Jan. 03 Jan. 04 Jan. 05 Jan. 06 Jan. 07 Jan. 08 Jan. 09 Jan. 10 Jan. 11 Jan. 12 Jan. 13 March 2001: 2,960,200 November 2001: 2,943,200 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: May data are preliminary, other data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates March 2001 November 2001, and December 2007 June More information can be found at: Since the beginning of the 2007 national recession (December 2007), North Carolina s Service Providing sector has gained 52,200 jobs, and 174,700 jobs since the end of the recession in June June NC Today

12 NAICS Industry North Carolina Industry Supersector Employment May (Not Seasonally Adjusted, In Thousands) May P Total Employment April R May B 2012 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. P Preliminary; R Revised; B Benchmarked; more information can be found at: Net & Percent Change From April From May 2012 Net Percent Net Percent Total Nonfarm 4, , , % % Total Private 3, , , % % Goods Producing % % Service Providing 3, , , % % Private Service Providing 2, , , % % Mining & Logging % % Construction % % Manufacturing % % Trade, Transportation & Utilities % % Information % % Financial Activities % % Professional & Business Services % % Education & Health Services % % Leisure & Hospitality % % Other Services % % Government % % The May not seasonally adjusted Total Nonfarm employment level of 4,079,000 was 19,000 higher than April. Seven of 11 major industries in North Carolina showed an over-the-month increase. Leisure & Hospitality Services had the largest increase in employment at 17,200 (4.0%), followed by Professional & Business Services, 2,100 (0.4%); Manufacturing, 1,900 (0.4%); Other Services, 1,900 (1.3%); Trade, Transportation & Utilities, 1,700 (0.2%); Construction, 700 (0.4%); and Financial Activities, 500 (0.2%). Of the four major industries remaining, Government decreased by 5,100 (0.7%); Education & Health Services, 1,300 (0.2%); and Information, 600 (0.8%). Mining & Logging (5,400) showed no change over the month. Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) showed an increase of 64,000 (1.9%) jobs. Leisure & Hospitality Services, 22,300 (5.3%), experienced the largest employment increase, followed by Professional & Business Services, 16,500 (3.1%); Trade, Transportation & Utilities, 11,500 (1.5%); Education & Health Services, 8,300 (1.5%); Financial Activities, 3,900 (1.9%); and Information, 2,200 (3.2%). Government lost 1,200 (0.2%) jobs, followed by Other Services, 500 (0.4%). The Goods Producing sector had a net loss of 2,300 (0.4%) jobs over the year. Manufacturing added 2,700 (0.6%) jobs, but Construction decreased by 4,900 (2.8%), and Mining & Logging lost 100 (1.8%) jobs. June NC Today 9

13 Metropolitan Statistical Area North Carolina MSA Total Nonfarm Employment May (Not Seasonally Adjusted, In Thousands) May P Total Employment April R May B 2012 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. P Preliminary; R Revised; B Benchmarked; more information can be found at: Net & Percent Change From April From May 2012 Net Percent Net Percent Asheville % % Burlington % % Charlotte/Gastonia/Rock Hill NC-SC % % Durham/Chapel Hill % % Fayetteville % % Goldsboro % % Greensboro/High Point % % Greenville % % Hickory/Lenoir/Morganton % % Jacksonville % % Raleigh/Cary % % Rocky Mount % % Wilmington % % Winston-Salem % 0.1 <0.1% In not seasonally adjusted data, 11 of 14 Metropolitan Statistical Areas (MSAs) experienced Total Nonfarm employment gains in May. Charlotte/Gastonia/Rock Hill posted the largest over-the-month increase with 8,400 (1.0%) jobs. Durham/Chapel Hill had the largest over-the-month decrease with 1,600 (0.6%) jobs. Mining & Logging and Construction employment either increased or showed no change across most MSAs this month. Charlotte/Gastonia/Rock Hill reported the largest over-the-month increase with 900 (2.3%) jobs. Construction of Buildings added 100 jobs, and Specialty Trade Contractors, 500 jobs this month. Raleigh/Cary gained 500 (1.8%) jobs this month with 200 from Specialty Trade Contractors. Greenville posted the only over-themonth decrease of 100 (3.8%) jobs. Manufacturing employment varied across MSAs this month with Raleigh/Cary posting the largest over-the-month increase of 400 (1.5%) jobs. Durable Goods gained 300 jobs. Nondurable Goods added 100 jobs evenly spread throughout the sector. Charlotte/Gastonia/Rock Hill had the largest over-the-month decrease of 200 (0.3%) jobs, largely from a 600-job drop in Durable Goods as employment. Trade, Transportation & Utilities employment either increased or was unchanged across most of the MSAs this month, with the largest over-the-month increase coming from Raleigh/Cary with 1,100 (1.2%) jobs. Retail Trade is largely responsible for this month s gain, adding 700 jobs, 100 coming from Food and Beverage Stores. Wholesale Trade, and Transportation and Utilities also rose by 200 jobs each. Charlotte/Gastonia/Rock Hill had a job increase of 900 (0.5%) jobs. Transportation and Utilities gained 500 jobs, while Wholesale Trade added 300. Retail Trade gained 100 jobs this month, coming from Food and Beverage Stores. Greensboro/High Point posted the largest overthe-month decrease at 200 (0.3%) jobs. Retail Trade is responsible for this month s loss as the sector declined by 400 jobs. Information employment remained unchanged across all MSAs this month. 10 June NC Today

14 Financial Activities employment either increased or remained unchanged across the MSAs. Durham/Chapel Hill posted a 100 (0.8%) increase this month. Raleigh/Cary also had a 100-job (0.4%) gain this month, while Fayetteville reported a 100 (2.5%) job increase, evenly spread throughout the sector. Wilmington also posted a 100 (1.6%) job increase. Professional & Business Services employment varied across the MSAs this month. Greensboro/High Point posted the largest over-the-month increase of 1,000 (2.2%) jobs due to a 1,400-job rise within Admin & Support & Waste Management & Remediation Services. Charlotte/Gastonia/Rock Hill had a 900 (0.6%) job gain this month. Admin & Support & Waste Management & Remediation Services added 1,600 jobs with 1,000 coming from Employment Services as hiring in temporary help services increased. Winston-Salem had the largest over-the-month decrease of 900 (3.1%) jobs. Raleigh/Cary posted a 600 (0.6%) job loss this month with 500 coming from Professional, Scientific & Technical Services as hiring within tax preparation services declined. Admin & Support & Waste Management & Remediation Services also posted a 100-job loss this month. Education & Health Services employment varied across the MSAs this month with Winston-Salem reporting the largest over-the-month increase of 400 (0.9%) jobs with 300 coming from health care. Fayetteville had a 300 (2.2%) job increase as hiring within nursing and residential care facilities grew. Durham/Chapel Hill reported the largest over-the-month decrease of 2,000 (3.3%) jobs with 1,400 coming from health care. Greensboro/High Point posted an 800 (1.7%) job loss this month due to declines spread evenly throughout the sector. Leisure & Hospitality Services employment increased across most MSAs this month. Charlotte/Gastonia/Rock Hill had the largest over-the-month increase with 5,000 (5.1%) jobs. Accommodation and Food Services added 2,700 jobs with a gain in Food Services and Drinking Places of 2,900. Arts, Entertainment & Recreation rose by 2,300 jobs. Greensboro/High Point also added 2,100 (6.6%) jobs with 900 coming from Food Services and Drinking Places. Raleigh/Cary had a 1,700 (3.0%) job increase this month. Accommodation and Food Services was responsible for adding 1,300 jobs 1,200 coming from Food Services and Drinking Places. Arts, Entertainment & Recreation also added 400 jobs. Wilmington posted a 1,300 (5.6%) job gain with 500 jobs coming from Food Services and Drinking Places. Other Services employment either increased or remained unchanged across the MSAs this month. Charlotte/ Gastonia/Rock Hill reported the largest over-the-month increase of 600 (2.1%) jobs, while Raleigh/Cary had a 400 (1.8%) job increase. Government employment varied across the MSAs this month. Charlotte/Gastonia/Rock Hill reported the largest over-the-month gain of 800 (0.6%) jobs. Local Government is responsible for adding 900 jobs, while State Government lost 200. Raleigh/Cary had the largest over-the-month decline of 1,400 (1.5%) jobs. Local Government added 600 jobs, while State Government had a 2,000-job loss. Durham/Chapel Hill reported a 1,200 (1.8%) job loss this month. State Government was responsible for a 1,500-job loss even as Local Government added 400 jobs. June NC Today 11

15 Employment Change in North Carolina Manufacturing Industries Comparison of May 2003, 2008 & (Not Seasonally Adjusted) 90 May 2003 May 2008 May Wood Product Fabricated Metal Product Machinery Computers & Electronic Product Electrical Equipment & Appliances In Thousands Transportation Equipment Furniture & Related Product Food Beverages & Tobacco Product Textile Mills Textile Product Mills Apparel Mfg. Printing Chemical Plastics & Rubber Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: data are preliminary, while 2003 and 2008 data are benchmarked. More information can be found at: Not seasonally adjusted, the Manufacturing industrial sector gained 1,900 jobs over the month with increases in Durable Goods (1,300) and Nondurable Goods (600). Over the year, Manufacturing increased by 2,700 jobs. Durable Goods experienced a gain of 2,400 jobs and Nondurable Goods added 300. In Durable Goods, Fabricated Metal Product (1,700) showed the greatest gain, and in Nondurable Goods, Food and Chemical Manufacturing both had increases of 1,500. Of North Carolina s six largest Manufacturing industries in May 2003, five have experienced losses over the past 10 years. Textile Mills lost 48,100 jobs; Furniture & Related Product, 29,700 jobs; Computer & Electronic Product, 7,000 jobs; Chemical, 4,300 jobs; and Fabricated Metal Product, 1,000 jobs. Food gained 1,300 jobs. Of North Carolina s six largest Manufacturing industries in May 2008, all have experienced losses over the past five years. Furniture & Related Product lost 12,700 jobs; Textile Mills, 11,700 jobs; Computer & Electronic Product, 5,700 jobs; Fabricated Metal Product, 2,500 jobs; Food, 1,700 jobs; and Chemical, 900 jobs. 12 June NC Today

16 Total Private Hours and Earnings May 2012 May (Not Seasonally Adjusted) Average Weekly Hours Average Hourly Earnings Average Weekly Earnings Mfg. Production Total Private Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: May data are preliminary, other data are revised, while 2012 data are benchmarked. More information can be found at: Each month, the Current Employment Statistics program provides measures of payroll and hours for all employees of private Nonfarm establishments for the nation, each state, and more than 400 Metropolitan Statistical Areas. In North Carolina, Total Private Hours and Earnings posted over-the-month decreases in Average Weekly Earnings, Average Hourly Earnings, and Average Weekly Hours. Average Weekly Earnings decreased by $8.34 to $736.08, Average Hourly Earnings fell $0.18 to $21.46, and Average Weekly Hours decreased by 0.1 (6 minutes) to Over the year, Total Private Hours & Earnings posted losses in Average Weekly Earnings ($1.37) and Average Hourly Earnings ($0.04). Average Weekly Hours showed no change (34.3). Manufacturing Hours and Earnings posted over-the-month decreases in Average Weekly Earnings, Average Hourly Earnings, and Average Weekly Hours. Average Weekly Earnings decreased by $8.97 to $843.15, Average Hourly Earnings fell $0.17 to $20.87, and Average Weekly Hours decreased by 0.1 (6 minutes) to Over the year, Manufacturing Hours & Earnings had a gain in Average Weekly Earnings ($15.73) and Average Hourly Earnings ($0.44). Average Weekly Hours lost 0.1 (6 minutes) over the year. Production Hours and Earnings posted over-the-month decreases in Average Weekly Earnings and Average Hourly Earnings. Average Weekly Hours posted no change. Average Weekly Earnings fell by $1.23 to $689.69, and Average Hourly Earnings decreased $0.03 to $ Average Weekly Hours remained the same at Over the year, Production Hours & Earnings reported gains in Average Weekly Earnings ($19.77), Average Hourly Earnings ($0.28), and Average Weekly Hours (0.5 or 30 minutes). Mfg. Production Total Private Mfg. Production May $21.50 $20.43 $16.46 $ $ $ June $21.68 $20.42 $16.49 $ $ $ July $21.74 $20.61 $16.59 $ $ $ August $21.57 $20.36 $16.37 $ $ $ September $21.91 $20.63 $16.58 $ $ $ October $21.64 $20.58 $16.59 $ $ $ November $21.77 $20.86 $16.61 $ $ $ December $22.10 $20.96 $16.66 $ $ $ January $21.92 $20.97 $16.76 $ $ $ February $21.84 $20.79 $16.64 $ $ $ March $21.75 $20.92 $16.73 $ $ $ April $21.64 $21.04 $16.77 $ $ $ May $21.46 $20.87 $16.74 $ $ $ June NC Today 13

17 North Carolina Regular UI Initial Claims Activity May 2011 May 100,000 90,000 80,000 70,000 May 2011: 55,219 May : 48,287 60,000 50,000 40,000 30,000 20,000 10,000 0 May 11 Aug. 11 Nov. 11 Feb. 12 May 12 Aug. 12 Nov. 12 Feb. 13 May 13 Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: Regular Initial Claims, which totaled 48,287 for the month ending May 31,, decreased 2,039 (4%) from the prior month s total of 50,326. Regular Initial Claims were down 3,433 (7%) compared to 51,720 in May 2012; decreased 6,932 (13%) compared to 55,219 in 2011; fell 7,720 (14%) compared to 56,007 in 2010; and dropped 48,391 (50%) compared to 96,678 in May During the month ending May 31,, Attached Initial Claims accounted for 19,129 (40%) of the 48,287 Initial Claims. They accounted for 21,817 (42%) of 51,720 Initial Claims for the same period in 2012; 24,593 (45%) of 55,219 claims in 2011; 23,836 (43%) of 56,007 claims in 2010; and 57,159 (59%) of 96,678 claims in For the month ending May 31,, the decreases in Initial Claims were most notable in the following industries: Textile Mill Products; Industrial and Commercial Machinery and Computer Equipment; Food and Kindred Products; Electronic and Other Electrical Equipment and Components (Except Computer Equipment); Transportation Equipment; and Fabricated Metal Products (Except Machinery and Transportation Equipment). The increases in Initial Claims were most notable in the following industries: Heavy Construction (Other than Building Construction- Contractors); Eating and Drinking Places; Construction-Special Trade Contractors; and Educational Services. North Carolina New and Attached Claims Activity May 2012 May 60,000 50,000 Totally Separated Attached To Employer 52,533 40,000 30,000 20,000 10,000 31,222 29,079 38,533 18% 13% 29% 32,943 21% 82% 87% 71% 79% 26,097 17% 83% 35,422 37,081 35,697 24% 27% 34% 76% 73% 66% 39% 61% 28,655 29,311 29,231 25,106 20% 16% 15% 16% 80% 84% 84% 85% 0 May 12 June 12 July 12 Aug. 12 Sept. 12 Oct. 12 Nov. 12 Dec. 12 Jan. 13 Feb. 13 March 13 April 13 May 13 Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: 14 June NC Today

18 Metropolitan Statistical Area North Carolina MSA Regular UI Initial Claims Activity May Initial Claims Transactions Attached To Payroll Female African- American Individuals Rocky Mount $1,890,081 Wilmington 1, $3,386,517 Winston-Salem 2,390 1, , $3,811,644 MSA Total 31,264 11,575 13,228 11,433 14,273 11,872 $56,757,642 NC Statewide Total 48,287 19,129 19,506 16,101 23,585 18,612 $88,381,312 % of MSA Total to NC Statewide Total 64.7% 60.5% 67.8% 71.0% 60.5% 63.8% 64.2% Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: Regular Initial Claims represent transactions and not individuals. **Does not include Extended Benefits and Federal Additional Compensation. *Only includes claims activity in North Carolina. More information can be found at: The Division of Employment Security paid $177,469,372 in Unemployment Insurance (UI) benefits to unemployed claimants across North Carolina during May. These payments include state and federally funded benefits administered under the State UI, Unemployment Compensation for Federal Employees (UCFE) and Unemployment Compensation for Ex-Service Members (UCX) programs. North Carolina paid $88,381,312 in regular UI benefits from the State UI program to 90,858 individuals during the month a decrease of 6,784 claimants since April. A total of $4,504,889 was paid in UCFE and UCX benefits administered under regular UI. There were 304,500 weeks compensated for regular UI under the State UI program, with an average UI weekly benefit amount of $ (maximum weekly benefit is $535). During May, the NC UI Trust and State Reserve Funds collected $542.4 million in UI taxes and reported no interest. The UI Trust Fund ending May had a negative balance of $2.1 billion, with a State Reserve balance of $80.1 million. For May, the UI Trust Fund had a federal loan balance of $2.1 billion. Also in May, 10,941 Emergency Unemployment Compensation (EUC08) Initial Claims were filed, of which 9,477 were New Claims. EUC Initial Claims are not included in the UI Regular Initial Claims counts. During the same period, 110,927 weeks were compensated for EUC08 benefits; 85,130 weeks for EUC II benefits; 51,494 weeks for EUC III benefits; and 45,238 weeks for EUC IV benefits. The EUC08 benefits paid in May totaled $31,931,727; $24,432,309 was paid in EUC II benefits; $15,323,614 was paid in EUC III benefits; and $12,892,519 was paid in EUC IV benefits. These benefits were paid through federal dollars. The Extended Benefits (EB) Initial Claims filed in May totaled 17. A total of 12 weeks were compensated for EB benefits. EB Initial Claims are not included in the Regular UI Initial Claims. The total for EB benefits paid in May was $2,582. In May, $420 was paid in Federal Additional Compensation (FAC) benefits. White 45 Years and Older Regular UI Benefits** Asheville 1, , $2,831,372 Burlington 1, $1,284,676 Charlotte\Gastonia\Rock Hill NC-SC* 6,846 1,803 3,081 2,982 2,855 2,435 $15,268,461 Durham\Chapel Hill 2, $3,382,826 Fayetteville 1, $2,768,725 Goldsboro $794,662 Greensboro\High Point 4,544 2,114 1,893 1,733 1,946 1,738 $6,637,419 Greenville $1,435,279 Hickory\Lenior\Morganton 2,749 1,672 1, ,970 1,232 $2,962,736 Jacksonville $729,669 Raleigh\Cary 4,249 1,281 1,869 1,711 1,774 1,674 $9,573,577 June NC Today 15

19 Private Industry Workers Compensation Per Hours Worked South Atlantic Region/United States March South Atlantic United States Cost Percent Cost Percent Total Compensation $ % $ % Wages and Salaries $ % $ % Total Benefits $ % $ % Paid Leave $ % $ % Vacation $ % $ % Holiday $ % $ % Sick $ % $ % Personal $ % $ % Supplemental Pay $ % $ % Overtime and Premium 1 $ % $ % Shift Differentials $ % $ % Nonproduction Bonuses $ % $ % Insurance $ % $ % Life $ % $ % Health $ % $ % Short-Term Disability $ % $ % Long-Term Disability $ % $ % Retirement and Savings $ % $ % Defined Benefits $ % $ % Defined Contribution $ % $ % Legally Required Benefits $ % $ % Social Security and Medicare $ % $ % Social Security 2 $ % $ % Medicare $ % $ % Federal Unemployment Insurance $ % $ % State Unemployment Insurance $ % $ % Workers Compensation $ % $ % Source: Bureau of Labor Statistics, Employer Cost for Employee Compensation. 1 Includes premium pay for work in addition to the regular work schedule (such as overtime, weekends and holidays). 2 Comprises the Old-Age, Survivors and Disability Insurance (OASDI) program. Note: May not sum due to rounding. Not adjusted for inflation. Most recent data available. Private industry workers. South Atlantic Region includes: Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and West Virginia. More information can be found at: The South Atlantic Region s Total Compensation of $27.00 per hour worked in March was $2.13 lower than the national average of $ Comparatively, the South Atlantic Division and national compensation were distributed similarly when broken out by the benefits paid. Wages and Salaries reported for the South Atlantic comprised 72.0 percent of Total Compensation. Nationally, Wages and Salaries comprised 70.3 percent. The Region s Retirement and Savings cost $0.87 and was 3.2 percent of Total Compensation. Retirement and Savings reported nationally for the same time period was $1.06 (3.6%). Legally Required Benefits were 8.0 percent of Total Compensation for the Region, and 8.2 percent nationally. Social Security and Medicare were 6.0 percent of Total Compensation for the region and 5.9 percent nationally. Health Insurance Benefits comprised 7.1 percent of Total Compensation (or 25.4% of Total Benefits) in the region, while comprising 7.8 percent (26.1% of Total Benefits) nationally. 16 June NC Today

20 Glossary of Terms Employment: Used in Current Employment Statistics (CES), industry or establishment data referring to persons on establishment payrolls who received pay for any part of the pay period that includes the 12 th day of the month. The data exclude proprietors, the unincorporated self-employed, unpaid volunteer or family workers, farm workers, and domestic workers. Salaried officers of corporations are included. Government employment covers only civilian employees; military personnel are excluded. Employees of the Central Intelligence Agency, the National Security Agency, the National Imagery and Mapping Agency, and the Defense Intelligence Agency also are excluded. Persons on establishment payrolls who are on paid sick leave (for cases in which pay is received directly from the firm), on paid holiday, or on paid vacation, or who work during a part of the pay period even though they are unemployed, or on strike during the rest of the period, are counted as employed. Not counted as employed are persons who are on layoff, on leave without pay, or on strike for the entire period, or who were hired but have not yet reported during the period. Employment is calculated by work location, not residency. Individuals may be counted more than once if they hold multiple jobs. Used in Local Area Unemployment Statistics (LAUS), individuals 16 years of age and older who worked during the week that includes the 12 th of the month for, (a) pay, (b) unpaid for 15 hours or more in a family-owned business, or (c) in their own business, profession or farm. Persons temporarily absent from their jobs due to illness, bad weather, vacation, labor dispute, or personal reasons are included. Individuals whose only activity consists of work around the house and/or volunteer work for religious, charitable, and similar organizations are excluded. Employment is calculated by residency, not work location. Each employed person is counted once even if working multiple jobs. Employment-to-Population Ratio (E-P): The proportion of the civilian noninstitutional population that is employed. Entrants (Current Population Survey): Unemployed persons who are entering the labor force as a new entrant or re-entrant. Extended Benefits (EB): The supplemental program that pays extended compensation during periods of specified high unemployment in a state to individuals for weeks of unemployment after exhaustion of regular Unemployment Insurance benefits. One-half of EB is funded by the state trust fund. The beginning date, duration and ending date of this program are triggered by a specified unemployment rate during a specified period of time. Federal Additional Compensation (FAC): A supplemental program that pays an additional $25 for any week for which an individual is eligible to receive at least $1.00 under any unemployment compensation program currently in effect. Full-time Workers: Persons who work 35 hours or more per week. Goods Producing: Industries including Mining, Construction and Manufacturing. Hours of Work: The number of hours worked during the survey week. Individuals who work at least 35 hours are designated full-time workers; persons who work less than that are considered part time. Industry: A group of establishments that produce similar products or provide similar services. For example, all establishments that manufacture automobiles are in the same industry. A given industry, or even a particular establishment in that industry, might have employees in dozens of occupations. The North American Industry Classification System (NAICS) groups similar establishments into industries. Initial Claim: Includes new and additional initial claims. An additional initial claim is a subsequent initial claim filed to reopen a claim series during an existing benefit year. This occurs if a person again becomes unemployed when a break of one week or more has occurred in the claim series due to intervening employment. Interest Earned: The amount of interest earned on the Unemployment Trust Fund account (unpublished US Treasury reports). Job Leavers: An unemployment category describing individuals who quit or otherwise terminate their employment voluntarily and immediately begin looking for work. June NC Today 17