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Another dismal jobs report for NC metro areas

Posted By Allan Freyer On July 31, 2014 @ 9:30 am In NC Budget and Tax Center | Comments Disabled

Another new jobs report [1], the same old story for North Carolina’s metro areas–too many of the state’s urban centers are struggling to create jobs and meaningfully create opportunities for the unemployed. Some of the low-lights from yesterday’s June report on local area unemployment [1]include:

  • 13 out of 14 metros saw their labor forces decline since June 2013, suggesting that too many workers are unable to find work and continue to drop out of the workforce.
  • 8 out of 14 metros saw their unemployment rates drop because the majority of unemployed workers moved out of the labor force rather into jobs. That means that the unemployment rate isn’t going down because things are getting better for workers, but rather because things are getting worse.
  • 3 metros (Fayetteville, Hickory, and Jacksonville) have fewer people going to work in June 2014 than they did last year.
  • Only 4 metros (Durham, Raleigh, Charlotte, and Wilmington) have created enough jobs to fully replace the jobs lost during the Great Recession. After five years, 10 metros have yet to fully recover from the recession.
  • For 10 metros, it will take more than a year to fully replace those lost jobs, if they create jobs at the current pace.
  • One metro, Hickory-Lenoir, will take almost a half century to fully return to pre-recession employment levels if they maintain their current pace of job creation.

All told, this is a dismal jobs reports for our state’s metro areas, far removed from recent claims about the state’s supposed economic renaissance.


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URL to article: http://pulse.ncpolicywatch.org/2014/07/31/another-dismal-jobs-report-for-nc-metro-areas/

URLs in this post:

[1] new jobs report: https://www.ncesc1.com/pmi/rates/PressReleases/County/NR_June2014_CountyRateRelease_M.pdf

[2] National economic news good; NC situation not so encouraging : http://pulse.ncpolicywatch.org/2014/07/03/national-economic-news-good-nc-situation-not-so-rosy/

[3] Missing Workers Update: June 2014 : http://pulse.ncpolicywatch.org/2014/07/23/missing-workers-update-june-2014/

[4] N.C.’s unemployment rate goes up to 6.8 percent, labor pool shrinks : http://pulse.ncpolicywatch.org/2014/09/19/n-c-s-unemployment-rate-goes-up-as-labor-pool-continues-to-shrink/

[5] Missing workers update: July 2014 : http://pulse.ncpolicywatch.org/2014/08/19/missing-workers-update-july-2014/

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