North Carolina Department of Commerce Labor & Economic Analysis Division

Transcription

1 North Carolina Department of Commerce Labor & Economic Analysis Division

2 Employment at a Glance Civilian Labor Force North Carolina s July smoothed seasonally adjusted unemployment rate, at 6.5 percent, increased 0.1 of a percentage point from June s revised rate. The rate was 8.1 percent in July At 6.5 percent, North Carolina s July unemployment rate is 0.3 of a percentage point higher than the United States 6.2 percent rate. Over the month, the number of people unemployed increased 1.8 percent to 304,484. During July, North Carolina s smoothed seasonally adjusted labor force participation rate fell 0.3 of a percentage point to 60.8 percent, while the U.S. rate rose 0.1 of a percentage point to 62.9 percent. Nonfarm Employment Seasonally adjusted Total Nonfarm employment for July increased to 15,800 jobs over the month, and 89,000 over the year to 4,139,800. Over the month, seven sectors experienced seasonally adjusted job growth: Professional & Business Services, 4,800; Government, 4,300; Trade, Transportation & Utilities, 3,300; Other Services, 2,200; Construction, 2,100; Information, 2,000; and Manufacturing, 700. Losses were reported by Education & Health Services, 1,600; Financial Activities, 1,300; and Leisure & Hospitality Services, 700. Mining & Logging was unchanged. All major sectors but one reported over-the-year seasonally adjusted job increases: Professional & Business Services, 38,700; Trade, Transportation & Utilities, 22,100; Leisure & Hospitality Services, 8,800; Construction, 7,800; Other Services, 5,100; Education & Health Services, 4,700; Information, 4,200; Financial Activities, 1,300; Manufacturing, 1,000; and Mining & Construction, 200. Government reported a loss of 4,900. Not seasonally adjusted, all but one sector reported over-the-year job growth: Professional & Business Services, 40,800; Trade, Transportation & Utilities, 21,900; Leisure & Hospitality Services, 11,000; Construction, 7,500; Education & Health Services, 5,600; Other Services, 4,700; Information, 4,200; Financial Activities, 4,100; Manufacturing, 500; and Mining and Logging, 200. Government declined by 6,600. The following sectors in Manufacturing showed not seasonally adjusted over-the-year job increases: Furniture & Related Product, 1,400; Transportation Equipment, 1,400; Chemical, 1,200; Wood Product, 1,100; Fabricated Metal Product, 600; and Machinery, 200. Losses were reported in the remaining sectors: Computer & Electronic Product, 800; Beverage & Tobacco Product, 700; Apparel, 600; Textile Product Mills, 600; Textile Mills, 400; Electrical Equipment, Appliance & Component, 100; Food, 100; Printing & Related Support Activities, 100; and Plastics & Rubber Products, 100. Food remains North Carolina s leading sector in manufacturing employment at 52,000. Chemical follows with 43,600. Other Information Preliminary Average Hourly Earnings in North Carolina for manufacturing production workers increased 11 cents to $16.79 in July; Average Weekly Hours dropped 66 minutes to 42.7 from 43.8; and Average Weekly Earnings decreased $13.65 to $ North Carolina paid $34.7 million in Unemployment Insurance benefits (all programs) to claimants in July. These payments include state and federally funded benefits. The number of Initial Claims filed in North Carolina for Unemployment Insurance benefits decreased in July to 23,532. Approximately $33.7 million was paid in regular UI benefits to 39,066 unemployed persons across the state. The average weekly benefit amount was $ (maximum weekly benefit is $350), which does not include the $25 Federal Additional Compensation (FAC) payment from The American Recovery and Reinvestment Act. August NC Today i

3 Table of Contents United States/North Carolina Labor Force Data, July... 1 United States/North Carolina Unemployment Rates, January 2012 July...2 United States Labor Force, July 2013 July...2 North Carolina Labor Force, July 2013 July...2 Unemployment Rates by State, June... 3 North Carolina Unemployment Rates by County, June... 4 North Carolina Total Nonfarm Employment, July 2009 July... 5 North Carolina Industry Employment, July (Seasonally Adjusted)... 6 North Carolina Industry Employment Net Change, July 2013 July... 7 North Carolina Goods Producing, January 2000 July... 8 North Carolina Service Providing, January 2000 July... 8 North Carolina Industry Supersector Employment, July (Not Seasonally Adjusted )...9 North Carolina MSA Total Nonfarm Employment, July (Not Seasonally Adjusted ) Employment Change in North Carolina Manufacturing Industries Comparison of July 2004, 2009 & Hours and Earnings, July 2013 July North Carolina Regular UI Initial Claims Activity, July 2012 July North Carolina New Claims Activity, July 2012 July North Carolina MSA Regular UI Initial Claims Activity, July Glossary of Terms...15 ii August NC Today

4 United States/North Carolina Labor Force Data July Month Ago Year Ago (Civilian Labor Force Estimates) July P June R July AR 2013 Numeric Change Percent Change Numeric Change Percent Change North Carolina Smoothed Seasonally Adjusted Labor Force 4,674,116 4,688,666 4,692,338-14, , Employed 4,369,632 4,389,480 4,310,134-19, , Unemployed 304, , ,204 5, , Unemployment Rate xxx -1.6 xxx Not Seasonally Adjusted Labor Force 4,721,006 4,691,666 4,748,666 29, , Employed 4,396,729 4,388,891 4,348,543 7, , Unemployed 324, , ,123 21, , Unemployment Rate xxx -1.5 xxx Month Ago Year Ago (Civilian Labor Force Estimates) July June July AR 2013 Numeric Change Percent Change Numeric Change Percent Change United States* Seasonally Adjusted Labor Force 156,023, ,694, ,693, , xxx xxx Employed 146,352, ,221, ,285, , xxx xxx Unemployed 9,671,000 9,474,000 11,408, , xxx xxx Unemployment Rate xxx xxx xxx Not Seasonally Adjusted Labor Force 157,573, ,997, ,196, , xxx xxx Employed 147,265, ,104, ,113, , xxx xxx Unemployed 10,307,000 9,893,000 12,083, , 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; AR Annual Revision 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 August NC Today

5 United States/North Carolina Unemployment Rates January 2012 July (Smoothed Seasonally Adjusted) 10 NC US 9 January 2012: 9.5 Percent 8 7 January 2012: 8.2 July : July : 6.2 Jan. 12 April July Oct. Jan. 13 April July Oct. Jan. 14 April Source: NC data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce, US data: Current Population Survey, BLS Note: NC July data are preliminary, other data are revised, while all other data reflect annual revision and new seasonal adjustements. US data reflect new population estimates, while previous years data have undergone annual revision. More information can be found at: The smoothed seasonally adjusted North Carolina civilian labor force decreased 14,550 (0.3%) to 4,674,116 from June to July. The number of persons employed decreased 19,848 (0.5%) to 4,369,632, while the number of persons unemployed increased 5,298 (1.8%) to 304,484. The unemployment rate increased 0.1 of a percentage point to 6.5 percent. The labor force participation rate decreased 0.3 of a percentage point to 60.8 percent. Over the year, North Carolina s smoothed seasonally adjusted labor force decreased 18,222 (0.4%), while the number of persons employed increased 59,498 (1.4%). The number of persons unemployed fell 77,720 (20.3%). The unemployment rate decreased 1.6 percentage points. The United States seasonally adjusted civilian labor force increased by 0.2 percent over the month to 156,023,000. The number of persons employed increased 0.1 percent to 146,352,000, while those unemployed increased 2.1 percent to 9,671,000. The nation s unemployment rate increased 0.1 of a percentage point to 6.2 percent. The labor force participation rate increased 0.1 of a percentage point to 62.9 percent. United States Labor Force July 2013 July (Seasonally Adjusted) North Carolina Labor Force July 2013 July (Smoothed Seasonally Adjusted) 157,000 US 4,725 NC In Thousands 156, , ,750 4,700 4, ,000 4,650 July 13 Aug. 13 Sept. 13 Oct. 13 Nov. 13 Dec. 13 Jan. 14 Feb. 14 March 14 April 14 May 14 June 14 July 14 July 13 Aug. 13 Sept. 13 Oct. 13 Nov. 13 Dec. 13 Jan. 14 Feb. 14 March 14 April 14 May 14 June 14 July 14 In Thousands Source: NC data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce, US data: Current Population Survey, BLS Note: NC July data are preliminary, other data are revised, while all other data reflect annual revision and new seasonal adjustements. US data reflect new population estimates, while previous years data have undergone annual revision. More information can be found at: 2 August NC Today

6 WA 5.8 OR 6.8 NV 7.7 CA 7.4 ID 4.7 UT 3.5 AZ 6.9 Unemployment Rates By State Smoothed Seasonally Adjusted June U.S. Rate = 6.1% MT 4.5 WY 4.0 NM 6.5 CO 5.5 ND 2.7 SD 3.8 NE 3.5 TX 5.1 KS 4.9 OK 4.5 MN 4.5 IA 4.4 MO 6.5 AR 6.2 LA 5.0 WI 5.7 IL 7.1 MS 7.9 IN 5.9 TN 6.6 AL MI KY 7.4 OH 5.5 GA 7.4 WV 6.2 SC 5.3 PA 5.6 VA 5.3 NC 6.4 NY 6.6 ME 5.5 VT 3.5 NH 4.4 MA RI 7.9 CT NJ 6.6 DE 6.1 MD 5.8 DC 7.4 FL AK HI More information can be found at: Note: States' June data are preliminary. US rate is not smoothed. Prepared by Labor & Economic Analysis Division, North Carolina Department of Commerce 7_14 Mississippi and Rhode Island had the highest unemployment rates among the states in June at 7.9 percent each. North Dakota, again, had the lowest jobless rate at 2.7 percent. In total, 17 states had unemployment rates significantly lower than the U.S. figure of 6.1 percent, eight states and the District of Columbia had measurably higher rates, and 25 states had rates that were not appreciably different from that of the nation. In June, six states had statistically significant over-the-month unemployment rate declines: Illinois (0.4 of a percentage point); Colorado, Rhode Island, and Washington (0.3 of a percentage point each); and California and New Jersey (0.2 of a percentage point each). Vermont had the only significant over-the-month rate increase (0.2 of a percentage point). The remaining 43 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. Thirty-four states and the District of Columbia had statistically significant jobless rate changes over the year, all of which were decreases. The largest of these occurred in South Carolina (2.5 percentage points), Nevada (2.3 percentage points), and Illinois (2.1 percentage points). The remaining 16 states had rates that were not appreciably different from those of a year earlier. Among neighboring states, unemployment rates in June increased in Georgia (0.2 of a percentage point), Tennessee (0.2 of a percentage point), and Virginia (0.2 of a percentage point), and was unchanged in South Carolina. August NC Today 3

7 = ^^ North Carolina Unemployment Rates by County June Cherokee 8.2 Graham 9.8 Clay 6.5 Swain Macon Jackson Haywood Madison Transylvania Buncombe Henderson Mitchell Yancey McDowell Polk Avery Rutherford Watauga Burke Ashe Caldwell Cleveland Wilkes Alexander Catawba Lincoln Alleghany Person Orange Durham Harnett 5.5 Wayne Cumberland Robeson Gaston Iredell Surry Yadkin Mecklenburg Davie Rowan Cabarrus Union Stokes Forsyth Davidson Stanly Anson Rockingham Guilford Randolph Montgomery Richmond Moore Caswell Alamance Scotland Chatham Lee Hoke Granville Wake Bladen Vance Franklin Johnston Sampson Warren Nash Wilson Duplin Pender Halifax Edgecombe Greene Lenoir Northampton Pitt Jones Onslow Hertford Martin Craven Bertie Gates Beaufort Chowan Washington Pamlico Camden Pasquotank Perquimans Carteret Tyrrell Currituck Hyde Dare 10.7 Columbus 8.6 Brunswick 6.9 New Hanover 6.1 June 4.2% to 6.0% 6.1% to 7.0% 7.1% to 8.0% 8.1% to 9.5% 9.6% to 12.5% 10 Counties Higher Than Previous Month 81 Counties Lower Than Previous Month 9 Counties Same as Previous Month North Carolina Rate 6.5% Not Seasonally Adjusted Note: June data are preliminary. Prepared by Labor & Economic Analysis Division, North Carolina Department of Commerce 7_ More information can be found at: Between May and June, not seasonally adjusted unemployment rates decreased in 81 of North Carolina s counties, increased in 10, and remained the same in nine. Dare, Hyde, and Tyrell counties saw the largest overthe-month decreases, each declining 1.0 percentage point from their revised May rates. Three counties had unemployment rates at 10.0 percent or above, 89 between 5.0 percent and 10.0 percent, and eight at 5.0 percent or below. Forty-three counties were at or below the statewide not seasonally adjusted rate of 6.5 percent. Scotland County had the highest unemployment rate at 12.1 percent, while Currituck County had the lowest at 4.2 percent. Over the year, not seasonally adjusted unemployment rates fell in all 100 counties. Graham County experienced the largest over-the-year decrease at 4.3 percentage points. The June 2013 county rates ranged from 15.1 percent in Scotland County to 5.7 percent in Currituck County. 4 August NC Today

8 North Carolina Total Nonfarm Employment June 2009 July (Seasonally Adjusted) 4,150 4,100 In Thousands 4,050 4,000 3,950 June 2009: 3,897,000 End of Recession to Current Month Difference: 254,700 July : 4,139,800 3,900 3,850 3,800 February 2010: 3,839,200 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 July 13 Oct. 13 Jan. 14 April 14 July 14 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: Note: July data are preliminary, other data are revised, while all other data are benchmarked. Recession 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 4,174,500. The state experienced 24 months of continuous decline until it reached its lowest level of Total Nonfarm employment in February 2010 when employment reached 3,839,200. Between the peak in employment in February 2008 and the low of February 2010, North Carolina lost 335,300 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 5,900 jobs and 3,900 jobs, respectively. The largest job losses were experienced in Manufacturing (98,700), Trade, Transportation & Utilities (74,000), Construction (71,900), and Professional & Business Services (37,000). Based on July s preliminary employment estimates, North Carolina s economy has gained 300,600 jobs since the low in February 2010, and employment in the Private sector has risen by 312,500. The largest job growth has been in Professional & Business Services, which added 115,600 jobs, followed by Trade, Transportation & Utilities (68,900) and Leisure & Hospitality Services (52,200). Government had the largest job loss at 11,900 jobs. August NC Today 5

9 NAICS Industry North Carolina Industry Employment July (Seasonally Adjusted, In Thousands) July P Total Employment June R July B 2013 From June Net & Percent Change From July 2013 Net Percent Net Percent Total Nonfarm 4, , , % % Total Private 3, , , % % Goods Producing % % Service Providing 3, , , % % Private Service Providing 2, , , % % Mining & Logging % % Construction % % Manufacturing % % Durable Goods % % 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 August NC Today

10 North Carolina Industry Employment Net Change July 2013 July (Seasonally Adjusted) Professional & Business Services 38.7 Trade, Transportation & Utilities 22.1 Leisure & Hospitality Services Construction Other Services Education & Health Services Information Financial Activities Manufacturing Mining & Logging Government Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: In July, North Carolina s seasonally adjusted Total Nonfarm employment increased by 15,800 jobs over the month and 89,000 over the year. The United States added 209,000 Total Nonfarm jobs over the month and 2,570,000 over the year. North Carolina s Total Private Sector gained 11,500 jobs over the month, and 93,900 over the year. The Service Providing industries, which includes all industries except Mining & Logging, Construction, and Manufacturing, rose by 13,000 jobs over the month and 80,000 over the year. The Goods Producing industries gained 2,800 jobs over the month and 9,000 over the year. Seasonally Adjusted, seven of the 11 major North Carolina industrial sectors experienced job gains over the month. Professional & Business Services (4,800) had the largest net increase, followed by Government (4,300); Trade, Transportation & Utilities (3,300); Other Services (2,200); Construction (2,100); Information (2,000); and Manufacturing (700). Of the remaining four industrial sectors, Education & Health Services lost 1,600 jobs; Financial Activities, 1,300; and Leisure & Hospitality Services, 700. Mining & Logging remained unchanged at 5,600. 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 and not seasonally adjusted series. Ten major industrial sectors experienced seasonally adjusted job growth over the year. Professional & Business Services increased by 38,700 jobs, due to gains in Admin & Support & Waste Management & Remediation Services (26,400), Professional, Scientific & Technical Services (10,800), and Management of Companies & Enterprises (1,500). Trade, Transportation & Utilities rose 22,100, as did Retail Trade (10,900), Wholesale Trade (7,300), and Transportation & Utilities (3,900). Leisure & Hospitality Services added 8,800 jobs with an increase in Accommodation & Food Services (9,600) and a loss in Arts, Entertainment and Recreation (800). Construction grew by 7,800 positions. Other Services gained 5,100 jobs. Education & Health Services increased 4,700 with gains in Educational Services (3,700) and Health Care & Social Assistance (1,000). Information rose 4,200 jobs. Financial Activities grew by 1,300 jobs with gains in Real Estate & Rental & Leasing (800) and Finance & Insurance (500). Manufacturing increased by 1,000 jobs with a gain in Durable Goods (4,400) and a loss in Nondurable Goods (3,400). Mining & Logging added 200 jobs. Government posted an over-the-year decline of 4,900 jobs with losses in Local Government (3,000) and State Government (2,300), while Federal Government had an increase (400). August NC Today 7

11 In Thousands 1,100 1, North Carolina Goods Producing January 2000 July (Seasonally Adjusted) Goods Producing 2001 Recession Recession March 2001: 970,400 November 2001: 904,000 December 2007: 792,000 June 2009: 641, July : 630, Jan. 00 Jan. 01 Jan. 02 Jan. 03 Jan. 04 Jan. 05 Source: CES, North Carolina Department of Commerce, Labor & Economic Analysis Division Note: July data are preliminary, other data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates April 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 161,700 Goods Producing jobs and 11,300 jobs since the end of the recession in June Jan. 06 Jan. 07 Jan. 08 Jan. 09 North Carolina Service Providing January 2000 July (Seasonally Adjusted) Jan. 10 Jan. 11 Jan. 12 Jan. 13 Jan. 14 3,600 3,500 3,400 Service Providing 2001 Recession Recession December 2007: 3,376,000 In Thousands 3,300 3,200 3,100 3,000 March 2001: 2,960,200 June 2009: 3,255,400 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 Jan. 14 July : 3,509,500 November 2001: 2,943,200 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: July data are preliminary, other data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates April 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 133,500 jobs, and 254,100 jobs since the end of the recession in June August NC Today

12 NAICS Industry North Carolina Industry Supersector Employment July (Not Seasonally Adjusted, In Thousands) July P Total Employment June R 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 The July not seasonally adjusted Total Nonfarm employment level of 4,074,800 was 62,800 lower than June. Eight of the 11 major industries in North Carolina showed an over-the-month increase. Trade, Transportation & Utilities had the largest increase in employment at 3,800 (0.5%), followed by Construction, 3,000 (1.7%); Professional & Business Services, 2,600 (0.4%); Information, 2,100 (2.9%); Other Services, 1,300 (0.8%); Leisure & Hospitality Services, 1,200 (0.3%); Financial Activities, 100 (<0.1%), and Mining & Logging, 100 (1.8%). Of the three remaining industrial sectors, Government lost 74,500 (10.9%) jobs; Education & Health Services, 2,100 (0.4%); and Manufacturing, 400 (0.1%) jobs. Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) added 85,700 (2.6%) jobs. Professional & Business Services, 40,800 (7.4%), experienced the largest employment increase, followed by Trade, Transportation & Utilities, 21,900 (2.9%); Leisure & Hospitality Services, 11,000 (2.4%); Education & Health Services, 5,600 (1.0%); Other Services, 4,700 (3.1%); Information, 4,200 (6.0%); and Financial Activities, 4,100 (2.0%). Government had a 6,600 (1.1%) loss over the year. The Goods Producing sector had a net gain of 8,200 (1.3%) jobs over the year. Construction added 7,500 (4.3%) jobs; Manufacturing increased by 500 (0.1%); and Mining & Logging gained 200 (3.6%) over the year. July B 2013 From June From July 2013 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 <0.1% % Professional & Business Services % % Education & Health Services % % Leisure & Hospitality % % Other Services % % Government % % August NC Today 9

13 Metropolitan Statistical Area North Carolina MSA Total Nonfarm Employment July (Not Seasonally Adjusted, In Thousands) July P Total Employment June R 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 In not seasonally adjusted data, all 14 Metropolitan Statistical Areas (MSAs) experienced an over-the- month decline in Total Nonfarm employment in July. The Charlotte/Gastonia/Rock Hill MSA posted the largest decrease of 9,100 jobs, followed by Greensboro/High Point with 6,200. Mining & Logging and Construction employment increased or was unchanged in all of the MSAs over the month. Charlotte/Gastonia/Rock Hill had the largest over-the-month increase of 1,000 jobs, followed by Raleigh/Cary with 500 jobs. Manufacturing employment varied across the MSAs this month. Raleigh/Cary posted the largest gain of 400 jobs with an increase of 300 jobs in Durable Goods and 100 in Nondurable Goods. Both Durham/Chapel Hill and Greensboro/High Point had the greatest losses of 100 jobs each. Durham/Chapel Hill lost 100 jobs in Nondurable Goods, while Greensboro/High Point lost 100 jobs in Durable Goods. Trade, Transportation & Utilities employment varied across the MSAs this month. Asheville reported the largest over-the-month gain of 500 jobs. Charlotte/Gastonia/Rock Hill posted the largest loss of 300 jobs. Information employment remained unchanged in all but two MSAs. Charlotte/Gastonia/Rock Hill reported a gain of 300 jobs, while Raleigh/Cary added 100 jobs. Financial Activities employment varied across the MSAs over the month. Charlotte/Gastonia/Rock Hill had the largest gain of 600 jobs, while Burlington posted the largest loss of 100 jobs. Professional & Business Services employment varied across the MSAs. Charlotte/Gastonia/Rock Hill had the largest gain of 2,000 jobs, while both Wilmington and Winston-Salem posted the greatest loss of 800 jobs each. Education & Health Services employment varied across the MSAs with Greensboro/High Point posting the greatest gain of 800 jobs. Charlotte/Gastonia/Rock Hill reported the largest loss of 1,200 jobs. Leisure & Hospitality Services employment varied across the MSAs this month. Asheville had the greatest gain of 500 jobs, while Charlotte/Gastonia/Rock Hill posted the largest loss of 600 jobs. 10 August NC Today July B 2013 From June From July 2013 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 % %

14 Other Services employment increased or remained the same in all but one MSA over the month. Charlotte/ Gastonia/Rock Hill posted the largest gain of 200 jobs, while Fayetteville had the only MSA loss at 100 jobs. Government employment decreased across all MSAs over the month. Charlotte/Gastonia/Rock Hill showed the largest loss of 11,100 jobs, with most coming from Local Government (10,600), followed by Greensboro/High Point with 7,200 jobs, most of that also coming from Local Government (6,800). Employment Change in North Carolina Manufacturing Industries Comparison of July 2004, 2009 & (Not Seasonally Adjusted) 75 July 2004 July 2009 July Wood Product Fabricated Metal Product Machinery Computers & Electronic Product In Thousands Electrical Equipment & Appliances 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 2004 and 2009 data are benchmarked. More information can be found at: Not Seasonally Adjusted, the Manufacturing industrial sector lost 400 over the month with all of the loss coming from Nondurable Goods. Manufacturing had an overall gain of 500 jobs over the year with an increase in Durable Goods (3,900) and a decrease in Nondurable Goods (3,400). Of North Carolina s six largest Manufacturing industries in July 2004, five have experienced job losses over the past 10 years: Textile Mills, 34,300; Furniture & Related Product, 24,000; Computer & Electronic Product, 6,200; Fabricated Metal Product, 3,300; and Chemical, 1,300. Food gained 1,600 jobs. Of North Carolina s six largest Manufacturing industries in July 2009, three have experienced job losses over the past five years: Computer & Electronic Product, 2,800; Textile Mills, 1,500; and Food, 500. Fabricated Metal Product gained 4,300 jobs, Chemical increased by 2,500, and Furniture & Related Product added 500 jobs. August NC Today 11

15 Total Private Hours and Earnings July 2013 July (Not Seasonally Adjusted) Average Weekly Hours Average Hourly Earnings Average Weekly Earnings Mfg. Production Total Private Mfg. Production Total Private Mfg. Production July $21.52 $21.03 $16.68 $ $ $ August $21.51 $20.80 $16.63 $ $ $ September $21.68 $20.87 $16.60 $ $ $ October $21.55 $20.79 $16.66 $ $ $ November $21.64 $20.96 $16.74 $ $ $ December $21.85 $21.14 $17.01 $ $ $ January $21.83 $20.90 $16.79 $ $ $ February $22.48 $21.24 $16.52 $ $ $ March $22.19 $20.81 $16.75 $ $ $ April $21.73 $20.57 $16.72 $ $ $ May $21.64 $20.77 $16.81 $ $ $ July $21.74 $20.85 $16.68 $ $ $ July $21.60 $21.15 $16.79 $ $ $ Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: July data are preliminary, other data are revised, while 2013 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 $15.73 to $749.52, Average Hourly Earnings fell by $0.14 to $21.60 and Average Weekly Hours decreased by 0.5 (30 minutes) to Over-the-year, Total Private Hours & Earnings posted gains in Average Weekly Earnings, $13.54; Average Hourly Earnings, $0.08 and Average Weekly Hours, 0.5 (30 minutes). Manufacturing Hours and Earnings posted over-the-month decreases in Average Weekly Earnings and Average Weekly Hours and posted an increase in Average Hourly Earnings. Average Weekly Earnings decreased by $12.36 to $892.53, Average Weekly Hours fell by 1.2 (72 minutes) to 42.2 and Average Hourly Earnings increased by $0.30 to $ Over-the-year, Manufacturing Hours & Earnings posted gains in Average Weekly Earnings, $42.92, Average Hourly Earnings, $0.12 and Average Weekly Hours, 1.8 (108 minutes). Production Hours and Earnings posted an over-the-month decrease in Average Weekly Earnings and Average Weekly Hours and an increase in Average Hourly Earnings. Average Weekly Earnings decreased by $13.65 to $716.93, Average Weekly Hours fell by 1.1 (66 minutes) to 42.7 and Average Hourly Earnings increased by $0.11 to $ Over the year, Production Hours & Earnings posted gains in Average Hourly Earnings $0.11, Average Weekly Earnings, $33.05 and Average Weekly Hours 1.7 (102 minutes). 12 August NC Today

16 100,000 North Carolina Regular UI Initial Claims Activity July 2012 July 80,000 July 2012: 64,214 60,000 40,000 July : 23,532 20,000 0 July 12 Oct. 12 Jan. 13 April 13 July 13 Oct. 13 Jan. 14 April 14 July 14 Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: Regular Initial Claims, which totaled 23,532 for the month ending July 31,, decreased 677 (3%) from the prior month s total of 24,209. Regular Initial Claims were down 10,372 (31%) compared to 33,904 in July 2013; decreased 40,682 (63%) compared to 64,214 in 2012; fell 36,691 (61%) compared to 60,223 in 2011; and dropped 41,431 (64%) compared to 64,963 in July During the month, Attached Initial Claims totaled 100, which accounted for less than 1.0 percent of the 23,532 Initial Claims. They accounted for 1,856 (5%) of 33,904 Initial Claims for the same period in 2013; 32,764 (51%) of 64,214 claims in 2012; 27,928 (46%) of 60,223 claims in 2011; and 29,395 (45%) of 64,963 claims in Also during this time, decreases in Initial Claims were most notable in the following industries: Nonclassifiable Establishments; Miscellaneous Services; Social Services; Educational Services; Eating and Drinking Places; Depository Institutions; Electronic and Other Electrical Equipment and Components (Except Computer Equipment); and Apparel and Other Finished Products Made From Fabrics and Similar Materials. The increases in Initial Claims were most notable in the following industries: Furniture and Fixtures; Industrial and Commercial Machinery and Computer Equipment; Engineering, Accounting, Research, Management and Related Services; General Merchandise Stores; and Building Materials, Hardware, Garden Supply and Mobile Home Dealers. 60,000 North Carolina New Claims Activity July 2012 July 50,000 July 2012: 38,533 40,000 July : 20,640 30,000 20,000 10,000 0 July 12 Oct. 12 Jan. 13 April 13 July 13 Oct. 13 Jan. 14 April 15 July 14 Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: August NC Today 13

17 Metropolitan Statistical Area North Carolina MSA Regular UI Initial Claims Activity July Transactions Initial Claims Female Individuals African- White American 45 Years and Older Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: Regular Initial Claims represent transactions and not individuals. *Only includes claims activity in North Carolina. **Does not include Extended Benefits and Federal Additional Compensation. More information can be found at: Regular UI Benefits** Asheville $897,403 Burlington $447,622 Charlotte/Gastonia/Rock Hill NC-SC* 4,262 2,224 2,095 1,754 1,533 $6,289,282 Durham/Chapel Hill 1, $1,397,964 Fayetteville $1,190,871 Goldsboro $293,024 Greensboro/High Point 1, $2,699,127 Greenville $657,333 Hickory/Lenior/Morganton $1,001,694 Jacksonville $302,947 Raleigh/Cary 2,463 1,240 1,096 1, $3,875,768 Rocky Mount $597,825 Wilmington $1,332,382 Winston-Salem 1, $1,493,233 MSA Total 15,892 8,038 7,128 7,383 5,826 $22,476,475 NC Statewide Total 23,532 11,712 9,982 11,389 8,744 $33,681,045 % of MSA Total to NC Statewide Total 67.5% 68.6% 71.4% 64.8% 66.6% 66.7% The Division of Employment Security paid $34,688,427 in Unemployment Insurance (UI) benefits to unemployed claimants across North Carolina during July. These payments include state and federally funded benefits. North Carolina paid $33,681,045 in regular UI benefits from the State UI program to 39,066 individuals during the month a decrease of 1,281 claimants since June. A total of $999,050 in benefits was paid in Unemployment Compensation for Federal Employees (UCFE) and Unemployment Compensation for Ex-Service Members (UCX) administered under Regular UI. There were 152,757 weeks compensated for Regular UI under the State UI program, with an average UI weekly benefit amount of $ (maximum weekly benefit is $350). In July, benefits paid for the EUC (all tiers), Extended Benefits (EB) and Federal Additional Compensation (FAC) programs totaled $8,332. These benefits were paid through federal dollars. The Emergency Unemployment Compensation program (EUC08) ended in North Carolina on June 29, 2013; however, North Carolina will continue to pay EUC08 benefits for weeks prior to this date. During July, the NC UI Trust and State Reserve Funds collected $111.4 million in UI taxes and reported interest of $23, The Unemployment Insurance Trust Fund balance was at a deficit of $894.5 million on July 31,. The Federal Loan had a balance of $898.9 million, and the State Reserve Fund had a balance of $40.0 million. 14 August NC Today

18 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. 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). Labor Force Participation Rate (LFP): The proportion of the civilian noninstitutional population that is in the civilian labor force (e.g. employed or unemployed and actively seeking work). Labor Market Information: Used to describe the delivery of labor force, employment, unemployment, wage, supply and demand, occupational, industrial, economic, and demographic data for the analysis of manpower problems. August NC Today 15

19 Local Area Unemployment Statistics (LAUS): A federal Bureau of Labor Statistics (BLS)/state North Carolina Department of Commerce, Labor and Economic Analysis Division cooperative statistical program which produces monthly and annual labor force, employment, unemployment, and unemployment rate estimates by place of residence for many geographic regions including states, counties, metropolitan and micropolitan statistical areas, and selected cities. Manufacturing Hours and Earnings: Based on gross payrolls and corresponding paid hours: Total Private Hours and Earnings Includes data collected for all paid, private-sector workers (including production employees). Executives, managers and supervisors are excluded. All Employees Hours and Earnings Reported as all persons who received pay (including holiday and sick) for any part of the payroll period including the 12 th day of the month. Production Workers Hours and Earnings Workers in the Goods Producing industries up through the level of working supervisors who engage directly in the manufacturing of the establishment s product. Total Gross Pay Includes regular wages and salaries, paid leave, incentive pay, bonuses paid each pay period and severance paid over multiple pay periods. Commissions are reported if they are paid at least monthly. Irregular lump sum payments are excluded. Maximum Weekly Benefit Amount: The highest weekly benefit amount provided for a week of total unemployment. Metropolitan Statistical Area (MSA): A federal Office of Management and Budget (OMB) defined area having at least one urbanized area with a population of 50,000 or more. MSAs may include adjacent counties that have a high degree of social and economic integration with the urban core as measured by commuting patterns. North Carolina has 14 MSAs consisting of 39 counties. Minimum Weekly Benefit Amount: The lowest weekly benefit amount for a week of total unemployment. New Claim: The first initial claim filed in person, by mail, telephone, or other means within a benefit year to request a determination of entitlement to and eligibility for compensation. This result in an agency generated document of an appealable monetary determination provided to the potential claimant. Outstanding Loan Balance: Balance, as of the end of the quarter, of advances acquired by the state under Title XII of the Social Security Act (unpublished US Treasury reports). Nondurable Goods: Known as soft goods, nondurable goods refer to manufactured or processed items generally considered to last for a short time three years or less. The nondurable manufacturing industries include Food; Beverage & Tobacco Product; Textile Mills; Textile Product Mills; Apparel; Printing & Related Support Activities; Chemical; and Plastics & Rubber Products. North American Industry Classification (NAICS): An industrial classification system using a production-based framework, with special attention to new and emerging industries (service industries in general) and industries involved in advanced technology. It is an outgrowth of the North American Free Trade Act (NAFTA) and allows the collection and tabulation of industry-level data to measure the economic impact of employers shifting activities between Canada, Mexico and the United States. Classification is by major economic group or sector (two-digit), economic subsector (three-digit), industry group (four-digit), industry level (five-digit), and national industry level (six-digit, optional) in order of increasing detail. Conversion from Standard Industrial Classification system (SIC) to NAICS was a three-year cycle that began with data collected in CES industries are often combinations of several NAICS codes. Not Seasonally Adjusted: An economic time series that is not statistically adjusted to eliminate seasonal fluctuations such as weather, holidays and the opening and closing of schools. This data is not comparable month to month. All levels of civilian labor force and CES estimates have a not seasonally adjusted series. Part-time Workers: Persons who work less than 35 hours per week. Part-time Workers (Economic Reasons) Persons who work less than 35 hours weekly, but prefer to work full time. Part-time Workers (Noneconomic Reasons) Persons who prefer to work less than 35 hours a week (full time). Private Service Providing: Industries that include Trade, Transportation & Utilities; Information; Financial Activities; Professional & Business; Education & Health; Leisure & Hospitality; and Other Services. Government is not included. 16 August NC Today

20 Seasonally Adjusted: A statistical adjustment eliminating the influence of weather, holidays, the opening and closing of schools and other recurring seasonal events from an economic time series. By smoothing these seasonal fluctuations, the data is easier to compare month to month. Only the United States and North Carolina state civilian labor force and CES employment estimates are seasonally adjusted. Estimates for both series below the state level are unadjusted. Service Providing: Industries including Trade, Transportation & Utilities; Information; Financial Activities; Professional & Business; Education & Health; Leisure & Hospitality; Other Services and Government. Smoothed Seasonal Adjusted: Seasonally adjusted estimates that have incorporated a long-run trend smoothing procedure. This results in estimates that are less volatile and this smoothed seasonal adjustment procedure is now part of the LAUS estimation methodology. Survey Week: The week each month that includes the 12 th during which BLS conducts most of its surveys. Exception may be made in November and December when the survey week may be moved forward one week to avoid holiday collection and data problems. Unemployed: Persons having no employment during the week that includes the 12 th of the month, but were available for work, had made specific efforts to find employment during the four weeks prior, were waiting to be recalled to a job from which they had been laid off, or were waiting to report to a new job within 30 days. Unemployment Insurance: Unemployment insurance is a program for the accumulation of funds paid by employers, to be used for payment of unemployment insurance to workers during periods of job loss which is beyond their control. Unemployment insurance replaces a part of the worker s wage loss if he/she becomes eligible for payments. Unemployment Rate: The number of unemployed people as a percentage of the labor force [i.e., (unemployed/labor force) x 100]. Unemployment Compensation for Federal Employees (UCFE): Federally financed program to provide unemployment insurance benefits to federal civilian employees. Unemployment Compensation for Ex-Service Members (UCX): Federally financed program to provide unemployment insurance benefits to ex-service employees. Unemployment Trust Fund (UTF): A fund established in the Treasury of the United States which contains all monies deposited by state agencies to the credit of their unemployment fund accounts and federal unemployment taxes collected by the Internal Revenue Service. Weekly Benefit Amount (WBA): The weekly benefit amount for an individual who is totally unemployed is an amount equal to the wages paid to the individual in the last two completed quarters of the individual s base period divided by 52 and rounded to the next lower whole dollar. If this amount is less than $15.00, the individual is not eligible for benefits. The weekly benefit amount may not exceed $ The weekly benefit amount for an individual who is partially unemployed or part-totally employed is the amount the individual would receive if they were totally unemployed, reduced by the amount of any wages the individual receives in the benefit week in excess of twenty percent (20%) of the benefit amount applicable to total unemployment and rounded to the next lower whole dollar. Weeks Claimed: Weeks covered for which waiting period credit or payment of compensation is requested. Weeks Compensated: The number of weeks claimed for which Unemployment Insurance benefits are paid. August NC Today 17