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May 2010 North Carolina Employment At A Glance Civilian Labor Force North Carolina’s seasonally adjusted unemployment rate, at 10.3 percent, decreased 0.5 of a percentage point from the previous month. The rate was 10.9 percent in May 2009. At 10.3 percent, North Carolina’s unemployment rate is 0.6 percentage points higher than the United States’ 9.7 percent rate. The number of people employed increased over the month by 0.4 percent to 4,094,595, while the number of people unemployed fell 4.2 percent to 472,614. During May, North Carolina’s seasonally adjusted labor force participation rate decreased over the month to 63.3 percent, and the U.S. rate edged down 0.2 of a percentage point to 65.0 percent. Nonfarm Employment Seasonally adjusted Total Nonfarm employment gained 12,900 jobs over the month, while losing 3,300 since May 2009. Over the month, fi ve sectors experienced job growth: Government, 16,100; Professional & Business Services, 1,600; Trade, Transportation & Utilities, 1,300; Information, 500; and Financial Activities, 200. Losses were reported for the remaining sectors: Manufacturing, 2,900; Leisure & Hospitality Services, 2,700; Other Services, 500; Education & Health Services, 500; and Construction, 200. The major sectors to report over-the-year seasonally adjusted job increases were: Government, 39,900; Professional & Business Services, 11,200; Education & Health Services, 8,000; and Mining & Logging, 300. Not seasonally adjusted, four major sectors reported over-the-year job increases: Government, 36,200; Professional & Business Services, 13,300; Education & Health Services, 7,900; and Mining & Logging, 300. Construction reported the largest over-the-year job loss at 19,500, followed by Manufacturing at 19,000. This loss was seen in Computer & Electronic Product, 3,900; Furniture & Related Product, 3,600; Textiles, 3,500; Wood Product, 3,300; Food, 2,600; Machinery, 2,500; Fabricated Metal Product, 2,400; and Electrical Equipment, Appliance & Component, 2,100; Apparel, 1,400; Printing & Related Support Activities, 1,100; Plastics & Rubber Products, 1,000; Chemical, 900; and Transportation Equipment, 900. Beverage & Tobacco Product, at 400, had the only increase among the leading manufacturing sectors. Food remains North Carolina’s leading sector in manufacturing employment with 49,800. Chemical follows with 40,500. Other Information Average Hourly Earnings in North Carolina for manufacturing production workers increased by 9 cents in May to $16.12, while Average Weekly Hours gained 24 minutes to 40.7. North Carolina paid a total of $492.1 million in Unemployment Insurance benefi ts (all programs) to claimants in May. These payments include state and federally funded benefi ts. The number of Initial Claims fi led in North Carolina for Unemployment Insurance benefi ts fell in May to 56,007. Approximately $194.5 million was paid in regular UI benefi ts to 176,980 unemployed persons across the state. The average weekly benefi t amount was $291.38, which does not include the $25 Federal Additional Compensation (FAC) payment from The American Recovery and Reinvestment Act. The South Atlantic Region’s Total Compensation of $25.54 per hour worked is below the national average of $27.73 per hour worked in the fi rst quarter of 2010. Regional Wages and Salaries comprised 72.0 percent of Total Compensation, 70.6 percent nationally. North Carolina’s Economic Indicators during April 2010 showed very weak growth in the Coincident Indicators (0.4%) and mild growth in the Leading Indicators (1.2%). June 10 NC Today i i i June 10 NC Today Table Of Contents United States/North Carolina Labor Force Data, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 United States/North Carolina Unemployment Rates, May 2007-May 2010 . . .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 2 United States Labor Force, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 North Carolina Labor Force, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Number of North Carolina Unemployed by Reasons for Unemployment, May 2009-May 2010 . . . . . . . . . . . . . . . 3 North Carolina Unemployment Rate by Age Group, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Not in the North Carolina Labor Force Due to Discouragement or Other Reasons, May 2009-May 2010 . . . . . . . . 4 Unemployment Rates by State, April 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 North Carolina Unemployment Rates by County, April 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 North Carolina Industry Employment Statewide, May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 North Carolina Total Nonfarm Employment, January 1990-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 North Carolina Industries, May 2007 Compared to May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 North Carolina Manufacturing, January 1990-May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Employment Change in North Carolina Manufacturing Industries, Comparison of May 2007, 2009 & 2010 . . . . . 11 Manufacturing Production Workers’ Hours and Earnings, May 2009-May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Total Nonfarm Employment Percent Change by State, April 2009-April 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Percent Change in Total Nonfarm Employment by Metro, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Announced Business Closings and Permanent Layoffs, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14-15 New Business Openings, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 15 Monthly Change in North Carolina Coincident and Leading Indexes, April 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Comparison of Indexes and Their Components, January 2010 Compared to April 2010 . . . . . . . . . . . . . . . . . . . . . . 17 North Carolina Counties With the Highest Initial Claims Activity, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Compensation Per Hours Worked, South Atlantic Region/United States, 1st Qtr. 2010 . . . . . . . . . . . . . . . . . . . . . . 19 Glossary of Terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 June 10 NC Today iii Source: LAUS, LMI of ESC P Preliminary; R Revised; B Benchmarked Note: May not sum due to rounding. United States/North Carolina Labor Force Data May 2010 1 June 10 NC Today (Civilian Labor Force Estimates) Month Ago Year Ago MayP 2010 AprilR 2010 MayB 2009 Numeric Change Percent Change Numeric Change Percent Change North Carolina Seasonally Adjusted Labor Force 4,567,209 4,573,236 4,555,450 -6,027 -0.1 11,759 0.3 Employed 4,094,595 4,079,873 4,059,158 14,722 0.4 35,437 0.9 Unemployed 472,614 493,363 496,292 -20,749 -4.2 -23,678 -4.8 Unemployment Rate 10.3 10.8 10.9 -0.5 xxx -0.6 xxx Not Seasonally Adjusted Labor Force 4,547,316 4,549,897 4,564,157 -2,581 -0.1 -16,841 -0.4 Employed 4,096,669 4,090,171 4,068,912 6,498 0.2 27,757 0.7 Unemployed 450,647 459,726 495,245 -9,079 -2.0 -44,598 -9.0 Unemployment Rate 9.9 10.1 10.9 -0.2 xxx -1.0 xxx (Civilian Labor Force Estimates) Month Ago Year Ago May 2010 April 2010 May 2009 Numeric Change Percent Change Numeric Change Percent Change United States Seasonally Adjusted Labor Force 154,393,000 154,715,000 154,956,000 -322,000 -0.2 -563,000 -0.4 Employed 139,420,000 139,455,000 140,438,000 -35,000 0.0 -1,018,000 -0.7 Unemployed 14,973,000 15,260,000 14,518,000 -287,000 -1.9 455,000 3.1 Unemployment Rate 9.7 9.9 9.4 -0.2 xxx 0.3 xxx Not Seasonally Adjusted Labor Force 153,866,000 153,911,000 154,336,000 -45,000 0.0 -470,000 -0.3 Employed 139,497,000 139,302,000 140,363,000 195,000 0.1 -866,000 -0.6 Unemployed 14,369,000 14,609,000 13,973,000 -240,000 -1.6 396,000 2.8 Unemployment Rate 9.3 9.5 9.1 -0.2 xxx 0.2 xxx Seasonally adjusted, North Carolina’s civilian labor force declined slightly over the month as employment increased 0.4 percent and unemployment decreased 4.2 percent. The unemployment rate declined 0.5 of a percentage point to 10.3 percent. There was a slight decrease in the United States’ civilian labor force from April to May. Employment remained relatively unchanged while unemployed decreased 1.9 percent. The unemployment rate declined 0.2 of a percentage point to 9.7 percent. 152,500 153,250 154,000 154,750 155,500 US May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 (in thousands) 4,500 4,525 4,550 4,575 4,600 NC May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 (in thousands) June 10 NC Today 2 Source: LAUS, LMI of ESC; BLS Note: North Carolina data: May 2010 data are preliminary, other 2010 data are revised, while all other data are benchmarked. United States/north Carolina Unemployment Rates May 2007-May 2010 (Seasonally Adjusted) United States Labor Force May 2009-May 2010 (Seasonally adjusted) Source: LAUS, LMI of ESC; BLS Note: North Carolina data: May 2010 data are preliminary, other 2010 data are revised, while 2009 data are benchmarked. North Carolina Labor Force May 2009-May 2010 (Seasonally adjusted) 0% 2% 4% 6% 8% 10% 12% US NC May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 0% 2% 4% 6% 8% 10% 12% US NC Dec. 08 May 08 Dec. 07 May 07 Recession Beginning North Carolina’s seasonally adjusted labor force participation rate declined 0.2 of a percentage point over the month to 63.3 percent. The national rate mirrored North Carolina’s decrease with a rate of 65.0 percent. Twelve-month averaged data from the Current Population Survey (CPS) collected from approximately 1,500 North Carolina households show that North Carolina’s 16-to-19-year-olds’ civilian labor force declined 2.2 percent over the month. Employment and unemployment decreased 1.8 percent and 3.3 percent, respectively. Last year, the 16-to-19-year-olds experienced increases in the civilian labor force and employment while unemployment decreased. The 20-year-old & older’s civilian labor force and employment increased 0.2 percent and 0.3 percent, respectively. Unemployment remained relatively unchanged. 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 220,000 240,000 260,000 280,000 Job Losers Job Leavers New Entrants Re-Entrants May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 Number of North Carolina Unemployed by Reasons for Unemployment May 2009-May 2010 (12-Month Moving Average) Source: Labor Market Information Division (LMID), extracted from the North Carolina Current Population Survey (CPS). Note: Data are not seasonally adjusted and may not add due to rounding. Estimates are derived from a 12-month moving average of elements of North Carolina’s portion of the CPS, a monthly survey performed by the US Census Bureau (Census) for the US Bureau of Labor Statistics (BLS) and encompassing approximately 1,500 rotating households within North Carolina. This data is provided to North Carolina by BLS, but is not comparable to and does not take the place of offi cial BLS estimates published by the LMID. 3 June 10 NC Today 0% 5% 10% 15% 20% 25% 30% 20+ Unemployment Rate 16-19 Unemployment Rate May 10 April 10 March10 Feb.10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 Not Currently Looking (Other Reason) Not Currently Looking (Discouragement) May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 (in thousands) Source: Labor Market Information Division (LMID), extracted from the North Carolina Current Population Survey (CPS). Source: Labor Market Information Division (LMID), extracted from the North Carolina Current Population Survey (CPS). *Note: Data are not seasonally adjusted and may not add due to rounding. Estimates are derived from a 12-month moving average of elements of the CPS, a monthly survey performed by the US Census Bureau (Census) for the US Bureau of Labor Statistics (BLS) and encompassing approximately 1,500 rotating households within North Carolina. Data are provided to North Carolina by the BLS, but is not comparable to and does not take the place of offi cial BLS estimates published by the LMID. North Carolina Unemployment Rate by Age Group* May 2009-May 2010 (12-Month Moving Average) Not in the North Carolina Labor Force Due to Discouragement or Other Reasons* May 2009-May 2010 (Number of Persons, 12-Month Moving Average) 37,317 31,267 The averaged CPS data also shows that the percentage of individuals not in the labor force rose slightly from April 2010. Those not looking for work because of discouragement over job prospects increased 3.9 percent, while those not looking for other reasons decreased 0.8 percent. Job losers grew 0.4 percent while job leavers declined 2.3 percent. June 10 NC Today 4 There was little change to the states’ unemployment rates during April 2010. Thirty-four states and the District of Columbia recorded unemployment rate decreases, six increased and 10 states refl ected no change as reported by the U.S. Bureau of Labor Statistics. Michigan continues to have the highest unemployment rate among the states at 14.0 percent. Nevada (13.7%), California (12.6%), and Rhode Island (12.5%) reported the next highest rates. North Dakota continues to have the lowest unemployment rate of 3.8 percent, followed by South Dakota and Nebraska, 4.7 percent and 5.0 percent, respectively. All of North Carolina’s neighboring states experienced an unemployment rate decrease. South Carolina dropped 0.6 of a percentage point to 11.6 percent, while Georgia (10.4%), Tennessee (10.5%), and Virginia (7.2%) all declined 0.1 of a percentage point. 5 June 10 NC Today Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 6_10 MI Note: States April 2010 data are preliminary. NY 8.4 6.7 12.5 11.0 TX CA MT AZ ID NV NM CO IL OR UT KS WY NE IA SD MN ND FL OK WI MO AL WA GA AR LA IN PA NC MS TN VA KY OH SC ME WV VT NH NJ MA CT MD DE RI DC 8.3 7.1 9.5 8.7 12.6 8.0 7.1 7.3 9.1 7.2 6.5 13.7 5.0 4.7 3.8 6.6 9.4 10.6 9.2 6.9 8.5 7.8 8.4 6.7 9.0 10.4 11.2 12.0 7.2 11.0 11.5 10.8 8.1 10.5 14.0 10.9 10.6 10.0 9.2 11.6 7.5 6.4 6.7 9.2 9.8 9.0 9.0 AK HI Unemployment Rates By State, Seasonally Adjusted April 2010 U.S. Rate = 9.9% 11.7% to 14.0% 9.9% to 11.6% 7.9% to 9.8% 5.1% to 7.8% 3.8% to 5.0% Over the month, not seasonally adjusted unemployment rates decreased in 99 counties while one, Wilson County, had a slight rate increase from March to April 2010. Scotland County reported the highest unemployment rate of 15.8 percent, while Currituck County had the lowest at 5.8 percent. All 14 Metropolitan Statistical Areas experienced rate decreases. June 10 NC Today 6 Cherokee Graham Clay Macon Swain Jackson Haywood Transyl-vania Madison Buncombe Hender-son Polk Yancey Mitchell McDowell Rutherford Cleveland Burke Caldwell Avery Watauga Ashe Alleghany Wilkes Alex-ander Catawba Lincoln Gaston Meck-lenburg Iredell Surry Yadkin Davie Rowan Cabarrus Union Stanly Davidson Forsyth Stokes Rockingham Guilford Randolph Mont-gomery Anson Rich-mond Scot-land Moore Chatham Lee Ala-mance Orange Caswell Person Gran-ville Vance Durham Wake Harnett Hoke Robeson Columbus Bladen Cumberland Sampson Johnston Franklin Warren Halifax Northampton Nash Wilson Wayne Duplin Pender Brunswick New Hanover Onslow Jones Lenoir Greene Edge-combe Hertford Gates Bertie Martin Pitt Craven Carteret Pamlico Beaufort Hyde Tyrrell Wash-ington Camden Currituck Chowan Pasquotank Perquimans Dare < 8.3 8.0 7.5 8.5 9.2 9.7 8.1 8.0 7.1 9.2 11.7 11.5 10.7 8.2 8.6 9.5 11.4 9.7 10.3 10.6 10.5 8.6 9.4 12.8 12.5 10.2 8.6 10.4 9.2 11.9 10.5 9.2 13.0 12.1 15.2 5.9 11.9 11.3 10.1 8.0 12.0 11.9 13.8 10.0 10.3 8.9 11.9 13.3 14.8 8.6 10.0 9.4 7.1 12.9 14.5 10.5 13.2 13.6 10.0 10.1 11.9 11.0 12.6 11.6 11.3 10.7 7.6 5.8 11.7 7.4 12.8 10.6 10.7 9.3 11.9 10.7 9.2 10.7 9.2 12.4 12.1 10.5 10.4 9.2 10.1 8.4 9.7 11.2 12.2 7.3 9.1 8.4 15.8 14.1 12.7 12.3 10.6 10.8 10.4 10.0 North Carolina Rate 10.0% Not Seasonally Adjusted North Carolina Unemployment Rates by County April 2010 ^ ^ = 1 County Higher Than Previous Month 99 Counties Lower Than Previous Month 0 County Same as Previous Month April 2010 5.8% to 8.2% 8.3% to 9.7% 9.8% to 11.3% 11.4% to 13.3% 13.4% to 15.8% Note: April 2010 data are preliminary. Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 5_2010 7 June 10 NC Today Total Employment Net & Percent Change NAICS Industry MayP 2010 AprilR 2010 MayB 2009 From April 2010 From May 2009 Net Percent Net Percent Total Nonfarm 3,917.6 3,904.7 3,920.9 12.9 0.3% -3.3 -0.1% Mining & Logging 6.2 6.2 5.9 0.0 0.0% 0.3 5.1% Construction 171.9 172.1 194.5 -0.2 -0.1% -22.6 -11.6% Manufacturing 429.0 431.9 450.6 -2.9 -0.7% -21.6 -4.8% Durable Goods 218.4 220.2 233.3 -1.8 -0.8% -14.9 -6.4% Nondurable Goods 210.6 211.7 217.3 -1.1 -0.5% -6.7 -3.1% Trade, Transp. & Utilities 713.2 711.9 722.3 1.3 0.2% -9.1 -1.3% Wholesale Trade 162.2 163.8 166.9 -1.6 -1.0% -4.7 -2.8% Retail Trade 436.8 434.9 438.7 1.9 0.4% -1.9 -0.4% Transportation, Warehousing & Utilities 114.2 113.2 116.7 1.0 0.9% -2.5 -2.1% Information 69.3 68.8 70.2 0.5 0.7% -0.9 -1.3% Financial Activities 198.6 198.4 202.2 0.2 0.1% -3.6 -1.8% Finance & Insurance 148.1 148.6 153.1 -0.5 -0.3% -5.0 -3.3% Real Estate, Rental & Leasing 50.5 49.8 49.1 0.7 1.4% 1.4 2.9% Professional & Business Services 472.0 470.4 460.8 1.6 0.3% 11.2 2.4% Professional, Scientifi c & Technical Services 173.1 171.9 177.6 1.2 0.7% -4.5 -2.5% Mgmt. of Companies & Enterprises 72.0 72.5 72.6 -0.5 -0.7% -0.6 -0.8% Admin. & Support & Waste Mgmt. 226.9 226.0 210.6 0.9 0.4% 16.3 7.7% Education & Health Services 549.7 550.2 541.7 -0.5 -0.1% 8.0 1.5% Educational Services 85.0 83.8 79.5 1.2 1.4% 5.5 6.9% Health Care & Social Assistance 464.7 466.4 462.2 -1.7 -0.4% 2.5 0.5% Leisure & Hospitality Services 391.7 394.4 394.8 -2.7 -0.7% -3.1 -0.8% Arts, Entertainment & Recreation 52.3 53.5 57.3 -1.2 -2.2% -5.0 -8.7% Accommodation & Food Services 339.4 340.9 337.5 -1.5 -0.4% 1.9 0.6% Other Services 163.0 163.5 164.8 -0.5 -0.3% -1.8 -1.1% Government 753.0 736.9 713.1 16.1 2.2% 39.9 5.6% Federal 85.2 72.4 68.8 12.8 17.7% 16.4 23.8% State 206.0 204.4 199.4 1.6 0.8% 6.6 3.3% Local 461.8 460.1 444.9 1.7 0.4% 16.9 3.8% Source: CES, LMI of ESC P Preliminary; R Revised; B Benchmarked North Carolina Industry Employment Statewide May 2010 (Seasonally Adjusted, in Thousands) June 10 NC Today 8 2,500 3,000 3,500 4,000 4,500 Total Nonfarm Jan. 10 Jan. 09 Jan. 08 Jan. 07 Jan. 06 Jan. 05 Jan. 04 Jan. 03 Jan. 02 Jan. 01 Jan. 00 Jan. 99 Jan. 98 Jan. 97 Jan. 96 Jan. 95 Jan. 94 Jan. 93 Jan. 92 Jan. 91 Jan. 90 1990-1991 Recession 2001 Recession 2007 Recession North Carolina Total Nonfarm Employment January 1990-May 2010 (Seasonally Adjusted) Seasonally adjusted Total Nonfarm employment in North Carolina rose 12,900 (0.3%) jobs over the month, but decreased by 3,300 (0.1%) jobs over the year. The United States gained 431,000 (0.3%) Total Nonfarm jobs over the month, but lost 585,000 (0.4%) over the year. Among North Carolina’s industries, Government had the largest net (16,100) over-the-month increase. Manufacturing (2,900) and Leisure & Hospitality (2,700) had the largest net over-the-month decreases. The Service Providing sector, which includes all industries except Goods Producing (Mining & Logging, Construction, and Manufacturing), increased 40,600 jobs over the year. Goods Producing dropped 43,900 jobs over the year. Since the beginning of the 2007 national recession (December 2007), North Carolina has lost 251,900 (6.0%) Total Nonfarm jobs. Nationally, Total Nonfarm employment decreased 5.4 percent from December 2007 to May 2010. Industries with job losses since the beginning of the December 2007 recession are: • Manufacturing, 103,400 (19.4%) • Construction, 79,800 (31.7%) • Trade, Transportation & Utilities, 66,900 (8.6%) • Professional & Business Services, 34,600 (6.8%) • Financial Activities, 13,600 (6.4%) • Leisure & Hospitality, 13,400 (3.3%) • Other Services, 12,500 (7.1%) • Information, 2,900 (4.0%) • Mining & Logging, 700 (10.1%) The only industries with job gains since the beginning of the December 2007 recession are: • Government, 59,000 (8.5%) • Education & Health Services, 16,900 (3.2%) (in thousands) May 2010: 3,917,600 July 1990: 3,120,800 March 2001: 3,931,300 December 2007: 4,169,500 Source: CES, LMI of ESC Note: May 2010 data are preliminary, all other 2010 data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates July 1990-March 1991, March 2001-November 2001 and December 2007 to present. 9 June 10 NC Today North Carolina Industries May 2007 Compared to May 2010 (Seasonally Adjusted) Source: CES, LMI of ESC Note: 2010 data are preliminary, while 2007 data are benchmarked. Percentages may not sum due to rounding. 2007 Total Nonfarm: 4,140,000 2010 Total Nonfarm: 3,917,600 North Carolina’s seasonally adjusted Total Nonfarm employment has decreased by 222,400 (-5.4%) since May 2007. Government is currently the largest sector in North Carolina with 19.2 percent of total jobs, followed by Trade, Transportation & Utilities with 18.2 percent. The state’s industry composition has changed since May 2007 as it continues to shift from a manufacturing to a service economy. • Manufacturing dropped from 13.0 percent to 11.0 percent of Total Nonfarm employment. • Construction fell from 6.2 percent to 4.4 percent. • Government increased from 16.6 percent to 19.2 percent. • Education & Health Services grew from 12.6 percent to 14.0 percent • Trade, Transportation & Utilities decreased from 18.8 percent to 18.2 percent. • Leisure & Hospitality increased from 9.6 percent to 10.0 percent. • Professional & Business Services decreased slightly from 12.1 percent to 12.0 percent. • Other Services increased from 4.1 percent to 4.2 percent. • Financial Activities, Information, and Mining & Logging refl ected no percentage change. Mining & Logging 0.2% Government 16.6% Other Services 4.1% Leisure & Hospitality 9.6% Education & Health Services 12.6% Professional & Business Services 12.1% Financial Activities 5.1% Information 1.8% Trade, Transportation & Utilities 18.8% Manufacturing 13.0% Construction 6.2% Mining & Logging 0.2% Government 19.2% Other Services 4.2% Leisure & Hospitality 10.0% Education & Health Services 14.0% Professional & Business Services 12.0% Financial Activities 5.1% Information 1.8% Trade, Transportation & Utilities Manufacturing 18.2% 11.0% Construction 4.4% June 10 NC Today 10 400 600 800 1,000 Manufacturing Jan. 10 Jan. 09 Jan. 08 Jan. 07 Jan. 06 Jan. 05 Jan. 04 Jan. 03 Jan. 02 Jan. 01 Jan. 00 Jan. 99 Jan. 98 Jan. 97 Jan. 96 Jan. 95 Jan. 94 Jan. 93 Jan. 92 Jan. 91 Jan. 90 1990-1991 Recession 2001 Recession 2007 Recession Since the beginning of the 2007 national recession (December 2007), North Carolina has lost 103,400 (19.4%) manufacturing jobs. Of those, 65.8 percent were in Durable Goods and 34.2 percent in Nondurable Goods. The United States has lost 15.1 percent of its manufacturing jobs since the December 2007 recession — 74.2 percent in Durable Goods and 25.8 percent, Nondurable Goods. Not seasonally adjusted, Food was the industry with the largest number of manufacturing jobs (49,800) in North Carolina in May 2010, followed by Chemical Manufacturing (40,500) and Textile & Textile Product Mills (32,900). Beverage & Tobacco (400) had the only increase over the year among the not seasonally adjusted leading manufacturing sectors. The eight largest net over-the-year manufacturing declines were: • Computer & Electronic Product, 3,900 (10.7%) • Furniture & Related Product, 3,600 (10.2%) • Textile Mills & Textile Product Mills, 3,500 (9.6%) • Wood Product, 3,300 (19.9%) • Food, 2,600 (5.0%) • Machinery, 2,500 (9.3%) • Fabricated Metal, 2,400 (7.1%) • Electrical Equipment, Appliance, & Component, 2,100 (9.5%) Those manufacturing industries with smaller losses were: • Apparel, 1,400 (11.3%) • Printing & Related Support Activities, 1,100 (8.5%) • Plastics & Rubber, 1,000 (3.5%) • Chemical, 900 (2.2%) • Transportation Equipment, 900 (3.5%) (in thousands) North Carolina Manufacturing January 1990-May 2010 (Seasonally adjusted) Source: CES, LMI of ESC Note: May 2010 data are preliminary, all other 2010 data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates July 1990-March 1991, March 2001-November 2001 and December 2007 to present. July 1990: 822,200 March 2001: 727,800 December 2007: 532,400 May 2010: 429,000 Source: CES, LMI of ESC Note: May 2010 data are preliminary, all other data are revised. Data are not adjusted for infl ation, or seasonality and refer to production workers only. Manufacturing Hours and Earnings are based on gross payrolls and corresponding paid hours and include overtime, shift premiums, vacation and holiday pay, and other leave payments made directly by the employer to employees for the pay period reported. The data excludes bonuses, commissions and lump-sum payments unless earned and paid regularly during each pay period. Hours relate to the hours for which pay was received and does include overtime. 11 June 10 NC Today Over the month, Manufacturing production workers’ Average Hourly Earnings increased $0.09. Average Weekly Earnings rose $10.07 and Average Weekly Hours increased 0.4 (24 minutes). Durable Goods’ Average Hourly Earnings increased $0.08 over the month. Average Weekly Earnings rose $6.49, and Average Weekly Hours increased 0.2 (12 minutes). Over the month, Nondurable Goods’ Average Hourly Earnings increased $0.09. Average Weekly Earnings rose $9.96, and Average Weekly Hours increased 0.4 (24 minutes). Manufacturing Production Hours and Earnings May 2009-May 2010 (Not Seasonally adjusted) Average Weekly Hours Average Hourly Earnings Average Weekly Earnings May 2010 40.7 $16.12 $656.08 April 2010 40.3 $16.03 $646.01 March 2010 40.0 $15.94 $637.60 February 2010 39.6 $16.00 $633.60 January 2010 40.0 $16.00 $640.00 December 2009 40.1 $15.88 $636.79 November 2009 39.4 $15.95 $628.43 October 2009 39.1 $15.95 $623.65 September 2009 38.9 $16.03 $623.57 August 2009 39.0 $15.92 $620.88 July 2009 38.7 $15.90 $615.33 June 2009 39.2 $15.76 $617.79 May 2009 38.6 $15.66 $604.48 Employment Change in North Carolina Manufacturing Industries Comparison of May 2007, May 2009 & May 2010 (Not seasonally adjusted) Source: CES, LMI of ESC Note: 2010 data are preliminary, while 2007 & 2009 data are benchmarked. *Textiles is comprised of Textile Mills and Textile Product Mills. (in thousands) 0 20 40 60 80 May 2007 May 2009 May 2010 Plastics & Rubber Chemical Printing Apparel Mfg. *Textiles Beverages & Tobacco Product Food Furniture & Related Product Transportation Equipment Electrical Equipment & Appliances Computers & Electronic Product Machinery Fabricated Metal Product Wood Product June 10 NC Today 12 Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 6_10 Note: April 2010 data are preliminary, while April 2009 data are benchmarked. VT 1.0 -0.8 HI -2.7 1.4 TX CA MT AZ ID NV NM CO IL OR UT KS WY IA NE SD MN ND FL OK WI MO AL WA GA AR LA MI IN PA NC NY MS TN VA KY OH SC ME WV NH NJ MA CT MD DE RI DC -0.4 -2.5 -1.2 -2.0 -1.8 -3.5 -2.6 -2.4 -1.8 1.6 -0.8 -1.2 -1.5 -1.6 -0.6 -0.3 -1.7 -0.9 -1.7 -2.4 -1.6 -1.6 -0.8 -1.4 -1.2 -1.8 -0.9 -1.5 -0.5 -1.1 -0.5 -1.0 -1.9 -1.4 -0.3 -0.5 -0.1 -2.2 -0.6 -1.2 -0.7 -1.3 -0.5 -0.8 -1.2 -0.9 -1.2 Total Nonfarm Employment Percent Change By State, Seasonally Adjusted, April 2009-April 2010 Percent Change -3.5% to -2.4% -2.3% to -1.5% -1.4% to -0.9% -0.8% to -0.1% 0.0% to 1.6% AK Pitt Wake Hyde Duplin Bladen Bertie Pender Wilkes Beaufort Moore Onslow Union Halifax Craven Robeson Nash Surry Sampson Iredell Columbus Swain Burke Carteret Johnston Brunswick Ashe Guilford Anson Randolph Harnett Wayne Jones Chatham Macon Rowan Hoke Martin Tyrrell Dare Lee Stokes Stanly Lenoir Franklin Warren Buncombe Granville Davidson Jackson Haywood Gates Person Caldwell Wilson Forsyth Caswell Polk Orange Cumberland Madison Rutherford Pamlico Yadkin Gaston Clay Cherokee Cleveland Catawba Davie Rockingham McDowell Vance Hertford Avery Lincoln Yancey Northampton Edgecombe Graham Cabarrus Greene Watauga Washington Alleghany Rich mond Alamance Meck lenburg Mont gomery Durham Scotland Currituck Hender son Camden Transyl vania Mitchell Alexander Chowan Per quimans Pasquotank New Hanover Percent Change in Total Nonfarm Employment by Metro Not Seasonally Adjusted, May 2009-May 2010 -1.0% to -2.0% -0.1% to -0.9% 0.0% to 2.9% Asheville Metro Goldsboro Metro Charlotte/Gastonia/ Rock Hill NC-SC Durham/Chapel Hill Metro Fayetteville Metro Burlington Metro Greensboro- High Point Metro Greenville Metro Hickory/Lenoir/ Morganton Metro Jacksonville Metro Wilmington Metro Raleigh/Cary Metro Rocky Mount Metro Winston-Salem Metro -1.9 0.2 -2.3 -0.6 -0.8 3.3 -1.8 0.5 -0.6 -3.1 -0.2 -0.3 -0.4 -1.1 Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 6_2010 Note: May 2009 data are benchmarked, while May 2010 data are preliminary. -2.1% to -3.1% 3.0% to 3.3% 13 June 10 NC Today June 10 NC Today 14 County Company Product Individuals Affected* Reason Closing/Layoff Buncombe Saint-Gobain Abrasives Abrasives Manufacturing 39 Production to S.C. Closed Western N.C. Community Health Health Services 11 Budget Cuts Layoff Craven Hollywood Video Video Rentals 10 Bankruptcy Closing Cumberland Goodyear Tire & Rubber Co. Tire Manufacturing 70 Production Cut Layoff Rockola Grille Restaurant 38 Property Redevelopment Closing Davidson Foam-Tech Inc. Polyurethane Components 25 Financial Diffi culty Closing Durham Pfi zer Inc. Chemicals 50 Restructuring Layoff Fuddruckers Restaurant 21 Not Stated Closing Forsyth Goober’s 52 Restaurant 24 Not Stated Closing Hero House Restaurant 16 Not Stated Closing Franklin Murphy House Restaurant 29 Economic Conditions Closing Guilford Gate City Chop House Restaurant 50 Not Stated Closing Dixon Hughes PLLC Accounting Firm 26 Consolidation/High Point Closing Grant Thornton CPA Firm 30 Relocation/Charlotte/ Raleigh Closing Halifax Safelite Auto Glass Auto Glass 46 Dist. Center Relocation/ GA Closing Jackson Stonewall Packaging LLC Cardboard Manufacturing 43 Lost Contract Closing Lee Pfi zer Inc. Pharmaceuticals 400 Acquisition Layoff Mecklenburg Cooper Wiring Devices Wiring Devices 82 Product Storage to Memphis Closing Comco Signs Inc. Sign Manufacturing 22 Bankruptcy Closing Reid’s Fine Foods Grocery Store 34 Slow Sales/ Economy Closing Las Ramblas Restaurant 21 Property Redevelopment Closing Town of Davidson Inc. Town Government 19 Restructuring Layoff New Hanover New Liverpool Deli Restaurant 10 Property Sold Closing Onslow Hollywood Video Video Rentals 14 Bankruptcty Closing Pasquotank Outer Banks Harley-Davidson Motorcycle Sales 23 Merger Closing Randolph Movie Gallery Video Rentals 10 Bankruptcy Closing Rowan Uti Integrated Logistics Inc. Logistics, Warehousing 53 Lost Contract/Invista Layoff 1The data available are derived from a statewide survey of newspaper accounts of closings and layoffs, and from information supplied to the Employment Security Commission of North Carolina (ESC) by the employing units experiencing layoffs. The data are not all inclusive and do not meet Labor Market Information Division standards for accuracy. ESC staff members do not analyze or evaluate the accuracy of these reports. * ‘Individuals Affected’ represents numbers reported by media sources only. Actual numbers may differ. The table shows only closings where individuals ‘Affected’ are stated as 10 or more. For more information, visit http://eslmi23.esc.state.nc.nc.us/masslayoff/ Announced Business Closings and Permanent Layoffs1 May 2010 15 June 10 NC Today County Company Product Possible Job Openings City Estimated Opening Date Burke VSA Recycled Automotive Parts 98 Morganton 1/1/2012 Caldwell Advanced Textile Solutions Inc. Military Apparel 127 Saw Mills 1/1/2013 Cleveland Telerx Customer Service 60 Kings Mountain 5/28/2010 Craven Ribeyes Steakhouse Restaurant 25 New Bern 6/30/2010 Durham IEM Management Firm 41 Research Triangle Park 12/31/2010 Guilford Bin 33 Restaurant 50 Greensboro 7/1/2010 Moses Cone Health System Hospital 25 Greensboro 5/17/2010 Lee Frontier Spinning Mills Yarn Maker 45 Sanford 1/1/2011 McDowell Bojangles Fast Food Restaurant 60 Marion 6/10/2010 Mecklenburg Convergys Corp. Customer Service 200 Charlotte 7/1/2010 Citco Fund Services Financial Services 258 Charlotte 12/31/2014 Morgan Stanley & Co. Financial Services 50 Charlotte 10/1/2010 Hewitt Associates Human Resource Services 463 Charlotte 1/1/2013 Rockingham WhiteRidge Plastics LLC Custom Molded Plastic Parts 55 Reidsville 1/1/2013 Wake John Deere & Co. Agricultural Equipment Maker 90 Cary 9/1/2010 TearScience Medical Device Company 15 Morrisville 12/31/2010 Embassy Suites Hotel 80 Raleigh 6/4/2010 Cafe’ Caturra Restaurant 40 Raleigh 5/24/2010 New Business Openings1 May 2010 1The data shown are derived from a statewide survey of newspaper accounts of business openings, and from information supplied to the Employment Security Commission of North Carolina (ESC) by the employing units. Data are not all inclusive and ESC staff do not analyze or evaluate the accuracy of these reports. Announced Business Closings and Permanent Layoffs1 May 2010 - Continued County Company Product Individuals Affected* Reason Closing/Layoff Wake Buckhead Saloon Bar 19 Not Stated Closing Camille’s Sidewalk Cafe’ (Brier Creek) Restaurant 22 Bankruptcy Closing Golden Corral (Glenwood) Restaurant 60 Demolition/Rebuild Closing Fuddruckers Restaurant 19 Not Stated Closing Panopolie Craft Store 11 Consolidation/Ornamentea Closing Icarus Studios Video Games 75 Restructuring Layoff ZeeCRO Clinical Research 29 Not Stated Closing 1The data available are derived from a statewide survey of newspaper accounts of closings and layoffs, and from information supplied to the Employment Security Commission of North Carolina (ESC) by the employing units experiencing layoffs. The data are not all inclusive and do not meet Labor Market Information Division standards for accuracy. ESC staff members do not analyze or evaluate the accuracy of these reports. * ‘Individuals Affected’ represents numbers reported by media sources only. Actual numbers may differ. The table shows only closings where individuals ‘Affected’ are stated as 10 or more. For more information, visit http://eslmi23.esc.state.nc.nc.us/masslayoff/ June 10 NC Today 16 Growth Growth Growth Mild Moderate Strong Strong Moderate Mild Decline Decline Decline Very Weak decline / growth +1.2% +2.5% +1.5% -0.5% +0.5% -1.5% -2.5% Growth Growth Growth Mild Moderate Strong Strong Moderate Mild Decline Decline Decline Very Weak decline / growth +0.4% +2.5% +1.5% -0.5% +0.5% -1.5% -2.5% The state’s Coincident Index showed an increase of 0.5 percent between March and April 2010. Five components of the Coincident Index improved from the previous month — Richmond Manufacturing Index increased by 400 percent, from 6.0 to 30.0; NC Average Hours Worked in Manufacturing grew by 1.0 percent; NC Unemployment Rate decreased by 0.3 percentage point (inverse effect); number of jobs in the Nonagricultural sector rose by 0.3 percent; and CPI South decreased by 0.1 percent (inverse effect). The only component of the Coincident Index to report a negative change from the previous month was NC Taxable Retail Sales, which decreased by 1.8 percent. The six-month percentage change for the Coincident Index reported very weak growth. Leading Index Mild Growth Coincident Index Very Weak Growth Change in North Carolina Coincident and Leading Indexes April 2010 (Seasonally adjusted) Source: LMI of ESC; Coincident Index percent is fi gured by taking the percent change of October 2009 (95.6) to April 2010 (96.0). Leading Index percent is fi gured by taking the percent change of October 2009 (96.4) to April 2010 (97.6). 17 June 10 NC Today The state’s Leading Index between March and April 2010 increased by 0.5 percent. Six of seven components of the Leading index had positive contributions to the index: Initial Claims dropped by 15.8 percent (inverse effect); New Orders for Nondefense Capital Goods increased by 9.2 percent; New Orders for Total Capital Goods grew by 7.4 percent; Average Hours Worked in Manufacturing increased by 1.0 percent; the Coincident Index rose by 0.5 percent; and NC-Based Companies’ Average Stock Price grew by 0.2 percent. The only component of the Leading Index that reported a negative change from the previous month was Applications for Building Permits, which declined by 9.1 percent. The six-month percentage change for the Leading Index reported mild growth for the last three months. April 2010 March 2010 Difference* Percent Change Coincident Index Composite (2000=100) 96.0 95.5 0.5 0.5 CPI (South US) 211.5 211.8 -0.3 -0.1 Richmond Manufacturing Index 30.0 6.0 24.0 400.0 NC Unemployment Rate 10.8% 11.1% -0.3 - NC Taxable Retail Sales (in millions) 7,826.7 7,970.3 -143.6 -1.8 NC Nonagricultural Employment (in thousands) 3,904.7 3,894.5 10.2 0.3 NC Average Hours Worked in Manufacturing (Production Only) 40.6 40.2 0.4 1.0 Six Months Percentage Change October 2009 (95.6) to April 2010 (96.0) 0.4 (Very Weak Growth) April 2010 March 2010 Difference* Percent Change Leading Index Composite (2000=100) 97.6 97.1 0.5 0.5 NC-Based Companies’ Average Stock Price 41.6 41.5 0.1 0.2 NC UI Initial Claims 66,109 78,520 -12,411 -15.8 US New Orders for Nondefense Capital Goods (in millions) 66,075 60,530 5,545 9.2 NC Building Permits 3,065 3,371 -306 -9.1 Coincident Index 96.0 95.5 0.5 0.5 US New Orders for Total Capital Goods (in millions) 76,813 71,501 5,312 7.4 Six Months Percentage Change October 2009 (96.4) to April 2010 (97.6) 1.2 (Mild Growth) Comparison of Indexes and their components (Seasonally adjusted) Note: Data has been seasonally adjusted. *Except where indicated, monthly values have been rounded to the tenth and differences, as well as percentage changes, are based on actual values. June 10 NC Today 18 The NC Employment Security Commission (ESC) paid $492,117,034 in Unemployment Insurance (UI) Benefi ts to unemployed claimants across North Carolina during May 2010. These payments include state and federally funded benefi ts. The state of North Carolina paid $194,535,924 in regular UI benefi ts to 176,980 individuals during the month, a decrease of 13,331 claimants since April 2010. The average UI weekly benefi t amount was $291.38 (maximum weekly benefi t is $505). Regular UI Initial Claims fi led during May 2010 totaled 56,007. This compares to 59,971 during April 2010. Of these claims, 23,836 or 43 percent remained attached to the employer’s payroll. Approximately 58 percent of regular UI Initial Claims fi led during May 2010 were New Initial Claims — a decrease of 2,853 from the prior month. Attached claims accounted for approximately 16 percent. Five of the state’s counties — Mecklenburg, Wake, Guilford, Catawba and Forsyth — accounted for 26 percent of regular UI Initial Claims fi led. Five of the state’s counties — Mecklenburg, Wake, Guilford, Forsyth and Gaston — accounted for 31 percent of regular UI benefi ts received during the period. During May 2010, the NC UI Trust and State Reserve Funds collected $322,497,632 in UI taxes and reported no interest. The UI Trust Fund ending May 2010 had a negative balance of $2.2 billion, with a State Reserve balance of $81.6 million. For May 2010, the UI Trust Fund had a federal loan balance of $2.2 billion. During May 2010, 22,860 Emergency Unemployment Compensation (EUC08) Initial Claims were fi led, of which 22,484 were New Claims. During the same period, 414,581 weeks were compensated for EUC08 benefi ts; 186,683 weeks for EUC II benefi ts; 143,327 weeks for EUC III, and 72,327 weeks for EUC IV. EUC Initial Claims are not included in the UI Regular Initial Claims counts. A total of $124,298,822 was paid in EUC08 benefi ts, $52,842,763 was paid in EUC II benefi ts, $38,549,289 was paid in EUC III benefi ts, and $17,912,248 was paid in EUC IV benefi ts. These benefi ts were paid through federal dollars. During May 2010, 6,917 Extended Benefi ts (EB) Initial Claims were fi led, of which 6,817 were New Claims. During the same period, 84,052 weeks were compensated for EB benefi ts. EB Initial Claims are not included in the UI Regular Initial Claims. During May 2010, $21,222,863 was paid in total EB benefi ts. EB benefi ts are paid through state, federal, and stimulus recovery funding sources. During May 2010, $549,774 was paid in Unemployment Compensation for Federal Employees (UCFE) benefi ts, $4,321,119 in Unemployment Compensation for Ex-Service Members (UCX) benefi ts, and $37,884,232 in Federal Additional Compensation (FAC) benefi ts. Source: ES-UI, LMI of ESC Note: ‘Initial Claims’ represent transactions and not individuals. *Does not include Extended Benefi ts. North Carolina Counties with the Highest Initial Claims Activity May 2010 Transactions Individuals County Initial Claims Attached To Payroll Female African- American White 45 Years and Older Regular UI Benefi ts* MECKLENBURG 4,569 988 2,021 2,105 1,677 1,485 $21,792,355 WAKE 3,424 737 1,504 1,299 1,556 1,185 $17,220,721 GUILFORD 2,968 1,288 1,247 1,417 1,086 1,102 $10,610,864 CATAWBA 1,868 1,284 743 163 1,319 878 $4,090,811 FORSYTH 1,862 698 787 686 763 690 $6,646,004 DAVIDSON 1,514 916 499 176 989 632 $3,530,608 RANDOLPH 1,506 1,095 470 87 941 576 $2,916,531 GASTON 1,457 651 532 252 1,014 533 $4,873,920 CUMBERLAND 1,381 248 683 771 409 434 $3,723,457 DURHAM 1,230 384 559 729 264 390 $4,417,286 South Atlantic United States Cost Percent Cost Percent Total Compensation $25.54 100.0% $27.73 100.0% Wages and Salaries $18.38 72.0% $19.58 70.6% Total Benefi ts $7.16 28.0% $8.15 29.4% Paid Leave $1.70 6.6% $1.88 6.8% Vacation $0.85 3.3% $0.96 3.5% Holiday $0.55 2.1% $0.60 2.2% Sick $0.21 0.8% $0.23 0.8% Personal $0.08 0.3% $0.09 0.3% Supplemental Pay $0.63 2.5% $0.81 2.9% Overtime and Premium1 $0.24 0.9% $0.26 0.9% Shift Differentials $0.07 0.3% $0.07 0.2% Nonproduction Bonuses $0.32 1.2% $0.48 1.7% Insurance $1.96 7.7% $2.22 8.0% Life $0.04 0.2% $0.04 0.2% Health $1.83 7.2% $2.08 7.5% Short-Term Disability $0.05 0.2% $0.05 0.2% Long-Term Disability $0.04 0.2% $0.04 0.2% Retirement and Savings $0.83 3.2% $0.96 3.5% Defi ned Benefi ts $0.30 1.2% $0.41 1.5% Defi ned Contribution $0.53 2.1% $0.55 2.0% Legally Required Benefi ts $2.05 8.0% $2.28 8.2% Social Security and Medicare $1.54 6.0% $1.64 5.9% Social Security2 $1.24 4.9% $1.32 4.8% Medicare $0.30 1.2% $0.32 1.2% Federal Unemployment Insurance $0.03 0.1% $0.03 0.1% State Unemployment Insurance $0.10 0.4% $0.17 0.6% Workers’ Compensation $0.38 1.5% $0.44 1.6% Compensation Per Hours Worked South Atlantic Region/United States 1st Quarter 2010 Source: Bureau of Labor Statistics, Employer Cost for Employee Compensation. 1Includes premium pay for work in addition to the regular work schedule (such as overtime, weekends and holidays). 2Comprises the Old-Age, Survivors and Disability Insurance (OASDI) program. Note: May not sum due to rounding. Not adjusted for infl ation. 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. • The South Atlantic Region’s Total Compensation of $25.54 per hour worked in 1st Qtr. 2010 is below the national average of $27.73 per hour worked. • Wages and Salaries reported during 1st Qtr. 2010 for the South Atlantic comprised 72.0 percent of Total Compensation. Nationally, Wages and Salaries comprised 70.6 percent. • The Region’s Retirement and Savings cost $0.83 and made up 3.2 percent of Total Compensation. Retirement and Savings averaged $0.96 (3.5%) nationally. • Legally Required Benefi ts was 8.0 percent of Total Compensation for the Region, which is less than the 8.2 percent reported nationally. Social Security and Medicare are now 6.0 percent of Total Compensation compared to 5.9 percent nationally. • At $1.83, Health Insurance Benefi ts comprised 7.2 percent of Total Compensation (or 25.6% of Total Benefi ts) in 1st Qtr. 2010, while comprising 7.5 percent (25.5% of Total Benefi ts) nationally. 19 June 10 NC Today Announced Business Closings/Layoffs: Data derived from a statewide survey of newspaper accounts of closings and layoffs, and from information supplied to the North Carolina Employment Security Commission (ESC) by the employing units experiencing the layoffs. The data is not inclusive and is not analyzed or evaluated for accuracy. Average Hourly Earnings: The average hourly earnings of all workers in selected industries. Earnings are calculated monthly from data collected through the Current Employment Statistics (CES) Program. Average Weekly Hours: The average hours worked in a week for all workers in selected industries. They are calculated monthly from data collected through the Current Employment Statistics (CES) Program. Benchmark: The annual process of re-estimating statistics as more complete information becomes available. Estimates are usually calculated using only a sample of the universe (total count). Benchmarking introduces new levels as points of reference (either estimates or counts) from which measurements and/or adjustments to estimates are based. Both industry employment collected by the Current Employment Statistics (CES) program and civilian labor force estimates provided by the Local Area Unemployment Statistics (LAUS) program are benchmarked. Bureau of Labor Statistics (BLS): The federal agency that functions as the principal data-gathering source for labor economics for the federal government. As a part of the U.S. Department of Labor and in partnership with state agencies, the BLS collects, processes, analyzes, and disseminates data relating to employment, unemployment, the labor force, productivity, prices, family expenditures, wages, industrial relations, and occupational safety and health. Civilian Labor Force: All persons in the civilian noninstitutional population (e.g., not on active duty in the Armed Forces, residing in penal, mental facilities or homes for the aged), 16 years of age and older and classifi ed as either employed or unemployed. These estimates are calculated based on residency, not work location. Civilian Noninstitutional Population: All persons 16 years of age and older who reside in the United States, are not institutionalized or on active duty in the Armed Forces. Coincident Index: A tool that indicates the current economic conditions for the state. The index is seasonally adjusted and consists of six variables: North Carolina’s Total Nonagricultural Employment, NC Taxable Retail Sales, Richmond Manufacturing Index, NC Unemployment Rate, NC Average Hours Manufacturing (production only), and the Consumer Price Index (CPI) for Southern Region, which adjusts Real Retail Sales by taking into account infl ation. Consumer Price Index (CPI): A report produced by the U.S. Bureau of Labor Statistics that measures infl ation by comparing monthly costs paid by urban consumers for a basket of goods and services. Current Employment Statistics (CES): A federal Bureau of Labor Statistics (BLS)/state Employment Security Commission (ESC) cooperative program which performs a monthly survey of approximately 12,000 businesses in North Carolina that collects information as to the number of jobs on the payroll during the week that includes the 12th of that month. This data, which represents employment by industry division, are commonly referred to as the “establishment survey,” “industry employment” or the “wage and salary employment series.” Each month, the CES program releases preliminary employment and hours and earnings data for the prior month and revised data for the month preceding the prior month. Estimates are benchmarked annually at the beginning of each to refl ect additional data collection. Estimates are calculated based on work location, not residency. Individuals who hold more than one job could be counted more than once. Current Population Survey (CPS) or “Household Survey”: A monthly household survey conducted by the Census Bureau for the Bureau of Labor Statistics (BLS). The information gathered from a sample of about 60,000 households nationally (approximately 1,500 households in North Carolina) is designed to be a representation of the civilian noninstitutional population aged 16 years and older and is used in calculating estimates of the civilian labor force, employment, unemployment and the unemployment rate for all states. Unlike the CES survey, individuals who participate in this survey and who are working at more than one job, are counted as employed only once. Discouraged Workers (Current Population Survey): Persons not in the labor force who want and are available for a job, and who have looked for work sometime in the past 12 months (or since the end of their last job if held within the past 12 months), but who are not currently looking because they believe there are no jobs available or there are none for which they would qualify. Glossary of Terms June 10 NC Today 20 Durable Goods: Known as “hard goods,” the term refers to manufactured or processed items generally considered to have a normal life expectancy of three years or more. The durable goods manufacturing industries are: Furniture & Related Product; Wood Product; Nonmetallic Mineral Product; Fabricated Metal Product; Machinery; Computer & Electronic Product; Electrical Equipment & Appliance, Transportation Equipment and Furniture & Related Product. Economic Indicators: Key statistics showing the direction of the economy. Among them are the unemployment insurance claims, infl ation rate, factory utilization rate and balance of trade. They also include measurements of various economic and business movements and activities of a community (e.g. employment, unemployment, hours worked, income, savings, volume of building permits and volume of sales) whose fl uctuations affect and may be used to determine overall economic trends. 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 12th day of the month. The data exclude proprietors, the unincorporated self-employed, unpaid volunteer or family workers, farm workers, and domestic workers. Salaried offi cers 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 fi rm), 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 12th 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. 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 Classifi cation System (NAICS) groups similar establishments into industries. Initial Claim: Includes new and additional initial claims. An additional initial claim is a subsequent initial claim fi led to reopen a claim series during an existing benefi t 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. Job Leavers: An unemployment category describing individuals who quit or otherwise terminate their employment voluntarily and immediately begin looking for work. Job Losers: An unemployment category describing persons (a) who are on temporary layoff, who have been given a date to return to work or who expect to return within six months or (b) whose employment ended voluntarily and began looking for work. 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). 21 June 10 NC Today Labor Market Information (LMI): A term used to describe the delivery of labor force, employment, unemployment, wage, supply and demand, occupational, industrial and economic and demographic data for the analysis of manpower problems. Labor Supply: The number of workers who are unemployed and seeking work, or who would seek employment if they believed jobs were available. Layoff: Suspension from pay by the company for reasons such as lack of orders, plant breakdown, and shortage of materials or termination of seasonal or temporary employment. Leading Index: A tool that predicts future changes in the state’s economy. The seven variables included in the index are seasonally adjusted and consist of the Coincident Index, the North Carolina-Based Companies’ Average Stock Price, the state’s Average Hours in Manufacturing (production only), Initial Unemployment Insurance Claims, Residential Building Permits (statewide), and two indicators of the national economy: New Orders for Total Capital Goods and New Orders for Nondefense Goods. Local Area Unemployment Statistics (LAUS): A federal Bureau of Labor Statistics (BLS)/state Employment Security Commission (ESC) 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. Metropolitan Statistical Area (Metro): A federal Offi ce of Management and Budget (OMB) defi ned area having at least one urbanized area with a population of 50,000 or more. Metros 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 Metros consisting of 39 counties. New Business Openings: Data derived from a statewide survey of newspaper accounts of new business openings and from information supplied to the North Carolina Employment Security Commission (ESC) by the new employing units. The data is not inclusive and is not analyzed or evaluated for accuracy. New Claimants: The fi rst initial claim fi led in person, by mail, telephone, or other means within a benefi t year to request a determination of entitlement and compensation. This results in an agency-generated document of an appealable determination provided to the potential claimant. New Entrants: An unemployment category comprised of individuals who have never worked. 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 Products; Textiles; Apparel; Paper; Printing; Chemical; and Plastics & Rubber Manufacturing. North American Industry Classifi cation (NAICS): An industrial classifi cation 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. Classifi cation is by major economic group or sector (two-digit), economic subsector (three-digit), industry group (four-digit), international industry level (fi ve-digit), and national industry level (six-digit, optional) in order of increasing detail. Conversion from Standard Industrial Classifi cation system (SIC) to NAICS was a three-year cycle that began with data collected in 1999. CES industries are often combinations of several NAICS codes. Not in the Labor Force-Other Reasons: Individuals who are not counted as unemployed because they are not actively seeking work for such reasons as school, family responsibilities, ill health or transportation problems. Not Seasonally Adjusted: An economic time series that is not statistically adjusted to eliminate seasonal fl uctuations 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. Race (White, Black or African American, and Asian): Terms used to describe the identity of respondents to the Current Population Survey (CPS). Individuals in these categories are those who selected that race group only. Others who selected the remaining groups (American Indian, Alaska Native, Native Hawaiian or Other Pacifi c Islanders) or selected more than one race category are included in the total labor force estimates, but are not shown separately because the number of respondents is too small to develop estimates. June 10 NC Today 22 Re-entrants: An unemployment category comprised of individuals who previously worked, but who have been out of the labor force prior to beginning their most recent job search. Seasonally Adjusted: A statistical adjustment eliminating the infl uence of weather, holidays, the opening and closing of schools and other recurring seasonal events from an economic time series. By smoothing these seasonal fl uctuations, 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; Educational & Health; Leisure & Hospitality; Other and Government. Survey Week: The week each month that includes the 12th 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 12th of the month, but were available for work, had made specifi c efforts to fi nd 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]. Weeks Claimed: Weeks covered for which waiting period credit or payment of compensation is requested. 23 June 10 NC Today Prepared By: Employment Security Commission of North Carolina (ESC), Labor Market Information Division (LMI) www.ncesc.com
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Title | North Carolina today |
Other Title | North Carolina today (North Carolina. Labor Market Information Division); NC today |
Date | 2010-06 |
Description | June 2010 |
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Full Text | May 2010 North Carolina Employment At A Glance Civilian Labor Force North Carolina’s seasonally adjusted unemployment rate, at 10.3 percent, decreased 0.5 of a percentage point from the previous month. The rate was 10.9 percent in May 2009. At 10.3 percent, North Carolina’s unemployment rate is 0.6 percentage points higher than the United States’ 9.7 percent rate. The number of people employed increased over the month by 0.4 percent to 4,094,595, while the number of people unemployed fell 4.2 percent to 472,614. During May, North Carolina’s seasonally adjusted labor force participation rate decreased over the month to 63.3 percent, and the U.S. rate edged down 0.2 of a percentage point to 65.0 percent. Nonfarm Employment Seasonally adjusted Total Nonfarm employment gained 12,900 jobs over the month, while losing 3,300 since May 2009. Over the month, fi ve sectors experienced job growth: Government, 16,100; Professional & Business Services, 1,600; Trade, Transportation & Utilities, 1,300; Information, 500; and Financial Activities, 200. Losses were reported for the remaining sectors: Manufacturing, 2,900; Leisure & Hospitality Services, 2,700; Other Services, 500; Education & Health Services, 500; and Construction, 200. The major sectors to report over-the-year seasonally adjusted job increases were: Government, 39,900; Professional & Business Services, 11,200; Education & Health Services, 8,000; and Mining & Logging, 300. Not seasonally adjusted, four major sectors reported over-the-year job increases: Government, 36,200; Professional & Business Services, 13,300; Education & Health Services, 7,900; and Mining & Logging, 300. Construction reported the largest over-the-year job loss at 19,500, followed by Manufacturing at 19,000. This loss was seen in Computer & Electronic Product, 3,900; Furniture & Related Product, 3,600; Textiles, 3,500; Wood Product, 3,300; Food, 2,600; Machinery, 2,500; Fabricated Metal Product, 2,400; and Electrical Equipment, Appliance & Component, 2,100; Apparel, 1,400; Printing & Related Support Activities, 1,100; Plastics & Rubber Products, 1,000; Chemical, 900; and Transportation Equipment, 900. Beverage & Tobacco Product, at 400, had the only increase among the leading manufacturing sectors. Food remains North Carolina’s leading sector in manufacturing employment with 49,800. Chemical follows with 40,500. Other Information Average Hourly Earnings in North Carolina for manufacturing production workers increased by 9 cents in May to $16.12, while Average Weekly Hours gained 24 minutes to 40.7. North Carolina paid a total of $492.1 million in Unemployment Insurance benefi ts (all programs) to claimants in May. These payments include state and federally funded benefi ts. The number of Initial Claims fi led in North Carolina for Unemployment Insurance benefi ts fell in May to 56,007. Approximately $194.5 million was paid in regular UI benefi ts to 176,980 unemployed persons across the state. The average weekly benefi t amount was $291.38, which does not include the $25 Federal Additional Compensation (FAC) payment from The American Recovery and Reinvestment Act. The South Atlantic Region’s Total Compensation of $25.54 per hour worked is below the national average of $27.73 per hour worked in the fi rst quarter of 2010. Regional Wages and Salaries comprised 72.0 percent of Total Compensation, 70.6 percent nationally. North Carolina’s Economic Indicators during April 2010 showed very weak growth in the Coincident Indicators (0.4%) and mild growth in the Leading Indicators (1.2%). June 10 NC Today i i i June 10 NC Today Table Of Contents United States/North Carolina Labor Force Data, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 United States/North Carolina Unemployment Rates, May 2007-May 2010 . . .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 2 United States Labor Force, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 North Carolina Labor Force, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Number of North Carolina Unemployed by Reasons for Unemployment, May 2009-May 2010 . . . . . . . . . . . . . . . 3 North Carolina Unemployment Rate by Age Group, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Not in the North Carolina Labor Force Due to Discouragement or Other Reasons, May 2009-May 2010 . . . . . . . . 4 Unemployment Rates by State, April 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 North Carolina Unemployment Rates by County, April 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 North Carolina Industry Employment Statewide, May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 North Carolina Total Nonfarm Employment, January 1990-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 North Carolina Industries, May 2007 Compared to May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 North Carolina Manufacturing, January 1990-May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Employment Change in North Carolina Manufacturing Industries, Comparison of May 2007, 2009 & 2010 . . . . . 11 Manufacturing Production Workers’ Hours and Earnings, May 2009-May 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Total Nonfarm Employment Percent Change by State, April 2009-April 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Percent Change in Total Nonfarm Employment by Metro, May 2009-May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Announced Business Closings and Permanent Layoffs, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14-15 New Business Openings, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 15 Monthly Change in North Carolina Coincident and Leading Indexes, April 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Comparison of Indexes and Their Components, January 2010 Compared to April 2010 . . . . . . . . . . . . . . . . . . . . . . 17 North Carolina Counties With the Highest Initial Claims Activity, May 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Compensation Per Hours Worked, South Atlantic Region/United States, 1st Qtr. 2010 . . . . . . . . . . . . . . . . . . . . . . 19 Glossary of Terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 June 10 NC Today iii Source: LAUS, LMI of ESC P Preliminary; R Revised; B Benchmarked Note: May not sum due to rounding. United States/North Carolina Labor Force Data May 2010 1 June 10 NC Today (Civilian Labor Force Estimates) Month Ago Year Ago MayP 2010 AprilR 2010 MayB 2009 Numeric Change Percent Change Numeric Change Percent Change North Carolina Seasonally Adjusted Labor Force 4,567,209 4,573,236 4,555,450 -6,027 -0.1 11,759 0.3 Employed 4,094,595 4,079,873 4,059,158 14,722 0.4 35,437 0.9 Unemployed 472,614 493,363 496,292 -20,749 -4.2 -23,678 -4.8 Unemployment Rate 10.3 10.8 10.9 -0.5 xxx -0.6 xxx Not Seasonally Adjusted Labor Force 4,547,316 4,549,897 4,564,157 -2,581 -0.1 -16,841 -0.4 Employed 4,096,669 4,090,171 4,068,912 6,498 0.2 27,757 0.7 Unemployed 450,647 459,726 495,245 -9,079 -2.0 -44,598 -9.0 Unemployment Rate 9.9 10.1 10.9 -0.2 xxx -1.0 xxx (Civilian Labor Force Estimates) Month Ago Year Ago May 2010 April 2010 May 2009 Numeric Change Percent Change Numeric Change Percent Change United States Seasonally Adjusted Labor Force 154,393,000 154,715,000 154,956,000 -322,000 -0.2 -563,000 -0.4 Employed 139,420,000 139,455,000 140,438,000 -35,000 0.0 -1,018,000 -0.7 Unemployed 14,973,000 15,260,000 14,518,000 -287,000 -1.9 455,000 3.1 Unemployment Rate 9.7 9.9 9.4 -0.2 xxx 0.3 xxx Not Seasonally Adjusted Labor Force 153,866,000 153,911,000 154,336,000 -45,000 0.0 -470,000 -0.3 Employed 139,497,000 139,302,000 140,363,000 195,000 0.1 -866,000 -0.6 Unemployed 14,369,000 14,609,000 13,973,000 -240,000 -1.6 396,000 2.8 Unemployment Rate 9.3 9.5 9.1 -0.2 xxx 0.2 xxx Seasonally adjusted, North Carolina’s civilian labor force declined slightly over the month as employment increased 0.4 percent and unemployment decreased 4.2 percent. The unemployment rate declined 0.5 of a percentage point to 10.3 percent. There was a slight decrease in the United States’ civilian labor force from April to May. Employment remained relatively unchanged while unemployed decreased 1.9 percent. The unemployment rate declined 0.2 of a percentage point to 9.7 percent. 152,500 153,250 154,000 154,750 155,500 US May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 (in thousands) 4,500 4,525 4,550 4,575 4,600 NC May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 (in thousands) June 10 NC Today 2 Source: LAUS, LMI of ESC; BLS Note: North Carolina data: May 2010 data are preliminary, other 2010 data are revised, while all other data are benchmarked. United States/north Carolina Unemployment Rates May 2007-May 2010 (Seasonally Adjusted) United States Labor Force May 2009-May 2010 (Seasonally adjusted) Source: LAUS, LMI of ESC; BLS Note: North Carolina data: May 2010 data are preliminary, other 2010 data are revised, while 2009 data are benchmarked. North Carolina Labor Force May 2009-May 2010 (Seasonally adjusted) 0% 2% 4% 6% 8% 10% 12% US NC May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 0% 2% 4% 6% 8% 10% 12% US NC Dec. 08 May 08 Dec. 07 May 07 Recession Beginning North Carolina’s seasonally adjusted labor force participation rate declined 0.2 of a percentage point over the month to 63.3 percent. The national rate mirrored North Carolina’s decrease with a rate of 65.0 percent. Twelve-month averaged data from the Current Population Survey (CPS) collected from approximately 1,500 North Carolina households show that North Carolina’s 16-to-19-year-olds’ civilian labor force declined 2.2 percent over the month. Employment and unemployment decreased 1.8 percent and 3.3 percent, respectively. Last year, the 16-to-19-year-olds experienced increases in the civilian labor force and employment while unemployment decreased. The 20-year-old & older’s civilian labor force and employment increased 0.2 percent and 0.3 percent, respectively. Unemployment remained relatively unchanged. 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 220,000 240,000 260,000 280,000 Job Losers Job Leavers New Entrants Re-Entrants May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 Number of North Carolina Unemployed by Reasons for Unemployment May 2009-May 2010 (12-Month Moving Average) Source: Labor Market Information Division (LMID), extracted from the North Carolina Current Population Survey (CPS). Note: Data are not seasonally adjusted and may not add due to rounding. Estimates are derived from a 12-month moving average of elements of North Carolina’s portion of the CPS, a monthly survey performed by the US Census Bureau (Census) for the US Bureau of Labor Statistics (BLS) and encompassing approximately 1,500 rotating households within North Carolina. This data is provided to North Carolina by BLS, but is not comparable to and does not take the place of offi cial BLS estimates published by the LMID. 3 June 10 NC Today 0% 5% 10% 15% 20% 25% 30% 20+ Unemployment Rate 16-19 Unemployment Rate May 10 April 10 March10 Feb.10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 Not Currently Looking (Other Reason) Not Currently Looking (Discouragement) May 10 April 10 March 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09 Sept. 09 Aug. 09 July 09 June 09 May 09 (in thousands) Source: Labor Market Information Division (LMID), extracted from the North Carolina Current Population Survey (CPS). Source: Labor Market Information Division (LMID), extracted from the North Carolina Current Population Survey (CPS). *Note: Data are not seasonally adjusted and may not add due to rounding. Estimates are derived from a 12-month moving average of elements of the CPS, a monthly survey performed by the US Census Bureau (Census) for the US Bureau of Labor Statistics (BLS) and encompassing approximately 1,500 rotating households within North Carolina. Data are provided to North Carolina by the BLS, but is not comparable to and does not take the place of offi cial BLS estimates published by the LMID. North Carolina Unemployment Rate by Age Group* May 2009-May 2010 (12-Month Moving Average) Not in the North Carolina Labor Force Due to Discouragement or Other Reasons* May 2009-May 2010 (Number of Persons, 12-Month Moving Average) 37,317 31,267 The averaged CPS data also shows that the percentage of individuals not in the labor force rose slightly from April 2010. Those not looking for work because of discouragement over job prospects increased 3.9 percent, while those not looking for other reasons decreased 0.8 percent. Job losers grew 0.4 percent while job leavers declined 2.3 percent. June 10 NC Today 4 There was little change to the states’ unemployment rates during April 2010. Thirty-four states and the District of Columbia recorded unemployment rate decreases, six increased and 10 states refl ected no change as reported by the U.S. Bureau of Labor Statistics. Michigan continues to have the highest unemployment rate among the states at 14.0 percent. Nevada (13.7%), California (12.6%), and Rhode Island (12.5%) reported the next highest rates. North Dakota continues to have the lowest unemployment rate of 3.8 percent, followed by South Dakota and Nebraska, 4.7 percent and 5.0 percent, respectively. All of North Carolina’s neighboring states experienced an unemployment rate decrease. South Carolina dropped 0.6 of a percentage point to 11.6 percent, while Georgia (10.4%), Tennessee (10.5%), and Virginia (7.2%) all declined 0.1 of a percentage point. 5 June 10 NC Today Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 6_10 MI Note: States April 2010 data are preliminary. NY 8.4 6.7 12.5 11.0 TX CA MT AZ ID NV NM CO IL OR UT KS WY NE IA SD MN ND FL OK WI MO AL WA GA AR LA IN PA NC MS TN VA KY OH SC ME WV VT NH NJ MA CT MD DE RI DC 8.3 7.1 9.5 8.7 12.6 8.0 7.1 7.3 9.1 7.2 6.5 13.7 5.0 4.7 3.8 6.6 9.4 10.6 9.2 6.9 8.5 7.8 8.4 6.7 9.0 10.4 11.2 12.0 7.2 11.0 11.5 10.8 8.1 10.5 14.0 10.9 10.6 10.0 9.2 11.6 7.5 6.4 6.7 9.2 9.8 9.0 9.0 AK HI Unemployment Rates By State, Seasonally Adjusted April 2010 U.S. Rate = 9.9% 11.7% to 14.0% 9.9% to 11.6% 7.9% to 9.8% 5.1% to 7.8% 3.8% to 5.0% Over the month, not seasonally adjusted unemployment rates decreased in 99 counties while one, Wilson County, had a slight rate increase from March to April 2010. Scotland County reported the highest unemployment rate of 15.8 percent, while Currituck County had the lowest at 5.8 percent. All 14 Metropolitan Statistical Areas experienced rate decreases. June 10 NC Today 6 Cherokee Graham Clay Macon Swain Jackson Haywood Transyl-vania Madison Buncombe Hender-son Polk Yancey Mitchell McDowell Rutherford Cleveland Burke Caldwell Avery Watauga Ashe Alleghany Wilkes Alex-ander Catawba Lincoln Gaston Meck-lenburg Iredell Surry Yadkin Davie Rowan Cabarrus Union Stanly Davidson Forsyth Stokes Rockingham Guilford Randolph Mont-gomery Anson Rich-mond Scot-land Moore Chatham Lee Ala-mance Orange Caswell Person Gran-ville Vance Durham Wake Harnett Hoke Robeson Columbus Bladen Cumberland Sampson Johnston Franklin Warren Halifax Northampton Nash Wilson Wayne Duplin Pender Brunswick New Hanover Onslow Jones Lenoir Greene Edge-combe Hertford Gates Bertie Martin Pitt Craven Carteret Pamlico Beaufort Hyde Tyrrell Wash-ington Camden Currituck Chowan Pasquotank Perquimans Dare < 8.3 8.0 7.5 8.5 9.2 9.7 8.1 8.0 7.1 9.2 11.7 11.5 10.7 8.2 8.6 9.5 11.4 9.7 10.3 10.6 10.5 8.6 9.4 12.8 12.5 10.2 8.6 10.4 9.2 11.9 10.5 9.2 13.0 12.1 15.2 5.9 11.9 11.3 10.1 8.0 12.0 11.9 13.8 10.0 10.3 8.9 11.9 13.3 14.8 8.6 10.0 9.4 7.1 12.9 14.5 10.5 13.2 13.6 10.0 10.1 11.9 11.0 12.6 11.6 11.3 10.7 7.6 5.8 11.7 7.4 12.8 10.6 10.7 9.3 11.9 10.7 9.2 10.7 9.2 12.4 12.1 10.5 10.4 9.2 10.1 8.4 9.7 11.2 12.2 7.3 9.1 8.4 15.8 14.1 12.7 12.3 10.6 10.8 10.4 10.0 North Carolina Rate 10.0% Not Seasonally Adjusted North Carolina Unemployment Rates by County April 2010 ^ ^ = 1 County Higher Than Previous Month 99 Counties Lower Than Previous Month 0 County Same as Previous Month April 2010 5.8% to 8.2% 8.3% to 9.7% 9.8% to 11.3% 11.4% to 13.3% 13.4% to 15.8% Note: April 2010 data are preliminary. Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 5_2010 7 June 10 NC Today Total Employment Net & Percent Change NAICS Industry MayP 2010 AprilR 2010 MayB 2009 From April 2010 From May 2009 Net Percent Net Percent Total Nonfarm 3,917.6 3,904.7 3,920.9 12.9 0.3% -3.3 -0.1% Mining & Logging 6.2 6.2 5.9 0.0 0.0% 0.3 5.1% Construction 171.9 172.1 194.5 -0.2 -0.1% -22.6 -11.6% Manufacturing 429.0 431.9 450.6 -2.9 -0.7% -21.6 -4.8% Durable Goods 218.4 220.2 233.3 -1.8 -0.8% -14.9 -6.4% Nondurable Goods 210.6 211.7 217.3 -1.1 -0.5% -6.7 -3.1% Trade, Transp. & Utilities 713.2 711.9 722.3 1.3 0.2% -9.1 -1.3% Wholesale Trade 162.2 163.8 166.9 -1.6 -1.0% -4.7 -2.8% Retail Trade 436.8 434.9 438.7 1.9 0.4% -1.9 -0.4% Transportation, Warehousing & Utilities 114.2 113.2 116.7 1.0 0.9% -2.5 -2.1% Information 69.3 68.8 70.2 0.5 0.7% -0.9 -1.3% Financial Activities 198.6 198.4 202.2 0.2 0.1% -3.6 -1.8% Finance & Insurance 148.1 148.6 153.1 -0.5 -0.3% -5.0 -3.3% Real Estate, Rental & Leasing 50.5 49.8 49.1 0.7 1.4% 1.4 2.9% Professional & Business Services 472.0 470.4 460.8 1.6 0.3% 11.2 2.4% Professional, Scientifi c & Technical Services 173.1 171.9 177.6 1.2 0.7% -4.5 -2.5% Mgmt. of Companies & Enterprises 72.0 72.5 72.6 -0.5 -0.7% -0.6 -0.8% Admin. & Support & Waste Mgmt. 226.9 226.0 210.6 0.9 0.4% 16.3 7.7% Education & Health Services 549.7 550.2 541.7 -0.5 -0.1% 8.0 1.5% Educational Services 85.0 83.8 79.5 1.2 1.4% 5.5 6.9% Health Care & Social Assistance 464.7 466.4 462.2 -1.7 -0.4% 2.5 0.5% Leisure & Hospitality Services 391.7 394.4 394.8 -2.7 -0.7% -3.1 -0.8% Arts, Entertainment & Recreation 52.3 53.5 57.3 -1.2 -2.2% -5.0 -8.7% Accommodation & Food Services 339.4 340.9 337.5 -1.5 -0.4% 1.9 0.6% Other Services 163.0 163.5 164.8 -0.5 -0.3% -1.8 -1.1% Government 753.0 736.9 713.1 16.1 2.2% 39.9 5.6% Federal 85.2 72.4 68.8 12.8 17.7% 16.4 23.8% State 206.0 204.4 199.4 1.6 0.8% 6.6 3.3% Local 461.8 460.1 444.9 1.7 0.4% 16.9 3.8% Source: CES, LMI of ESC P Preliminary; R Revised; B Benchmarked North Carolina Industry Employment Statewide May 2010 (Seasonally Adjusted, in Thousands) June 10 NC Today 8 2,500 3,000 3,500 4,000 4,500 Total Nonfarm Jan. 10 Jan. 09 Jan. 08 Jan. 07 Jan. 06 Jan. 05 Jan. 04 Jan. 03 Jan. 02 Jan. 01 Jan. 00 Jan. 99 Jan. 98 Jan. 97 Jan. 96 Jan. 95 Jan. 94 Jan. 93 Jan. 92 Jan. 91 Jan. 90 1990-1991 Recession 2001 Recession 2007 Recession North Carolina Total Nonfarm Employment January 1990-May 2010 (Seasonally Adjusted) Seasonally adjusted Total Nonfarm employment in North Carolina rose 12,900 (0.3%) jobs over the month, but decreased by 3,300 (0.1%) jobs over the year. The United States gained 431,000 (0.3%) Total Nonfarm jobs over the month, but lost 585,000 (0.4%) over the year. Among North Carolina’s industries, Government had the largest net (16,100) over-the-month increase. Manufacturing (2,900) and Leisure & Hospitality (2,700) had the largest net over-the-month decreases. The Service Providing sector, which includes all industries except Goods Producing (Mining & Logging, Construction, and Manufacturing), increased 40,600 jobs over the year. Goods Producing dropped 43,900 jobs over the year. Since the beginning of the 2007 national recession (December 2007), North Carolina has lost 251,900 (6.0%) Total Nonfarm jobs. Nationally, Total Nonfarm employment decreased 5.4 percent from December 2007 to May 2010. Industries with job losses since the beginning of the December 2007 recession are: • Manufacturing, 103,400 (19.4%) • Construction, 79,800 (31.7%) • Trade, Transportation & Utilities, 66,900 (8.6%) • Professional & Business Services, 34,600 (6.8%) • Financial Activities, 13,600 (6.4%) • Leisure & Hospitality, 13,400 (3.3%) • Other Services, 12,500 (7.1%) • Information, 2,900 (4.0%) • Mining & Logging, 700 (10.1%) The only industries with job gains since the beginning of the December 2007 recession are: • Government, 59,000 (8.5%) • Education & Health Services, 16,900 (3.2%) (in thousands) May 2010: 3,917,600 July 1990: 3,120,800 March 2001: 3,931,300 December 2007: 4,169,500 Source: CES, LMI of ESC Note: May 2010 data are preliminary, all other 2010 data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates July 1990-March 1991, March 2001-November 2001 and December 2007 to present. 9 June 10 NC Today North Carolina Industries May 2007 Compared to May 2010 (Seasonally Adjusted) Source: CES, LMI of ESC Note: 2010 data are preliminary, while 2007 data are benchmarked. Percentages may not sum due to rounding. 2007 Total Nonfarm: 4,140,000 2010 Total Nonfarm: 3,917,600 North Carolina’s seasonally adjusted Total Nonfarm employment has decreased by 222,400 (-5.4%) since May 2007. Government is currently the largest sector in North Carolina with 19.2 percent of total jobs, followed by Trade, Transportation & Utilities with 18.2 percent. The state’s industry composition has changed since May 2007 as it continues to shift from a manufacturing to a service economy. • Manufacturing dropped from 13.0 percent to 11.0 percent of Total Nonfarm employment. • Construction fell from 6.2 percent to 4.4 percent. • Government increased from 16.6 percent to 19.2 percent. • Education & Health Services grew from 12.6 percent to 14.0 percent • Trade, Transportation & Utilities decreased from 18.8 percent to 18.2 percent. • Leisure & Hospitality increased from 9.6 percent to 10.0 percent. • Professional & Business Services decreased slightly from 12.1 percent to 12.0 percent. • Other Services increased from 4.1 percent to 4.2 percent. • Financial Activities, Information, and Mining & Logging refl ected no percentage change. Mining & Logging 0.2% Government 16.6% Other Services 4.1% Leisure & Hospitality 9.6% Education & Health Services 12.6% Professional & Business Services 12.1% Financial Activities 5.1% Information 1.8% Trade, Transportation & Utilities 18.8% Manufacturing 13.0% Construction 6.2% Mining & Logging 0.2% Government 19.2% Other Services 4.2% Leisure & Hospitality 10.0% Education & Health Services 14.0% Professional & Business Services 12.0% Financial Activities 5.1% Information 1.8% Trade, Transportation & Utilities Manufacturing 18.2% 11.0% Construction 4.4% June 10 NC Today 10 400 600 800 1,000 Manufacturing Jan. 10 Jan. 09 Jan. 08 Jan. 07 Jan. 06 Jan. 05 Jan. 04 Jan. 03 Jan. 02 Jan. 01 Jan. 00 Jan. 99 Jan. 98 Jan. 97 Jan. 96 Jan. 95 Jan. 94 Jan. 93 Jan. 92 Jan. 91 Jan. 90 1990-1991 Recession 2001 Recession 2007 Recession Since the beginning of the 2007 national recession (December 2007), North Carolina has lost 103,400 (19.4%) manufacturing jobs. Of those, 65.8 percent were in Durable Goods and 34.2 percent in Nondurable Goods. The United States has lost 15.1 percent of its manufacturing jobs since the December 2007 recession — 74.2 percent in Durable Goods and 25.8 percent, Nondurable Goods. Not seasonally adjusted, Food was the industry with the largest number of manufacturing jobs (49,800) in North Carolina in May 2010, followed by Chemical Manufacturing (40,500) and Textile & Textile Product Mills (32,900). Beverage & Tobacco (400) had the only increase over the year among the not seasonally adjusted leading manufacturing sectors. The eight largest net over-the-year manufacturing declines were: • Computer & Electronic Product, 3,900 (10.7%) • Furniture & Related Product, 3,600 (10.2%) • Textile Mills & Textile Product Mills, 3,500 (9.6%) • Wood Product, 3,300 (19.9%) • Food, 2,600 (5.0%) • Machinery, 2,500 (9.3%) • Fabricated Metal, 2,400 (7.1%) • Electrical Equipment, Appliance, & Component, 2,100 (9.5%) Those manufacturing industries with smaller losses were: • Apparel, 1,400 (11.3%) • Printing & Related Support Activities, 1,100 (8.5%) • Plastics & Rubber, 1,000 (3.5%) • Chemical, 900 (2.2%) • Transportation Equipment, 900 (3.5%) (in thousands) North Carolina Manufacturing January 1990-May 2010 (Seasonally adjusted) Source: CES, LMI of ESC Note: May 2010 data are preliminary, all other 2010 data are revised, while all other data are benchmarked. Recession periods documented in above graph represent the dates July 1990-March 1991, March 2001-November 2001 and December 2007 to present. July 1990: 822,200 March 2001: 727,800 December 2007: 532,400 May 2010: 429,000 Source: CES, LMI of ESC Note: May 2010 data are preliminary, all other data are revised. Data are not adjusted for infl ation, or seasonality and refer to production workers only. Manufacturing Hours and Earnings are based on gross payrolls and corresponding paid hours and include overtime, shift premiums, vacation and holiday pay, and other leave payments made directly by the employer to employees for the pay period reported. The data excludes bonuses, commissions and lump-sum payments unless earned and paid regularly during each pay period. Hours relate to the hours for which pay was received and does include overtime. 11 June 10 NC Today Over the month, Manufacturing production workers’ Average Hourly Earnings increased $0.09. Average Weekly Earnings rose $10.07 and Average Weekly Hours increased 0.4 (24 minutes). Durable Goods’ Average Hourly Earnings increased $0.08 over the month. Average Weekly Earnings rose $6.49, and Average Weekly Hours increased 0.2 (12 minutes). Over the month, Nondurable Goods’ Average Hourly Earnings increased $0.09. Average Weekly Earnings rose $9.96, and Average Weekly Hours increased 0.4 (24 minutes). Manufacturing Production Hours and Earnings May 2009-May 2010 (Not Seasonally adjusted) Average Weekly Hours Average Hourly Earnings Average Weekly Earnings May 2010 40.7 $16.12 $656.08 April 2010 40.3 $16.03 $646.01 March 2010 40.0 $15.94 $637.60 February 2010 39.6 $16.00 $633.60 January 2010 40.0 $16.00 $640.00 December 2009 40.1 $15.88 $636.79 November 2009 39.4 $15.95 $628.43 October 2009 39.1 $15.95 $623.65 September 2009 38.9 $16.03 $623.57 August 2009 39.0 $15.92 $620.88 July 2009 38.7 $15.90 $615.33 June 2009 39.2 $15.76 $617.79 May 2009 38.6 $15.66 $604.48 Employment Change in North Carolina Manufacturing Industries Comparison of May 2007, May 2009 & May 2010 (Not seasonally adjusted) Source: CES, LMI of ESC Note: 2010 data are preliminary, while 2007 & 2009 data are benchmarked. *Textiles is comprised of Textile Mills and Textile Product Mills. (in thousands) 0 20 40 60 80 May 2007 May 2009 May 2010 Plastics & Rubber Chemical Printing Apparel Mfg. *Textiles Beverages & Tobacco Product Food Furniture & Related Product Transportation Equipment Electrical Equipment & Appliances Computers & Electronic Product Machinery Fabricated Metal Product Wood Product June 10 NC Today 12 Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 6_10 Note: April 2010 data are preliminary, while April 2009 data are benchmarked. VT 1.0 -0.8 HI -2.7 1.4 TX CA MT AZ ID NV NM CO IL OR UT KS WY IA NE SD MN ND FL OK WI MO AL WA GA AR LA MI IN PA NC NY MS TN VA KY OH SC ME WV NH NJ MA CT MD DE RI DC -0.4 -2.5 -1.2 -2.0 -1.8 -3.5 -2.6 -2.4 -1.8 1.6 -0.8 -1.2 -1.5 -1.6 -0.6 -0.3 -1.7 -0.9 -1.7 -2.4 -1.6 -1.6 -0.8 -1.4 -1.2 -1.8 -0.9 -1.5 -0.5 -1.1 -0.5 -1.0 -1.9 -1.4 -0.3 -0.5 -0.1 -2.2 -0.6 -1.2 -0.7 -1.3 -0.5 -0.8 -1.2 -0.9 -1.2 Total Nonfarm Employment Percent Change By State, Seasonally Adjusted, April 2009-April 2010 Percent Change -3.5% to -2.4% -2.3% to -1.5% -1.4% to -0.9% -0.8% to -0.1% 0.0% to 1.6% AK Pitt Wake Hyde Duplin Bladen Bertie Pender Wilkes Beaufort Moore Onslow Union Halifax Craven Robeson Nash Surry Sampson Iredell Columbus Swain Burke Carteret Johnston Brunswick Ashe Guilford Anson Randolph Harnett Wayne Jones Chatham Macon Rowan Hoke Martin Tyrrell Dare Lee Stokes Stanly Lenoir Franklin Warren Buncombe Granville Davidson Jackson Haywood Gates Person Caldwell Wilson Forsyth Caswell Polk Orange Cumberland Madison Rutherford Pamlico Yadkin Gaston Clay Cherokee Cleveland Catawba Davie Rockingham McDowell Vance Hertford Avery Lincoln Yancey Northampton Edgecombe Graham Cabarrus Greene Watauga Washington Alleghany Rich mond Alamance Meck lenburg Mont gomery Durham Scotland Currituck Hender son Camden Transyl vania Mitchell Alexander Chowan Per quimans Pasquotank New Hanover Percent Change in Total Nonfarm Employment by Metro Not Seasonally Adjusted, May 2009-May 2010 -1.0% to -2.0% -0.1% to -0.9% 0.0% to 2.9% Asheville Metro Goldsboro Metro Charlotte/Gastonia/ Rock Hill NC-SC Durham/Chapel Hill Metro Fayetteville Metro Burlington Metro Greensboro- High Point Metro Greenville Metro Hickory/Lenoir/ Morganton Metro Jacksonville Metro Wilmington Metro Raleigh/Cary Metro Rocky Mount Metro Winston-Salem Metro -1.9 0.2 -2.3 -0.6 -0.8 3.3 -1.8 0.5 -0.6 -3.1 -0.2 -0.3 -0.4 -1.1 Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 6_2010 Note: May 2009 data are benchmarked, while May 2010 data are preliminary. -2.1% to -3.1% 3.0% to 3.3% 13 June 10 NC Today June 10 NC Today 14 County Company Product Individuals Affected* Reason Closing/Layoff Buncombe Saint-Gobain Abrasives Abrasives Manufacturing 39 Production to S.C. Closed Western N.C. Community Health Health Services 11 Budget Cuts Layoff Craven Hollywood Video Video Rentals 10 Bankruptcy Closing Cumberland Goodyear Tire & Rubber Co. Tire Manufacturing 70 Production Cut Layoff Rockola Grille Restaurant 38 Property Redevelopment Closing Davidson Foam-Tech Inc. Polyurethane Components 25 Financial Diffi culty Closing Durham Pfi zer Inc. Chemicals 50 Restructuring Layoff Fuddruckers Restaurant 21 Not Stated Closing Forsyth Goober’s 52 Restaurant 24 Not Stated Closing Hero House Restaurant 16 Not Stated Closing Franklin Murphy House Restaurant 29 Economic Conditions Closing Guilford Gate City Chop House Restaurant 50 Not Stated Closing Dixon Hughes PLLC Accounting Firm 26 Consolidation/High Point Closing Grant Thornton CPA Firm 30 Relocation/Charlotte/ Raleigh Closing Halifax Safelite Auto Glass Auto Glass 46 Dist. Center Relocation/ GA Closing Jackson Stonewall Packaging LLC Cardboard Manufacturing 43 Lost Contract Closing Lee Pfi zer Inc. Pharmaceuticals 400 Acquisition Layoff Mecklenburg Cooper Wiring Devices Wiring Devices 82 Product Storage to Memphis Closing Comco Signs Inc. Sign Manufacturing 22 Bankruptcy Closing Reid’s Fine Foods Grocery Store 34 Slow Sales/ Economy Closing Las Ramblas Restaurant 21 Property Redevelopment Closing Town of Davidson Inc. Town Government 19 Restructuring Layoff New Hanover New Liverpool Deli Restaurant 10 Property Sold Closing Onslow Hollywood Video Video Rentals 14 Bankruptcty Closing Pasquotank Outer Banks Harley-Davidson Motorcycle Sales 23 Merger Closing Randolph Movie Gallery Video Rentals 10 Bankruptcy Closing Rowan Uti Integrated Logistics Inc. Logistics, Warehousing 53 Lost Contract/Invista Layoff 1The data available are derived from a statewide survey of newspaper accounts of closings and layoffs, and from information supplied to the Employment Security Commission of North Carolina (ESC) by the employing units experiencing layoffs. The data are not all inclusive and do not meet Labor Market Information Division standards for accuracy. ESC staff members do not analyze or evaluate the accuracy of these reports. * ‘Individuals Affected’ represents numbers reported by media sources only. Actual numbers may differ. The table shows only closings where individuals ‘Affected’ are stated as 10 or more. For more information, visit http://eslmi23.esc.state.nc.nc.us/masslayoff/ Announced Business Closings and Permanent Layoffs1 May 2010 15 June 10 NC Today County Company Product Possible Job Openings City Estimated Opening Date Burke VSA Recycled Automotive Parts 98 Morganton 1/1/2012 Caldwell Advanced Textile Solutions Inc. Military Apparel 127 Saw Mills 1/1/2013 Cleveland Telerx Customer Service 60 Kings Mountain 5/28/2010 Craven Ribeyes Steakhouse Restaurant 25 New Bern 6/30/2010 Durham IEM Management Firm 41 Research Triangle Park 12/31/2010 Guilford Bin 33 Restaurant 50 Greensboro 7/1/2010 Moses Cone Health System Hospital 25 Greensboro 5/17/2010 Lee Frontier Spinning Mills Yarn Maker 45 Sanford 1/1/2011 McDowell Bojangles Fast Food Restaurant 60 Marion 6/10/2010 Mecklenburg Convergys Corp. Customer Service 200 Charlotte 7/1/2010 Citco Fund Services Financial Services 258 Charlotte 12/31/2014 Morgan Stanley & Co. Financial Services 50 Charlotte 10/1/2010 Hewitt Associates Human Resource Services 463 Charlotte 1/1/2013 Rockingham WhiteRidge Plastics LLC Custom Molded Plastic Parts 55 Reidsville 1/1/2013 Wake John Deere & Co. Agricultural Equipment Maker 90 Cary 9/1/2010 TearScience Medical Device Company 15 Morrisville 12/31/2010 Embassy Suites Hotel 80 Raleigh 6/4/2010 Cafe’ Caturra Restaurant 40 Raleigh 5/24/2010 New Business Openings1 May 2010 1The data shown are derived from a statewide survey of newspaper accounts of business openings, and from information supplied to the Employment Security Commission of North Carolina (ESC) by the employing units. Data are not all inclusive and ESC staff do not analyze or evaluate the accuracy of these reports. Announced Business Closings and Permanent Layoffs1 May 2010 - Continued County Company Product Individuals Affected* Reason Closing/Layoff Wake Buckhead Saloon Bar 19 Not Stated Closing Camille’s Sidewalk Cafe’ (Brier Creek) Restaurant 22 Bankruptcy Closing Golden Corral (Glenwood) Restaurant 60 Demolition/Rebuild Closing Fuddruckers Restaurant 19 Not Stated Closing Panopolie Craft Store 11 Consolidation/Ornamentea Closing Icarus Studios Video Games 75 Restructuring Layoff ZeeCRO Clinical Research 29 Not Stated Closing 1The data available are derived from a statewide survey of newspaper accounts of closings and layoffs, and from information supplied to the Employment Security Commission of North Carolina (ESC) by the employing units experiencing layoffs. The data are not all inclusive and do not meet Labor Market Information Division standards for accuracy. ESC staff members do not analyze or evaluate the accuracy of these reports. * ‘Individuals Affected’ represents numbers reported by media sources only. Actual numbers may differ. The table shows only closings where individuals ‘Affected’ are stated as 10 or more. For more information, visit http://eslmi23.esc.state.nc.nc.us/masslayoff/ June 10 NC Today 16 Growth Growth Growth Mild Moderate Strong Strong Moderate Mild Decline Decline Decline Very Weak decline / growth +1.2% +2.5% +1.5% -0.5% +0.5% -1.5% -2.5% Growth Growth Growth Mild Moderate Strong Strong Moderate Mild Decline Decline Decline Very Weak decline / growth +0.4% +2.5% +1.5% -0.5% +0.5% -1.5% -2.5% The state’s Coincident Index showed an increase of 0.5 percent between March and April 2010. Five components of the Coincident Index improved from the previous month — Richmond Manufacturing Index increased by 400 percent, from 6.0 to 30.0; NC Average Hours Worked in Manufacturing grew by 1.0 percent; NC Unemployment Rate decreased by 0.3 percentage point (inverse effect); number of jobs in the Nonagricultural sector rose by 0.3 percent; and CPI South decreased by 0.1 percent (inverse effect). The only component of the Coincident Index to report a negative change from the previous month was NC Taxable Retail Sales, which decreased by 1.8 percent. The six-month percentage change for the Coincident Index reported very weak growth. Leading Index Mild Growth Coincident Index Very Weak Growth Change in North Carolina Coincident and Leading Indexes April 2010 (Seasonally adjusted) Source: LMI of ESC; Coincident Index percent is fi gured by taking the percent change of October 2009 (95.6) to April 2010 (96.0). Leading Index percent is fi gured by taking the percent change of October 2009 (96.4) to April 2010 (97.6). 17 June 10 NC Today The state’s Leading Index between March and April 2010 increased by 0.5 percent. Six of seven components of the Leading index had positive contributions to the index: Initial Claims dropped by 15.8 percent (inverse effect); New Orders for Nondefense Capital Goods increased by 9.2 percent; New Orders for Total Capital Goods grew by 7.4 percent; Average Hours Worked in Manufacturing increased by 1.0 percent; the Coincident Index rose by 0.5 percent; and NC-Based Companies’ Average Stock Price grew by 0.2 percent. The only component of the Leading Index that reported a negative change from the previous month was Applications for Building Permits, which declined by 9.1 percent. The six-month percentage change for the Leading Index reported mild growth for the last three months. April 2010 March 2010 Difference* Percent Change Coincident Index Composite (2000=100) 96.0 95.5 0.5 0.5 CPI (South US) 211.5 211.8 -0.3 -0.1 Richmond Manufacturing Index 30.0 6.0 24.0 400.0 NC Unemployment Rate 10.8% 11.1% -0.3 - NC Taxable Retail Sales (in millions) 7,826.7 7,970.3 -143.6 -1.8 NC Nonagricultural Employment (in thousands) 3,904.7 3,894.5 10.2 0.3 NC Average Hours Worked in Manufacturing (Production Only) 40.6 40.2 0.4 1.0 Six Months Percentage Change October 2009 (95.6) to April 2010 (96.0) 0.4 (Very Weak Growth) April 2010 March 2010 Difference* Percent Change Leading Index Composite (2000=100) 97.6 97.1 0.5 0.5 NC-Based Companies’ Average Stock Price 41.6 41.5 0.1 0.2 NC UI Initial Claims 66,109 78,520 -12,411 -15.8 US New Orders for Nondefense Capital Goods (in millions) 66,075 60,530 5,545 9.2 NC Building Permits 3,065 3,371 -306 -9.1 Coincident Index 96.0 95.5 0.5 0.5 US New Orders for Total Capital Goods (in millions) 76,813 71,501 5,312 7.4 Six Months Percentage Change October 2009 (96.4) to April 2010 (97.6) 1.2 (Mild Growth) Comparison of Indexes and their components (Seasonally adjusted) Note: Data has been seasonally adjusted. *Except where indicated, monthly values have been rounded to the tenth and differences, as well as percentage changes, are based on actual values. June 10 NC Today 18 The NC Employment Security Commission (ESC) paid $492,117,034 in Unemployment Insurance (UI) Benefi ts to unemployed claimants across North Carolina during May 2010. These payments include state and federally funded benefi ts. The state of North Carolina paid $194,535,924 in regular UI benefi ts to 176,980 individuals during the month, a decrease of 13,331 claimants since April 2010. The average UI weekly benefi t amount was $291.38 (maximum weekly benefi t is $505). Regular UI Initial Claims fi led during May 2010 totaled 56,007. This compares to 59,971 during April 2010. Of these claims, 23,836 or 43 percent remained attached to the employer’s payroll. Approximately 58 percent of regular UI Initial Claims fi led during May 2010 were New Initial Claims — a decrease of 2,853 from the prior month. Attached claims accounted for approximately 16 percent. Five of the state’s counties — Mecklenburg, Wake, Guilford, Catawba and Forsyth — accounted for 26 percent of regular UI Initial Claims fi led. Five of the state’s counties — Mecklenburg, Wake, Guilford, Forsyth and Gaston — accounted for 31 percent of regular UI benefi ts received during the period. During May 2010, the NC UI Trust and State Reserve Funds collected $322,497,632 in UI taxes and reported no interest. The UI Trust Fund ending May 2010 had a negative balance of $2.2 billion, with a State Reserve balance of $81.6 million. For May 2010, the UI Trust Fund had a federal loan balance of $2.2 billion. During May 2010, 22,860 Emergency Unemployment Compensation (EUC08) Initial Claims were fi led, of which 22,484 were New Claims. During the same period, 414,581 weeks were compensated for EUC08 benefi ts; 186,683 weeks for EUC II benefi ts; 143,327 weeks for EUC III, and 72,327 weeks for EUC IV. EUC Initial Claims are not included in the UI Regular Initial Claims counts. A total of $124,298,822 was paid in EUC08 benefi ts, $52,842,763 was paid in EUC II benefi ts, $38,549,289 was paid in EUC III benefi ts, and $17,912,248 was paid in EUC IV benefi ts. These benefi ts were paid through federal dollars. During May 2010, 6,917 Extended Benefi ts (EB) Initial Claims were fi led, of which 6,817 were New Claims. During the same period, 84,052 weeks were compensated for EB benefi ts. EB Initial Claims are not included in the UI Regular Initial Claims. During May 2010, $21,222,863 was paid in total EB benefi ts. EB benefi ts are paid through state, federal, and stimulus recovery funding sources. During May 2010, $549,774 was paid in Unemployment Compensation for Federal Employees (UCFE) benefi ts, $4,321,119 in Unemployment Compensation for Ex-Service Members (UCX) benefi ts, and $37,884,232 in Federal Additional Compensation (FAC) benefi ts. Source: ES-UI, LMI of ESC Note: ‘Initial Claims’ represent transactions and not individuals. *Does not include Extended Benefi ts. North Carolina Counties with the Highest Initial Claims Activity May 2010 Transactions Individuals County Initial Claims Attached To Payroll Female African- American White 45 Years and Older Regular UI Benefi ts* MECKLENBURG 4,569 988 2,021 2,105 1,677 1,485 $21,792,355 WAKE 3,424 737 1,504 1,299 1,556 1,185 $17,220,721 GUILFORD 2,968 1,288 1,247 1,417 1,086 1,102 $10,610,864 CATAWBA 1,868 1,284 743 163 1,319 878 $4,090,811 FORSYTH 1,862 698 787 686 763 690 $6,646,004 DAVIDSON 1,514 916 499 176 989 632 $3,530,608 RANDOLPH 1,506 1,095 470 87 941 576 $2,916,531 GASTON 1,457 651 532 252 1,014 533 $4,873,920 CUMBERLAND 1,381 248 683 771 409 434 $3,723,457 DURHAM 1,230 384 559 729 264 390 $4,417,286 South Atlantic United States Cost Percent Cost Percent Total Compensation $25.54 100.0% $27.73 100.0% Wages and Salaries $18.38 72.0% $19.58 70.6% Total Benefi ts $7.16 28.0% $8.15 29.4% Paid Leave $1.70 6.6% $1.88 6.8% Vacation $0.85 3.3% $0.96 3.5% Holiday $0.55 2.1% $0.60 2.2% Sick $0.21 0.8% $0.23 0.8% Personal $0.08 0.3% $0.09 0.3% Supplemental Pay $0.63 2.5% $0.81 2.9% Overtime and Premium1 $0.24 0.9% $0.26 0.9% Shift Differentials $0.07 0.3% $0.07 0.2% Nonproduction Bonuses $0.32 1.2% $0.48 1.7% Insurance $1.96 7.7% $2.22 8.0% Life $0.04 0.2% $0.04 0.2% Health $1.83 7.2% $2.08 7.5% Short-Term Disability $0.05 0.2% $0.05 0.2% Long-Term Disability $0.04 0.2% $0.04 0.2% Retirement and Savings $0.83 3.2% $0.96 3.5% Defi ned Benefi ts $0.30 1.2% $0.41 1.5% Defi ned Contribution $0.53 2.1% $0.55 2.0% Legally Required Benefi ts $2.05 8.0% $2.28 8.2% Social Security and Medicare $1.54 6.0% $1.64 5.9% Social Security2 $1.24 4.9% $1.32 4.8% Medicare $0.30 1.2% $0.32 1.2% Federal Unemployment Insurance $0.03 0.1% $0.03 0.1% State Unemployment Insurance $0.10 0.4% $0.17 0.6% Workers’ Compensation $0.38 1.5% $0.44 1.6% Compensation Per Hours Worked South Atlantic Region/United States 1st Quarter 2010 Source: Bureau of Labor Statistics, Employer Cost for Employee Compensation. 1Includes premium pay for work in addition to the regular work schedule (such as overtime, weekends and holidays). 2Comprises the Old-Age, Survivors and Disability Insurance (OASDI) program. Note: May not sum due to rounding. Not adjusted for infl ation. 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. • The South Atlantic Region’s Total Compensation of $25.54 per hour worked in 1st Qtr. 2010 is below the national average of $27.73 per hour worked. • Wages and Salaries reported during 1st Qtr. 2010 for the South Atlantic comprised 72.0 percent of Total Compensation. Nationally, Wages and Salaries comprised 70.6 percent. • The Region’s Retirement and Savings cost $0.83 and made up 3.2 percent of Total Compensation. Retirement and Savings averaged $0.96 (3.5%) nationally. • Legally Required Benefi ts was 8.0 percent of Total Compensation for the Region, which is less than the 8.2 percent reported nationally. Social Security and Medicare are now 6.0 percent of Total Compensation compared to 5.9 percent nationally. • At $1.83, Health Insurance Benefi ts comprised 7.2 percent of Total Compensation (or 25.6% of Total Benefi ts) in 1st Qtr. 2010, while comprising 7.5 percent (25.5% of Total Benefi ts) nationally. 19 June 10 NC Today Announced Business Closings/Layoffs: Data derived from a statewide survey of newspaper accounts of closings and layoffs, and from information supplied to the North Carolina Employment Security Commission (ESC) by the employing units experiencing the layoffs. The data is not inclusive and is not analyzed or evaluated for accuracy. Average Hourly Earnings: The average hourly earnings of all workers in selected industries. Earnings are calculated monthly from data collected through the Current Employment Statistics (CES) Program. Average Weekly Hours: The average hours worked in a week for all workers in selected industries. They are calculated monthly from data collected through the Current Employment Statistics (CES) Program. Benchmark: The annual process of re-estimating statistics as more complete information becomes available. Estimates are usually calculated using only a sample of the universe (total count). Benchmarking introduces new levels as points of reference (either estimates or counts) from which measurements and/or adjustments to estimates are based. Both industry employment collected by the Current Employment Statistics (CES) program and civilian labor force estimates provided by the Local Area Unemployment Statistics (LAUS) program are benchmarked. Bureau of Labor Statistics (BLS): The federal agency that functions as the principal data-gathering source for labor economics for the federal government. As a part of the U.S. Department of Labor and in partnership with state agencies, the BLS collects, processes, analyzes, and disseminates data relating to employment, unemployment, the labor force, productivity, prices, family expenditures, wages, industrial relations, and occupational safety and health. Civilian Labor Force: All persons in the civilian noninstitutional population (e.g., not on active duty in the Armed Forces, residing in penal, mental facilities or homes for the aged), 16 years of age and older and classifi ed as either employed or unemployed. These estimates are calculated based on residency, not work location. Civilian Noninstitutional Population: All persons 16 years of age and older who reside in the United States, are not institutionalized or on active duty in the Armed Forces. Coincident Index: A tool that indicates the current economic conditions for the state. The index is seasonally adjusted and consists of six variables: North Carolina’s Total Nonagricultural Employment, NC Taxable Retail Sales, Richmond Manufacturing Index, NC Unemployment Rate, NC Average Hours Manufacturing (production only), and the Consumer Price Index (CPI) for Southern Region, which adjusts Real Retail Sales by taking into account infl ation. Consumer Price Index (CPI): A report produced by the U.S. Bureau of Labor Statistics that measures infl ation by comparing monthly costs paid by urban consumers for a basket of goods and services. Current Employment Statistics (CES): A federal Bureau of Labor Statistics (BLS)/state Employment Security Commission (ESC) cooperative program which performs a monthly survey of approximately 12,000 businesses in North Carolina that collects information as to the number of jobs on the payroll during the week that includes the 12th of that month. This data, which represents employment by industry division, are commonly referred to as the “establishment survey,” “industry employment” or the “wage and salary employment series.” Each month, the CES program releases preliminary employment and hours and earnings data for the prior month and revised data for the month preceding the prior month. Estimates are benchmarked annually at the beginning of each to refl ect additional data collection. Estimates are calculated based on work location, not residency. Individuals who hold more than one job could be counted more than once. Current Population Survey (CPS) or “Household Survey”: A monthly household survey conducted by the Census Bureau for the Bureau of Labor Statistics (BLS). The information gathered from a sample of about 60,000 households nationally (approximately 1,500 households in North Carolina) is designed to be a representation of the civilian noninstitutional population aged 16 years and older and is used in calculating estimates of the civilian labor force, employment, unemployment and the unemployment rate for all states. Unlike the CES survey, individuals who participate in this survey and who are working at more than one job, are counted as employed only once. Discouraged Workers (Current Population Survey): Persons not in the labor force who want and are available for a job, and who have looked for work sometime in the past 12 months (or since the end of their last job if held within the past 12 months), but who are not currently looking because they believe there are no jobs available or there are none for which they would qualify. Glossary of Terms June 10 NC Today 20 Durable Goods: Known as “hard goods,” the term refers to manufactured or processed items generally considered to have a normal life expectancy of three years or more. The durable goods manufacturing industries are: Furniture & Related Product; Wood Product; Nonmetallic Mineral Product; Fabricated Metal Product; Machinery; Computer & Electronic Product; Electrical Equipment & Appliance, Transportation Equipment and Furniture & Related Product. Economic Indicators: Key statistics showing the direction of the economy. Among them are the unemployment insurance claims, infl ation rate, factory utilization rate and balance of trade. They also include measurements of various economic and business movements and activities of a community (e.g. employment, unemployment, hours worked, income, savings, volume of building permits and volume of sales) whose fl uctuations affect and may be used to determine overall economic trends. 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 12th day of the month. The data exclude proprietors, the unincorporated self-employed, unpaid volunteer or family workers, farm workers, and domestic workers. Salaried offi cers 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 fi rm), 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 12th 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. 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 Classifi cation System (NAICS) groups similar establishments into industries. Initial Claim: Includes new and additional initial claims. An additional initial claim is a subsequent initial claim fi led to reopen a claim series during an existing benefi t 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. Job Leavers: An unemployment category describing individuals who quit or otherwise terminate their employment voluntarily and immediately begin looking for work. Job Losers: An unemployment category describing persons (a) who are on temporary layoff, who have been given a date to return to work or who expect to return within six months or (b) whose employment ended voluntarily and began looking for work. 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). 21 June 10 NC Today Labor Market Information (LMI): A term used to describe the delivery of labor force, employment, unemployment, wage, supply and demand, occupational, industrial and economic and demographic data for the analysis of manpower problems. Labor Supply: The number of workers who are unemployed and seeking work, or who would seek employment if they believed jobs were available. Layoff: Suspension from pay by the company for reasons such as lack of orders, plant breakdown, and shortage of materials or termination of seasonal or temporary employment. Leading Index: A tool that predicts future changes in the state’s economy. The seven variables included in the index are seasonally adjusted and consist of the Coincident Index, the North Carolina-Based Companies’ Average Stock Price, the state’s Average Hours in Manufacturing (production only), Initial Unemployment Insurance Claims, Residential Building Permits (statewide), and two indicators of the national economy: New Orders for Total Capital Goods and New Orders for Nondefense Goods. Local Area Unemployment Statistics (LAUS): A federal Bureau of Labor Statistics (BLS)/state Employment Security Commission (ESC) 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. Metropolitan Statistical Area (Metro): A federal Offi ce of Management and Budget (OMB) defi ned area having at least one urbanized area with a population of 50,000 or more. Metros 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 Metros consisting of 39 counties. New Business Openings: Data derived from a statewide survey of newspaper accounts of new business openings and from information supplied to the North Carolina Employment Security Commission (ESC) by the new employing units. The data is not inclusive and is not analyzed or evaluated for accuracy. New Claimants: The fi rst initial claim fi led in person, by mail, telephone, or other means within a benefi t year to request a determination of entitlement and compensation. This results in an agency-generated document of an appealable determination provided to the potential claimant. New Entrants: An unemployment category comprised of individuals who have never worked. 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 Products; Textiles; Apparel; Paper; Printing; Chemical; and Plastics & Rubber Manufacturing. North American Industry Classifi cation (NAICS): An industrial classifi cation 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. Classifi cation is by major economic group or sector (two-digit), economic subsector (three-digit), industry group (four-digit), international industry level (fi ve-digit), and national industry level (six-digit, optional) in order of increasing detail. Conversion from Standard Industrial Classifi cation system (SIC) to NAICS was a three-year cycle that began with data collected in 1999. CES industries are often combinations of several NAICS codes. Not in the Labor Force-Other Reasons: Individuals who are not counted as unemployed because they are not actively seeking work for such reasons as school, family responsibilities, ill health or transportation problems. Not Seasonally Adjusted: An economic time series that is not statistically adjusted to eliminate seasonal fl uctuations 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. Race (White, Black or African American, and Asian): Terms used to describe the identity of respondents to the Current Population Survey (CPS). Individuals in these categories are those who selected that race group only. Others who selected the remaining groups (American Indian, Alaska Native, Native Hawaiian or Other Pacifi c Islanders) or selected more than one race category are included in the total labor force estimates, but are not shown separately because the number of respondents is too small to develop estimates. June 10 NC Today 22 Re-entrants: An unemployment category comprised of individuals who previously worked, but who have been out of the labor force prior to beginning their most recent job search. Seasonally Adjusted: A statistical adjustment eliminating the infl uence of weather, holidays, the opening and closing of schools and other recurring seasonal events from an economic time series. By smoothing these seasonal fl uctuations, 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; Educational & Health; Leisure & Hospitality; Other and Government. Survey Week: The week each month that includes the 12th 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 12th of the month, but were available for work, had made specifi c efforts to fi nd 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]. Weeks Claimed: Weeks covered for which waiting period credit or payment of compensation is requested. 23 June 10 NC Today Prepared By: Employment Security Commission of North Carolina (ESC), Labor Market Information Division (LMI) www.ncesc.com |
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