Charlotte Works Workforce Development Board : labor market overview [2017 : September]

LABOR MARKET OVERVIEW W CHARLOTTE WORKS Charlotte Works Workforce Development Board September 2017 Regional Labor Market Snapshot Trending 5-Year 20% Percent Change in Number 15% Employed* 10% 5% Charlotte Works 0% Region -5% Source: LAUS. Labor & Economic Analysis, NC Dept, of Commerce UNEMPLOYMENT* July 2017 Charlotte Works Total = 25,104 Current Previous (^) Region 4.2% 4.0% (^) NC 4.5% 4.2% (^) US 4.6% 4.5% Charlotte Works 4.2% Employment & Wages 1st Quarter 2017 by Supersector Establishments Avg. Employment Avg. Weekly Wage Natural Resources & Mining 47 1,243 $955.93 Construction 2,760 31,510 $1,313.14 Manufacturing 1.012 33,432 $1,621.82 Trade, Transportation, & Utilities 7,865 141,608 $1,068.98 Information 802 22,963 $2,175.39 Financial Activities 4.801 72,607 $3,217.13 Professional & Business Services 9,149 143,833 $1,770.90 Education & Health Services 3,795 112,576 $1,097.36 Leisure & Hospitality Services 3,447 72,532 $496.70 Other Services 3,266 17.096 $793.79 Public Administration 67 17,723 $1,157.53 ‘July 2017 data are preliminary, previous month’s data are revised while all other data have undergone annual revision. All data produced in this publicatbn are generated by LEAD unless otherwise stated. This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. For more information, please visit http://www.nccommerce.com/lead/lmo. REGIONAL EMPLOYMENT* Charlotte Works Total = 574,035 1,342 More People Working in July than previous month 16,280 More People Working than same period one year ago METRO JOB GROWTH* Charlotte Total = 1,162,900 19,800 Fewer Jobs in July than previous month 28,000 More Jobs than same period one year ago TAXABLE RETAIL SALES Charlotte Works Total = $1,811,904,008 6% Higher than same period one year ago Source: NC Dept, of Revenue Note: Jjty 2017 data most current available at time of release. ONLINE JOB ADS 59,195 Online Advertised Vacancies over past 90 days 205 Fewer Vacancies than same period one year ago Soiree: The Conference Board Help Wanted Online NC Department of Commerce I Labor & Economic Analysis Division I 919.707.1500 I leadtanccommerce.com