Labor market overview : Charlotte Works Workforce Development Board [2019 : May]

LABOR MARKET OVERVIEW W CHARLOTTE WORKS Charlotte Works Workforce Development Board May 2019 Regional Labor Market Snapshot Trending 5-Year Percent Change in Number Employed* Charlotte Works Region Source: LAUS. Labor & Economic Analysis, NC Depi. of Commerce 15% 10% 5% 0% in in in in sO vO О sO is l4- CO CO CO CO O' *1" • — «-j- « — rj- *-J- '-j- '-p «I- > — '-j- l_ c Q_ U i_ c Q- 0 L_ C Q. U i_ c Q- 0 L_ (0 о 1 <D CO D <D Q) CO (D Ф CO D <U Q) (0 2 —) l P o 2 c n □ 2 if) Q 2 c n □ 2 UNEMPLOYMENT* March 2019 Charlotte Works Total = 23,594 Current Previous Region 3.8% 3.9% NC 4.1% 4.2% US 3.9% 4.1% March 2019 Unemployment Rates* Charlotte Works 3.8% 3.2 3.9 4.7 6.0 7.9 11.5 Community Investment Report Top Announced Projects 2018 Annual Data County Company Announced Jobs Mecklenburg Amazon 1,500 Mecklenburg Honeywell 750 Mecklenburg EY (Ernst & Young LLP) 375 Mecklenburg Cognizant Technology Solutions Corporation 300 Mecklenburg UPS 120 Mecklenburg Xylem 119 Mecklenburg Krispy Kreme 90 Mecklenburg Kurz 90 Mecklenburg Kurz Transfer Products 90 Mecklenburg 2U Laundry 74 ‘March 2019 data are preliminary, previous months data are revised while all other data have undergone annual revision All data produced in this publication are generated by LEAD unless otherwise stated. This workforce product was funded fcy a grant awarded by the U.S. Department of Labor's Employment and Training Administration. For more information, please visit http://Www.nccommerce.com/le3d/lmo. REGIONAL EMPLOYMENT* Charlotte Works Total = 603,616 8,219 More People Working in March than previous month 17,186 More People Working than same period one year ago METRO JOB GROWTH* Charlotte Total = 1,224,000 12,700 More Jobs in March than previous month 29,200 More Jobs than same period one year ago TAXABLE RETAIL SALES Charlotte Works Total = $1,784,589,156 7.6% Higher than same period one year ago Source: NC Dept, of Revenue Note: February 2019 data most current available at time of release. ONLINE JOB ADS 34,013 Online Advertised Vacancies over past 90 days 984 Fewer Vacancies than same period one year ago Scurce: The Conference Board Help Wanted Online NC Department of Commerce I Labor & Economic Analysis Division I 919.707.1500 I leadtanccommerce.com