Labor market overview : Charlotte Works Workforce Development Board [2020 : January]

LABOR MARKET OVERVIEW W CHARLOTTE WORKS Charlotte Works Workforce Development Board Regional Labor Market Snapshot 5-Year Percent Change in Number Employed* Charlotte Works Region Source: LAUS. Labor & Economic Analysis, NC Depi. of Commerce in vO vO чО vO h- £ CO CO CO CO O' O' O' O' > -Q >N 00 > -O 00 > JO >N 00 > -O 00 > о Q) ro D О <u CO D о Q) ro D о <u CO D о 2 u_ 2 < 2 Li- 2 < 2 u_ 2 < 2 U- 2 < 2 January 2020 Trending UNEMPLOYMENT* November 2019 Charlotte Works Total = 20,466 Current Previous Region 3.2% 3.4% NC 3.4% 3.6% US 3.3% 3.3% November 2019 Employment & Wages 2nd Quarter 2019 by Supersector Establishments Avg. Employment Avg. Weekly Wage Natural Resources & Mining 53 1,542 $858.86 Construction 3,042 35,717 $1.264.53 Manufacturing 1,017 34,249 $1,358.48 Trade. Transportation, & Utilities 7.850 143,933 $1,018.93 Information 862 19,350 $1,579.43 Financial Activities 5,108 85,509 $2.021.22 Professional & Business Services 9,770 154,746 $1,409.36 Education & Health Services 4,049 118,050 $1,108.62 Leisure & Hospitality Services 3,735 82,740 $524.93 Other Services 3,476 18,866 $817.67 Public Administration 66 18,785 $1,235.37 ‘November 2019 data are preliminary, previous month's data are revised while all other data have undergone annual revision All data produced in this publica¬ tion 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/le3d/lmo. REGIONAL EMPLOYMENT* Charlotte Works Total = 611,428 5,463 Fewer People Working in November than previous month 15,049 More People Working than same period one year ago METRO JOB GROWTH* Charlotte Total = 1,252,800 3,200 More Jobs in November than previous month 28,800 More Jobs than same period one year ago TAXABLE RETAIL SALES Charlotte Works Total = $2,050,745,408 7.3% Higher than same period one year ago Source: NC Dept, of Revenue Note: October 2019 data most current available at time of release. ONLINE JOB ADS 62,082 Online Advertised Vacancies over past 90 days 5,284 Fewer Vacancies than same period one year ago Source: LEAD/The Conference Board NC Department of Commerce I Labor & Economic Analysis Division I 919.707.1500 I leadtanccommerce.com