Labor market overview : Piedmont Triad Regional Workforce Development Board [2020 : May]

LABOR MARKET OVERVIEW Piedmont Triad Regional Workforce Development Board Regional Labor Market Snapshot 5-Year Percent Change in Number Employed* Piedmont Triad Region 4% 2% o% -2% Source: LAL6. Labor & Economic Analysis. NC Dept, of Commerce March 2020 Unemployment Rates* Surry 4.2% ;^j Stokes 4.0% t Rockingham 4.8% f Caswell 5.0% © Yadkin 3.9% t Forsyth 4.0% t * Davie 3.8% t Northwest Piedmont 4.1% 3.4 4.1 4.8 5.8 7.5 13.1 Workforce Adjustment and Retraining Notification (WARN) Effective March 1, 2020 or Later Company Name Employee County Effective Date Layoff/Closure Vitro Automotive Glass 375 Surry 03/23/2020 Layoff Temp. Hospitality Ventures Mangement - Winston-Salem 101 Forsyth 03/16/2020 Layoff Temp. Embassy Suites And Benton Convention Center 85 Forsyth 03/16/2020 Layoff Temp. Image One 30 Forsyth 03/20/2020 Layoff Temp. Carolina Eye Associates 9 Forsyth 03/20/2020 Layoff Temp. Mitchell Bartlett-Bell 8 Forsyth 04/09/2020 Layoff Temp. Ahern Rentals Forsyth 03/30/2020 Layoff Perm. “March 2020 data are preliminary, previous month's data are revised while all other data have undergone annual revision All data produced in this publication are generated by LEAD unless otherwise staled. 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/lmQ. Piedmont Triad regional Workforce Development Board May 2020 Trending UNEMPLOYMENT* March 2020 Piedmont Triad Regional Total = 13,579 Current Previous Region 4.1% 3.6% NC 4.2% 3.7% US 4.5% 3.8% REGIONAL EMPLOYMENT* Piedmont Triad Regional Total = 313,972 10,270 Fewer People Working in March than previous month 9,229 Fewer People Working than same period one year ago METRO JOB GROWTH* Greensboro-High Point Total = 362,000 200 Fewer Jobs in March than previous month Winston-Salem Total = 270,100 500 Fewer Jobs in March than previous month TAXABLE RETAIL SALES Piedmont Triad Region¬ al Total - $659,354,650 2.7% Higher than same period one year ago Source: NC Dept, of Revenue Note: February 2020 data most current available at time of release. ONLINE JOB ADS 19,534 Online Advertised Vacancies over past 90 days 68 More Vacancies than same period one year ago Source: LEAD/ The Conference Board NC Department of Commerce I Labor & Economic Analysis I 919.707.1500 I lead0nccommerce.com