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When seasonal fluctuations are controlled for by examining a twelve month average unemployment rate,
<br />Orange County (6.4 %) has the lowest rate. Aside from Orange, Currituck (6.6 %), Gates (7.3 %) and Chatham
<br />(7.3 %) had rates below 7.5 %. Graham, Scotland, Edgecombe, and Rutherford had 12 -month rates exceeding
<br />15 %. The median 12 -month county unemployment rate was 10.7 %, down from 10.9% in September.
<br />Preliminary data suggest:
<br />• for the year -to -date monthly average nonfarm employment is at 2001 levels.
<br />• Since last month (September 2010) North Carolina no net change in nonfarm payroll jobs.
<br />o The Leisure and Hospitality sector lost 4,000 jobs, likely due to the end of the summer vacation season.
<br />o Government and financial Activities also lost more than 1,000 jobs during the month.
<br />• Over the past twelve months the state has experienced an increase in employment of almost 26,000 jobs.
<br />• The Government, Professional & Business Services, and Education & Health Services sectors all
<br />experienced significant gains.
<br />• Construction and Other Services have experienced the largest employment decline.
<br />• Since the start of the recession the state has lost a net of 267,800 non -farm jobs.
<br />o Manufacturing, Construction, and Trade, Transportation & Utilities have lost more than 60,000 jobs.
<br />U.S. Bureau of Labor Statistics, Economy at a Glance Data, Nonfarm Wage and Salary Employment
<br />The number of combined announced closings and layoffs' decreased significantly between September and
<br />October. The number of workers affected by these closings and layoffs also decreased and were lower than
<br />the 4 -month and 12 -month averages.
<br />Announced
<br />Business
<br />Closings and Layoffs
<br />North Carolina
<br />Nonfarm
<br />..
<br />Previous Month
<br />Last Year -Same Month
<br />Start of Recession
<br />Sector
<br />Sept -10
<br />Ott -10
<br />(10 /10 compared to 9/10)
<br />(10/10 compared to 10/09)
<br />(10 /10 comp are d to 12/07)
<br />47
<br />(revised)
<br />(preliminary)
<br />1,887
<br />1,360
<br />2,463 2,150
<br />Change %Change
<br />Change %Change
<br />Change %Change
<br />Mining & Logging
<br />5,900
<br />6,100
<br />200
<br />3.4%
<br />200
<br />3.4%
<br />(800)
<br />-11.6%
<br />Construction
<br />171,300
<br />171,800
<br />Soo
<br />0.3%
<br />(13,700)
<br />-7.4%
<br />(79,900)
<br />-31.7%
<br />Manufacturing
<br />432,600
<br />432,500
<br />(100)
<br />0.0%
<br />(4,500)
<br />-1.0%
<br />(99,900)
<br />-18.8%
<br />Trade, Transportation, &Utilities
<br />714,100
<br />716,000
<br />1,900
<br />0.3%
<br />2,100
<br />0.3%
<br />(64,100)
<br />-8.2%
<br />Information
<br />71,200
<br />70,900
<br />(300)
<br />-0.4%
<br />1,800
<br />2.6
<br />(1,300)
<br />-1.8%
<br />Financial Activities
<br />199,300
<br />198,000
<br />(1,300)
<br />-0.7
<br />(1,500)
<br />-0.8%
<br />(14,200)
<br />-6.7%
<br />Professional & Business Services
<br />481,400
<br />482,200
<br />goo
<br />0.2%
<br />27,000
<br />5.9%
<br />(24,400)
<br />-4.8%
<br />Education & Health Services
<br />544,700
<br />S48,700
<br />4,000
<br />0.7%
<br />7,300
<br />1.3%
<br />15,900
<br />3.0%
<br />Leisure &Hospitality
<br />393,900
<br />389,900
<br />(4,000)
<br />-1.0
<br />(1,200)
<br />-0.3%
<br />(15,200)
<br />-3.8%
<br />Other Services
<br />159,300
<br />159,700
<br />400
<br />0.3%
<br />(7,500)
<br />-4.5%
<br />(15,800)
<br />-9.0%
<br />Government
<br />728,000
<br />725,900
<br />2,100)
<br />-0.3%
<br />15,900
<br />2.2%
<br />31,900
<br />4.6%
<br />Total Nonfarm Employment
<br />3,901,700[___X
<br />X01,700
<br />0
<br />1 O.Oq
<br />25,900
<br />0.7%
<br />(267,800)
<br />-6.4%
<br />U.S. Bureau of Labor Statistics, Economy at a Glance Data, Nonfarm Wage and Salary Employment
<br />The number of combined announced closings and layoffs' decreased significantly between September and
<br />October. The number of workers affected by these closings and layoffs also decreased and were lower than
<br />the 4 -month and 12 -month averages.
<br />N.C. Employment Security Commission, Announced Business Closings and Permanent Layoffs Data
<br />1 These data are derived from a statewide survey of newspaper accounts of closings and layoffs and from information supplied to the Employment
<br />Security Commission of North Carolina by the employing units experiencing the closings /layoffs. These data are not all inclusive and do not meet the
<br />Labor Market Information Division standard for accuracy.
<br />Policy, Research & Strategic Planning; November 2010 Report
<br />A0asJ4T number 2
<br />1 -1
<br />Announced
<br />Business
<br />Closings and Layoffs
<br />in North Carolina
<br />Sept -10
<br />Oct -10
<br />4 Month Average 12 Month Average
<br />(revised)
<br />(preliminary)
<br />(Beg. of7 /10 - End of 10/10) (Beg. of 11/09 - End of 10 /10)
<br />Announced Closings & Layoffs
<br />173
<br />47
<br />112 96
<br />Approximate # of Workers Affected
<br />1,887
<br />1,360
<br />2,463 2,150
<br />N.C. Employment Security Commission, Announced Business Closings and Permanent Layoffs Data
<br />1 These data are derived from a statewide survey of newspaper accounts of closings and layoffs and from information supplied to the Employment
<br />Security Commission of North Carolina by the employing units experiencing the closings /layoffs. These data are not all inclusive and do not meet the
<br />Labor Market Information Division standard for accuracy.
<br />Policy, Research & Strategic Planning; November 2010 Report
<br />A0asJ4T number 2
<br />1 -1
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