Sept2015ncemploymentfiguresplusnctoday

North Carolina's September 2015 Employment Figures via the NC Department of Commerce
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For Immediate Release: October 20, 2015 For More Information, Contact: Kim Genardo/919.733.3438 North Carolina’s September Employment Figures Released RALEIGH — The state’s seasonally adjusted September unemployment rate was 5.8 percent, decreasing 0.1 of a percentage point from August’s revised rate. The national rate remained unchanged at 5.1 percent. North Carolina’s September 2015 unemployment rate was unchanged from a year ago. The number of people employed increased 3,670 over the month to 4,476,319 and increased 118,509 over the year. The number of people unemployed decreased 4,664 over the month to 276,072, and increased 7,090 over the year. Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 4,700 to 4,259,600 in September. The major industry with the largest over-the-month increase was Leisure & Hospitality Services at 4,000, followed by Financial Activities, 3,100; Education & Health Services, 2,800; Professional & Business Services, 1,900; and Other Services, 700. Major industries experiencing decreases were Construction, 3,300; Government, 1,600; Manufacturing, 1,000; Trade, Transportation & Utilities, 900; Information, 700; and Mining & Logging, 300. Seasonally Adjusted Unemployment Rates since September 2014 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015 2015 2015 N.C. 5.8 5.7 5.5 5.4 5.3 5.3 5.4 5.5 5.7 5.8 5.9 5.9 5.8 U.S. 5.9 5.7 5.8 5.6 5.7 5.5 5.5 5.4 5.5 5.3 5.3 5.1 5.1 *2014 Numbers Have Been Annually Revised* Since September 2014, Total Nonfarm jobs gained 107,600 with the Total Private sector growing by 111,000 and Government decreasing by 3,400. The largest over-the-year increase among major industries was Professional & Business Services at 21,600, followed by Leisure & Hospitality Services, 18,700; Trade, Transportation & Utilities, 16,600; Education & Health Services, 15,500; Manufacturing, 11,900; Construction, 10,100; Financial Activities, 8,800; Other Services, 6,600; and Information, 1,500. Major industries experiencing a decrease over the year were Government, 3,400; and Mining & Logging, 300. The next unemployment update is scheduled for Wednesday, October 28, 2015 when the county unemployment rates for September 2015 will be released. This information may be accessed on the Commerce website at http://www.nccommerce.com/lead North Carolina data is embargoed until 10:00 A.M. Tuesday, October 20, 2015 Month Ago Numeric Percent Change September 2014 Change September 2015 August 2015 North Carolina (Local Area Unemployment Statistics) Year Ago Numeric Percent Change Change Smoothed Seasonally Adjusted Labor Force 4,752,391 4,753,385 4,626,792 -994 > -0.1 125,599 2.7 Employed 4,476,319 4,472,649 4,357,810 3,670 0.1 118,509 2.7 276,072 280,736 268,982 -4,664 -1.7 7,090 2.6 5.8 5.9 5.8 -0.1 xxx 0.0 xxx Labor Force 4,753,812 4,748,197 4,641,566 5,615 0.1 112,246 2.4 Employed 4,496,725 4,459,568 4,379,832 37,157 0.8 116,893 2.7 257,087 288,629 261,734 -31,542 -10.9 -4,647 -1.8 5.4 6.1 5.6 -0.7 xxx -0.2 xxx Labor Force 156,715,000 157,065,000 155,845,000 -350,000 -0.2 xxx xxx Employed 148,800,000 149,036,000 146,607,000 -236,000 -0.2 xxx xxx 7,915,000 8,029,000 9,237,000 -114,000 -1.4 xxx xxx 5.1 5.1 5.9 0.0 xxx xxx xxx Labor Force 156,607,000 157,390,000 155,903,000 -783,000 -0.5 xxx xxx Employed 148,980,000 149,228,000 146,941,000 -248,000 -0.2 xxx xxx 7,628,000 8,162,000 8,962,000 -534,000 -6.5 xxx xxx 4.9 5.2 5.7 -0.3 xxx xxx xxx Unemployed Unemployment Rate Not Seasonally Adjusted Unemployed Unemployment Rate United States (Current Population Survey) Seasonally Adjusted Unemployed Unemployment Rate Not Seasonally Adjusted Unemployed Unemployment Rate *Effective January 2015, updated US population estimates are used in the national labor force estimates, The annual population adjustments affect the comparability of national labor force estimates over time. 2015 estimates for the current month are preliminary. Estimates for the previous month have undergone monthly revision. 2014 estimates have undergone annual revision. North Carolina data is embargoed until 10:00 A.M., Tuesday, October 20, 2015 Month Ago September 2015 August 2015 September 2014 Numeric Change Year Ago Percent Change Numeric Change Percent Change North Carolina (Current Employment Statistics) Seasonally Adjusted Total Nonfarm 4,259,600 4,254,900 4,152,000 4,700 0.1 107,600 2.6 Total Private 3,548,900 3,542,600 3,437,900 6,300 0.2 111,000 3.2 5,200 5,500 5,500 -300 -5.5 -300 -5.5 Construction 189,700 193,000 179,600 -3,300 -1.7 10,100 5.6 Manufacturing 461,600 462,600 449,700 -1,000 -0.2 11,900 2.6 Trade, Transportation & Utilities 795,100 796,000 778,500 -900 -0.1 16,600 2.1 74,700 75,400 73,200 -700 -0.9 1,500 2.0 Financial Activities 222,300 219,200 213,500 3,100 1.4 8,800 4.1 Professional & Business Services 598,000 596,100 576,400 1,900 0.3 21,600 3.7 Education & Health Services 584,100 581,300 568,600 2,800 0.5 15,500 2.7 Leisure & Hospitality Services 462,000 458,000 443,300 4,000 0.9 18,700 4.2 Other Services 156,200 155,500 149,600 700 0.5 6,600 4.4 Government 710,700 712,300 714,100 -1,600 -0.2 -3,400 -0.5 Total Nonfarm 4,269,000 4,260,600 4,170,400 8,400 0.2 98,600 2.4 Total Private 3,555,000 3,578,300 3,455,000 -23,300 -0.7 100,000 2.9 5,300 5,600 5,600 -300 -5.4 -300 -5.4 Construction 192,900 195,100 182,600 -2,200 -1.1 10,300 5.6 Manufacturing 463,100 463,900 451,800 -800 -0.2 11,300 2.5 Trade, Transportation & Utilities 789,900 796,500 776,600 -6,600 -0.8 13,300 1.7 74,600 76,300 72,700 -1,700 -2.2 1,900 2.6 Financial Activities 222,900 223,700 214,000 -800 -0.4 8,900 4.2 Professional & Business Services 600,900 601,700 580,800 -800 -0.1 20,100 3.5 Education & Health Services 582,200 576,200 569,200 6,000 1.0 13,000 2.3 Leisure & Hospitality Services 467,600 482,600 451,900 -15,000 -3.1 15,700 3.5 Other Services 155,600 156,700 149,800 -1,100 -0.7 5,800 3.9 Government 714,000 682,300 715,400 31,700 4.6 -1,400 -0.2 Mining & Logging Information North Carolina (Current Employment Statistics) Not Seasonally Adjusted Mining & Logging Information Mfg. Production Workers (PW) Not Seasonally Adjusted Mfg. PW Average Hourly Earnings Mfg. PW Hours Worked $17.04 $17.05 $16.66 41.8 42.1 43.9 All 2015 Labor Force and CES data for the current month are preliminary. All 2014 Labor Force and CES estimates have been benchmarked. Estimates may not add to totals due to rounding. September 2015 North Carolina Labor Market Conditions The North Carolina smoothed seasonally adjusted unemployment rate was 5.8 percent in September, decreasing 0.1 of percentage point from the previous month, and remaining unchanged from September 2014. Over the month, the number of persons unemployed fell by 4,664 (1.7%). The civilian labor force decreased by 994 (>-0.1%) to 4,752,391. United States/North Carolina Unemployment Rates September 2014–September 2015 (Smoothed Seasonally Adjusted**) 7.0 6.0 5.9 5.8 Percent 5.0 5.7 5.7 5.8 5.5 5.6 5.4 5.7 5.3 5.5 5.3 5.5 5.4 5.4 5.5 5.5 5.7 5.9 5.8 5.3 5.3 5.9 5.1 5.8 5.1 4.0 3.0 2.0 1.0 0.0 Sept. Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015 2015 2015 United States North Carolina **US data are not smoothed. North Carolina Total Nonfarm Employment September 2014–September 2015 (Seasonally Adjusted) 4,300 In Thousands 4,250 Seasonally adjusted Total Nonfarm industry employment (4,259,600) increased 4,700 (0.1%) since August 2015, and 107,600 (2.6%) since September 2014.1 Private sector employment grew over the month by 6,300 (0.2%), and by 111,000 (3.2%) over the year. Of the major industries for which payroll data are seasonally adjusted, Leisure & Hospitality Services had the largest overthe-month gain in jobs (4,000; 0.9%), followed by Financial Activities (3,100; 1.4%), Education & Health Services (2,800; 0.5%), Professional & Business Services (1,900; 0.3%), and Other Services (700; 0.5%). Construction (3,300; 1.7%) reported the largest over-the-month decrease, followed by Government (1,600; 0.2%), Manufacturing (1,000; 0.2%), Trade, Transportation & Utilities (900; 0.1%), Information (700; 0.9%), and Mining & Logging (300; 5.5%). 4,200 4,150 4,100 4,050 4,000 Sept. Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015 2015 2015 (Seasonally Adjusted) 900 Since September 2014, Professional & Business Services added the largest number of jobs (21,600; 3.7%), followed by Leisure & Hospitality Services (18,700; 4.2%), Trade, Transportation & Utilities (16,600; 2.1%), Education & Health Services (15,500; 2.7%), Manufacturing (11,900; 2.6%), Construction (10,100; 5.6%), Financial Activities (8,800; 4.1%), Other Services (6,600; 4.4%), and Information (1,500; 2.0%). Government reported the largest over-the-year loss of 3,400 (0.5%), followed by Mining & Logging (300; 5.5%). 1 It is important to note that industry employment estimates are subject to large seasonal patterns. Seasonal adjustment factors are applied to the data. However, these factors may not be fully capturing the seasonal trend. Therefore, when interpreting the changes in industry employment, it is advisable to focus on over-the-year changes in both the seasonally adjusted and not seasonally adjusted series. Changes in Employment by NAICS Industries September 2014 Compared to September 2015 +16.6 800 -3.4 700 In Thousands Nationally, September’s unemployment rate was 5.1 percent. The number of persons unemployed was 7,915,000, while the civilian labor force was 156,715,000. +21.6 600 +15.5 +11.9 500 +18.7 400 300 200 +8.8 +10.1 100 0 +6.6 +1.5 Construction Manufacturing Trade, Transportation & Utilities Information Financial Activities September 2014 Professional & Business Services Education & Health Services Leisure & Hospitality Services Other Services Government September 2015 *N.C. current month data are preliminary, while all other 2015 data are revised, and 2014 data have undergone annual revision. U.S. data have undergone annual revision. Labor & Economic Analysis | North Carolina Department of Commerce | 1 of 2 North Carolina Labor Market Conditions Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) showed an increase of 77,300 (2.2%) jobs. Professional & Business Services experienced the largest employment increase at 20,100 (3.5%), followed by Leisure & Hospitality Services (15,700; 3.5%), Trade, Transportation & Utilities (13,300; 1.7%), Education & Health Services (13,000; 2.3%), Financial Activities (8,900; 4.2%), Other Services (5,800; 3.9%) and Information (1,900; 2.6%). Government (1,400; 0.2%) had the only over-the-year decrease. The Goods Producing sector grew by 21,300 (3.3%) jobs over the year. Manufacturing (11,300; 2.5%) and Construction (10,300; 5.6%) both reported increases. Mining & Logging reported a decrease of 300 (5.4%). Food had the largest manufacturing employment with 52,000 in September 2015. Fabricated Metal Product had the largest net over-the-year increase at 3,200. Other manufacturing industries with gains were: Furniture & Related Product, 2,400; Plastics & Rubber Products, 2,200; Transportation Equipment, 1,400; Machinery, 1,200; Wood Product, 1,000; Chemical, 300; and Electrical Equipment, Appliance & Component, 100. Average Weekly Hours for manufacturing production workers in September decreased 18 minutes from August’s revised rate of 42.1. Average Hourly Earnings fell by $0.01 to $17.04, as Average Weekly Earnings declined $5.54 to $712.27. Regular Initial Claims for Unemployment Insurance (UI) totaled 15,934 in September, decreasing 365 from August. Less than 1 percent of Initial Claims for September 2015 were “attached” to a payroll, meaning that employees expect to be recalled to their jobs. A total of $19,999,002 in regular UI benefits was paid in September to 23,953 claimants statewide — a decrease of 4,828 claimants since August 2015. For the 12-month period ending September 2015, $302,424,593 was paid under the Regular UI Program. The UI Trust Fund balance at the end of September was $757,839,064. The State Reserve Fund balance was $202,050,128. Selected Manufacturing Industries With Job Gains September 2014–September 2015 (Not Seasonally Adjusted) 4.0 3.2 In Thousands 3.0 2.4 2.2 2.0 1.4 1.2 1.0 1.0 0.0 Fabricated Metal Product Furniture & Related Product Plastics & Rubber Transportation Equipment Machinery Wood Product Selected Service Industries With Job Gains September 2014–September 2015 (Not Seasonally Adjusted) 20.0 15.0 In Thousands The September 2015 not seasonally adjusted Total Nonfarm employment level of 4,269,000 was 8,400 (0.2%) more than the August 2015 revised employment level of 4,260,600. Among the major industries in North Carolina, Government had the largest over-the-month increase in employment at 31,700 (4.6%), followed by Education & Health Services (6,000; 1.0%). Leisure & Hospitality Services (15,000; 3.1%) had the largest over-the-month decrease, followed by Trade, Transportation & Utilities (6,600; 0.8%), Construction (2,200; 1.1%), Information (1,700; 2.2%), Other Services (1,100; 0.7%), Professional & Business Services (800; 0.1%), Financial Activities (800; 0.4%), Manufacturing (800; 0.2%), and Mining & Logging (300; 5.4%). 13.5 13.4 9.9 10.0 8.1 7.1 5.4 5.0 0.0 Admin & Professional, Accom. & Health Care & Waste Mgmt. Scientific & Food Services Social Tech. Assistance Retail Trade Finance & Insurance UI Taxes Collected and NC Regular UI Benefits Paid September 2014–September 2015 $2,000,000,000 $1,572,772,873 $1,500,000,000 $1,000,000,000 $500,000,000 $302,424,593 $3,163,048 $0 UI Taxes Collected UI Benefits Paid Interest Received Labor & Economic Analysis | North Carolina Department of Commerce | 2 of 2 Technical Notes This release presents labor force and unemployment estimates from the Local Area Unemployment Statistics (LAUS) program. Also presented are nonfarm payroll employment estimates the Current Employment Statistics (CES) program. The LAUS and CES programs are both federal-state cooperative endeavors. Labor force and unemployment--from the LAUS program Definitions. The labor force and unemployment estimates are based on the same concepts and definitions as those used for the official national estimates obtained from the Current Population Survey (CPS), a sample survey of households that is conducted for the Bureau of Labor Statistics (BLS) by the U.S. Census Bureau. The LAUS program measures employment and unemployment on a place-of-residence basis. The universe for each is the civilian noninstitutional population 16 years of age and over. Employed persons are those who did any work at all for pay or profit in the reference week (the week including the 12th of the month) or worked 15 hours or more without pay in a family business or farm, plus those not working who had a job from which they were temporarily absent, whether or not paid, for such reasons as bad weather, labor-management dispute, illness, or vacation. Unemployed persons are those who were not employed during the reference week (based on the definition above), had actively looked for a job sometime in the 4-week period ending with the reference week, and were currently available for work; persons on lay-off expecting recall need not be looking for work to be counted as unemployed. The labor force is the sum of employed and unemployed persons. The unemployment rate is the number of unemployed as a percent of the labor force. Method of estimation. Statewide estimates are produced using an estimation algorithm administered by the BLS. This method, which underwent substantial enhancement at the beginning of 2005, utilizes data from several sources, including the CPS, the CES, and state unemployment insurance (UI) programs. Each month, census division estimates are controlled to national totals, and state estimates are then controlled to their respective division totals. Substate estimates are controlled to their respective state totals. For more information about LAUS estimation procedures, see the BLS website at www.bls.gov/lau/laumthd.htm Revisions. Labor force and unemployment data for the previous month reflect adjustments made in each subsequent month, while data for prior years reflect adjustments made at the end of each year. The monthly revisions incorporate updated model inputs, while the annually revised estimates reflect updated population data from the U.S. Census Bureau, any revisions in the other data sources, and model reestimation. In most years, historical data for the most recent five years (both seasonally adjusted and not seasonally adjusted) are revised near the beginning of each calendar year, prior to the release of January estimates. Seasonal adjustment. The LAUS program introduced smoothed seasonally adjusted (SSA) estimates in January 2010. These are seasonally-adjusted data that have incorporated a longrun trend smoothing procedure, resulting in estimates that are less volatile than those previously produced. The estimates are smoothed using a filtering procedure, based on moving averages, to remove the irregular fluctuations from the seasonally-adjusted series, leaving the trend. The same process is used on both historical and current year estimates. For more information about the smoothing technique, see the BLS website at www.bls.gov/lau/lassaqa.htm. Area definitions. The substate area data published in this release reflect the standards and definitions established by the U.S. Office of Management and Budget on February 28, 2013. A detailed list of the geographic definitions is available online at www.bls.gov/lau/lausmsa.htm. Employment--from the CES program Definitions. Employment data refer to persons on establishment payrolls who receive pay for any part of the pay period that includes the 12th of the month. Persons are counted at their place of work rather than at their place of residence; those appearing on more than one payroll are counted on each payroll. Industries are classified on the basis of their principal activity in accordance with the 2012 version of the North American Industry Classification System. Method of estimation. CES State and Area employment data are produced using several estimation procedures. Where possible these data are produced using a "weighted link relative" estimation technique in which a ratio of current-month weighted employment to that of the previousmonth weighted employment is computed from a sample of establishments reporting for both months. The estimates of employment for the current month are then obtained by multiplying these ratios by the previous month’s employment estimates. The weighted link relative technique is utilized for data series where the sample size meets certain statistical criteria. For some employment series, relatively small sample sizes limit the reliability of the weighted linkrelative estimates. In these cases, BLS uses the CES small domain model (SDM) to generate employment estimates. The SDM combines the direct sample estimates (described above) and forecasts of historical (benchmarked) data to decrease the volatility of the estimates. For more detailed information about the CES small domain model, refer to the BLS Handbook of Methods. Annual revisions. Employment estimates are adjusted annually to a complete count of jobs, called benchmarks, derived principally from tax reports that are submitted by employers who are covered under state unemployment insurance (UI) laws. The benchmark information is used to adjust the monthly estimates between the new benchmark and the preceding one and also to establish the level of employment for the new benchmark month. Thus, the benchmarking process establishes the level of employment, and the sample is used to measure the month-to-month changes in the level for the subsequent months. Seasonal adjustment. Payroll employment data are seasonally adjusted at the statewide supersector level. In some states, the seasonally adjusted payroll employment total is computed by aggregating the independently adjusted supersector series. In other states, the seasonally adjusted payroll employment total is independently adjusted. Revisions of historical data for the most recent 5 years are made once a year, coincident with annual benchmark adjustments. Reliability of the estimates The estimates presented in this release are based on sample surveys, administrative data, and modeling and, thus, are subject to sampling and other types of errors. Sampling error is a measure of sampling variability--that is, variation that occurs by chance because a sample rather than the entire population is surveyed. Survey data also are subject to nonsampling errors, such as those which can be introduced into the data collection and processing operations. Estimates not directly derived from sample surveys are subject to additional errors resulting from the specific estimation processes used. Model-based error measures for seasonally adjusted and not seasonally adjusted data and for overthe-month and over-the-year changes to LAUS estimates are available online at www.bls.gov/lau/lastderr.htm. Measures of sampling error for state CES data at the total nonfarm and supersector levels are available online at www.bls.gov/sae/790stderr.htm. Release Dates The next unemployment update is scheduled for Wednesday, October 28, 2015 when the county unemployment rates for September 2015 will be released. The complete 2015 data release schedule can be accessed at: http://www.nccommerce.com/Portals/47/Documents/2015_NC_Release_Dates.pdf & NC TODAY October 2015 Employment at a Glance Civilian Labor Force • North Carolina’s September 2015 smoothed seasonally adjusted unemployment rate, at 5.8 percent, decreased 0.1 of a percentage point from August 2014. The rate was 5.8 percent in September 2014. • At 5.8 percent, North Carolina’s September unemployment rate is 0.7 of a percentage point higher than the U.S. 5.1 percent rate. • Over the month, the number of people unemployed fell 1.7 percent to 276,072. • During September, North Carolina’s smoothed seasonally adjusted labor force participation rate fell 0.1 of a percentage point to 60.9 percent, and the U.S. rate also declined 0.2 of a percentage point to 62.4 percent. Nonfarm Employment • Seasonally adjusted Total Nonfarm employment for September 2015 rose by 4,700 jobs over the month, and 107,600 over the year to 4,259,600. • Over the month, five sectors experienced seasonally adjusted job growth: Leisure & Hospitality Services, 4,000; Financial Activities, 3,100; Education & Health Services, 2,800; Professional & Business Services, 1,900; and Other Services, 700. Losses were reported by Construction, 3,300; Government, 1,600; Manufacturing, 1,000; Trade, Transportation & Utilities, 900; Information, 700; and Mining & Logging, 300. • The major sectors to report over-the-year seasonally adjusted job increases were: Professional & Business Services, 21,600; Leisure & Hospitality Services, 18,700; Trade, Transportation & Utilities, 16,600; Education & Health Services, 15,500; Manufacturing, 11,900; Construction, 10,100; Financial Activities, 8,800; Other Services, 6,600; and Information, 1,500. • Not seasonally adjusted, the following major sectors reported over-the-year job growth: Professional & Business Services, 20,100; Leisure & Hospitality Services, 15,700; Trade, Transportation & Utilities, 13,300; Education & Health Services, 13,000; Manufacturing, 11,300; Construction, 10,300; Financial Activities, 8,900; Other Services, 5,800; and Information, 1,900. • The following sectors in Manufacturing showed not seasonally adjusted over-the-year job increases: Fabricated Metal Product, 3,200; Furniture & Related Product, 2,400; Plastics & Rubber Products, 2,200; Transportation Equipment, 1,400; Machinery, 1,200; Wood Product, 1,000; Chemical, 300; and Electrical Equipment, Appliance & Component, 100. Losses were reported in the remaining sectors: Beverage & Tobacco Product, 800; Food, 800; Apparel, 500; Textile Mills, 500; Textile Product Mills, 300; and Computer & Electronic Product, 200. Printing & Related Support Activities reported no change. • Food remains North Carolina’s leading sector in manufacturing employment at 52,000; Chemical follows with 43,000. Other Information • Preliminary Average Hourly Earnings in North Carolina for manufacturing production workers decreased 1 cent to $17.04 in September; Average Weekly Hours dropped 18 minutes to 41.8 from 42.1. Average Weekly Earnings dropped $5.54 to $712.27. • North Carolina paid $20.5 million in Unemployment Insurance benefits (all programs) to claimants in September. These payments include state and federally funded benefits. • The number of Initial Claims filed in North Carolina for Unemployment Insurance benefits decreased in September to 15,934. Approximately $20.0 million was paid in regular UI benefits to 23,953 unemployed persons across the state. The average weekly benefit amount was $241.21 (maximum weekly benefit is $350). October 2015 NC Today i Table of Contents United States/North Carolina Labor Force Data, September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 United States/North Carolina Unemployment Rates, September 2013–September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 United States Labor Force, September 2014–September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 North Carolina Labor Force, September 2014–September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Unemployment Rates by State, August 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 North Carolina Unemployment Rates by County, August 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 North Carolina Total Nonfarm Employment, June 2009–September 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 North Carolina Industry Employment, September 2015 (Seasonally Adjusted). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 North Carolina Industry Employment Net Change, September 2014–September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 North Carolina Goods Producing, January 2000–September 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 North Carolina Service Providing, January 2000–September 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 North Carolina Industry Supersector Employment, September 2015 (Not Seasonally Adjusted ). . . . . . . . . . . . . . . . . . . . . . . 9 North Carolina MSA Total Nonfarm Employment, September 2015 (Not Seasonally Adjusted ). . . . . . . . . . . . . . . . . . . . . . . 10 Employment Change in North Carolina Manufacturing Industries Comparison of September 2005, 2010 & 2015. . . . . 11 Hours and Earnings, September 2014–September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 North Carolina Regular UI Initial Claims Activity, September 2013–September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 North Carolina New Claims Activity, September 2013–September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 North Carolina MSA Regular UI Initial Claims Activity, September 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Glossary of Terms. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ii October 2015 NC Today United States/North Carolina Labor Force Data September 2015 Month Ago (Civilian Labor Force Estimates) September 2015 P August 2015 R September 2014 Numeric Change AR Year Ago Percent Change Numeric Change Percent Change North Carolina Smoothed Seasonally Adjusted Labor Force 4,752,391 4,753,385 4,626,792 -994 > -0.1 125,599 2.7 Employed 4,476,319 4,472,649 4,357,810 3,670 0.1 118,509 2.7 276,072 280,736 268,982 -4,664 -1.7 7,090 2.6 5.8 5.9 5.8 -0.1 xxx 0.0 xxx Labor Force 4,753,812 4,748,197 4,641,566 5,615 0.1 112,246 2.4 Employed 4,496,725 4,459,568 4,379,832 37,157 0.8 116,893 2.7 257,087 288,629 261,734 -31,542 -10.9 -4,647 -1.8 5.4 6.1 5.6 -0.7 xxx -0.2 xxx Unemployed Unemployment Rate Not Seasonally Adjusted Unemployed Unemployment Rate Month Ago Year Ago September 2015 August 2015 September 2014 Numeric Change Labor Force 156,715,000 157,065,000 155,845,000 -350,000 -0.2 xxx xxx Employed 148,800,000 149,036,000 146,607,000 -236,000 -0.2 xxx xxx 7,915,000 8,029,000 9,237,000 -114,000 -1.4 xxx xxx 5.1 5.1 5.9 0.0 xxx xxx xxx Labor Force 156,607,000 157,390,000 155,903,000 -783,000 -0.5 xxx xxx Employed 148,980,000 149,228,000 146,941,000 -248,000 -0.2 xxx xxx 7,628,000 8,162,000 8,962,000 -534,000 -6.5 xxx xxx 4.9 5.2 5.7 -0.3 xxx xxx xxx (Civilian Labor Force Estimates) Percent Change Numeric Change Percent Change United States* Seasonally Adjusted Unemployed Unemployment Rate Not Seasonally Adjusted Unemployed Unemployment Rate Source: N.C. data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce; U.S. data: Current Population Survey, BLS Preliminary; R Revised; AR Annual Revision Note: May not sum due to rounding. More information can be found at: http://esesc23.esc.state.nc.us/d4/LausSelection.aspx *Effective January 2015, updated U.S. population estimates are used in the national labor force estimates. The annual population adjustments affect the comparability of national labor estimates over time. P 1 October 2015 NC Today United States/North Carolina Unemployment Rates September 2013–September 2015 (Smoothed Seasonally Adjusted) NC 9 Percent 8 US September 2013: 7.3 7 September 2015: 5.8 September 2013: 7.2 6 5 September 2015: 5.1 Sept. Aug. July June May April March Feb. Jan. 15 Dec. Nov. Oct. Sept. Aug. July June May April March Feb. Jan. 14 Dec. Nov. Oct. Sept. 4 Source: N.C. data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce, U.S. data: Current Population Survey, BLS Note: N.C. September 2015 data are preliminary, other 2015 data are revised, while all other years’ data reflect annual revision and new seasonal adjustments. More information can be found at: http://esesc23.esc.state.nc.us/d4/LausSelection.aspx The smoothed seasonally adjusted North Carolina civilian labor force decreased 994 (>- 0.1%) to 4,752,391 from August 2015 to September 2015. The number of persons employed increased 3,670 (0.1%) to 4,476,319, while the number of persons unemployed decreased 4,664 (1.7%) to 276,072. The unemployment rate decreased 0.1 of a percentage point to 5.8%. The labor force participation rate decreased 0.1 of a percentage point to 60.9 percent. Over the year, North Carolina’s smoothed seasonally adjusted labor force increased 125,599 (2.7%) as the number of persons employed rose 118,509 (2.7%). The number of persons unemployed grew by 7,090 (2.6%). The unemployment rate was unchanged over the year. The U.S. seasonally adjusted civilian labor force decreased 0.2 percent over the month to 156,715,000. The number of persons employed fell 0.2 percent to 148,800,000, while those unemployed declined 1.4 percent to 7,915,000. The nation’s unemployment rate remained at 5.1 percent. The labor force participation rate dropped 0.2 of a percentage point to 62.4 percent. United States Labor Force September 2014–September 2015 North Carolina Labor Force September 2014–September 2015 (Seasonally Adjusted) (Smoothed Seasonally Adjusted) US 158,000 NC 4,800 4,775 157,500 In Thousands In Thousands 4,750 157,000 156,500 156,000 4,725 4,700 4,675 4,650 155,500 4,625 Source: N.C. data: LAUS, Labor & Economic Analysis Division, North Carolina Department of Commerce, U.S. data: Current Population Survey, BLS Note: N.C. September 2015 data are preliminary, other 2015 data are revised, while all other years’ data reflect annual revision and new seasonal adjustments. More information can be found at: http://esesc23.esc.state.nc.us/d4/LausSelection.aspx 2 October 2015 NC Today Sept. 15 Aug. 15 July 15 June 15 May 15 April 15 March 15 Feb. 15 Jan. 15 Dec. 14 Nov. 14 Oct. 14 Sept. 15 Aug. 15 July 15 June 15 May 15 April 15 March 15 Feb. 15 Jan. 15 Dec. 14 Nov. 14 Oct. 14 Sept. 14 Sept. 14 4,600 155,000 Unemployment Rates by State Smoothed Seasonally Adjusted August 2015 U.S. Rate = 5.1% WA 5.3 OR ME MT ND 4.1 2.9 ID 6.1 4.5 4.0 SD 4.2 VT MN WI 3.7 4.5 WY NV NE IA 2.8 3.7 IL UT CA 6.1 5.6 CO 3.7 MI 5.1 4.0 6.8 3.6 NH 3.6 NY 5.2 MA 4.7 5.3 4.6 5.4 OH IN 4.7 4.6 VA 7.6 KY MO 4.5 NC TN AZ NM 6.3 4.6 6.7 4.1 6.8 6.0 MS LA MD 5.1 SC AR 5.4 TX NJ 5.7 5.9 5.7 OK RI 5.6 DC 5.2 5.6 CT DE 4.9 WV KS 4.2 PA 6.3 AL GA 6.2 5.9 6.0 FL 5.3 2.8 - 4.0 4.1 - 5.0 AK 6.6 5.1 - 6.0 3.5 6.1 - 7.0 HI 7.1 - 8.0 Note: States' July 2015 data are preliminary. U.S. rate is not smoothed. Prepared by Labor & Economic Analysis Division, North Carolina Department of Commerce 10_15 More information can be found at: http://www.bls.gov/lau/ Nebraska had the lowest jobless rate in August at 2.8 percent, followed by North Dakota at 2.9 percent. West Virginia had the highest rate at 7.6 percent. In total, 17 states had unemployment rates significantly lower than the U.S. rate of 5.1 percent; 13 states and the District of Columbia had measurably higher rates; and 20 states had rates that were not appreciably different from that of the nation. In August, eight states’ unemployment rates decreased significantly over the month, the largest being South Carolina (0.4 of a percentage point). Two states had significant over-the-month rate increases — New Mexico (0.2 of a percentage point) and Nebraska (0.1 of a percentage point). The remaining 40 states and the District of Columbia had jobless rates that were not measurably different from those of a month earlier, though some had changes that were at least as large numerically as the significant changes. Twenty-five states and the District of Columbia had statistically significant unemployment rate declines from August 2014, the largest of which occurred in Rhode Island (1.8 percentage points) and Michigan (1.7 percentage points). The only significant over-the-year rate increase was in West Virginia (1.2 percentage points). The remaining 24 states had rates that were not appreciably different from those of a year earlier. Among North Carolina’s neighboring states, unemployment rates fell in South Carolina (0.4 of a percentage point), Virginia (0.3 of a percentage point), Georgia (0.1 of a percentage point), and Tennessee was unchanged. October 2015 NC Today 3 North Carolina Unemployment Rates by County August 2015 Ashe 6.2 Watauga 5.3 Mitchell 6.8 Madison 5.9 Graham 11.3 Cherokee 6.6 Clay 6.3 Swain 7.0 Macon 6.1 Haywood 5.3 Henderson 5.0 Transylvania 5.6 Caldwell 6.6 Yancey 6.2 Buncombe 4.6 Jackson 6.1 Avery 5.7 McDowell 5.7 Rutherford 8.4 Polk 5.6 Burke 6.1 Alleghany 6.1 Surry 5.9 Wilkes 6.2 Stokes 5.7 Yadkin 5.2 Alexander 5.4 Caswell 6.9 Rockingham 6.9 Forsyth 6.0 Guilford 6.3 Davidson 5.9 Catawba 6.0 Randolph 5.9 Rowan 6.3 Gaston 6.2 Cabarrus 5.5 Mecklenburg 5.7 Union 5.2 Lee 8.0 Stanly 5.8 Moore 6.2 Montgomery 6.1 Anson 7.1 Vance 9.2 Richmond 8.6 Northampton 8.5 Warren 8.9 Franklin 6.1 Wake 5.0 Chatham 5.1 Lincoln 5.7 Cleveland 6.8 Granville 5.5 Orange Alamance 5.1 Durham 5.7 5.5 Davie 5.3 Iredell 5.7 Person 7.0 Halifax 9.5 Nash 8.1 Harnett 7.3 Wayne 6.7 Hoke 8.5 Cumberland 8.0 Sampson 6.5 Perquimans Pasquotank 7.5 7.8 Washington 8.8 Beaufort 7.0 Greene 6.4 Craven 6.5 Jones 6.0 Duplin 6.1 Tyrrell 7.8 Dare 4.9 Pitt 6.8 Scotland 11.4 Chowan 7.8 Martin 8.7 Lenoir 7.0 Camden Currituck 6.4 5.6 Gates 6.0 Bertie 7.8 Edgecombe 10.3 Wilson 10.3 Johnston 5.5 Hertford 7.6 Hyde 6.4 Pamlico 6.3 Carteret 5.8 Onslow 6.2 Robeson 9.3 Bladen 9.0 Pender 6.4 New Hanover 5.6 Columbus 8.0 Brunswick 7.0 August 2015 6.6 - 7.6 7.7 - 9.5 ^ 4 Counties Higher Than Previous Month 86 Counties Lower Than Previous Month = 5.8 - 6.5 ^ 4.6 - 5.7 10 Counties Same as Previous Month 9.6 - 11.5 North Carolina Rate 6.1% Not Seasonally Adjusted Note: August 2015 data are preliminary. Prepared by Labor & Economic Analysis, North Carolina Department of Commerce 9_2015 More information can be found at: http://esesc23.esc.state.nc.us/d4/LausSelection.aspx Between July 2015 and August 2015, not seasonally adjusted unemployment rates decreased in 86 of North Carolina’s counties, increased in four, and remained unchanged in 10. Lee County had the largest over-the-month decrease at 0.5 of a percentage point. Four counties across the state had unemployment rates at 10.0 percent or above, 92 between 5.0 percent and 10.0 percent, and four at 5.0 percent or below. Forty-four counties were at or below the statewide not seasonally adjusted rate of 6.1 percent. Scotland County had the highest unemployment rate at 11.4 percent, while Buncombe County had the lowest at 4.6 percent. Over the year, not seasonally adjusted unemployment rates fell in 91 counties, increased in seven, and remained unchanged in two. Graham County experienced the largest over-the-year decrease of 3.2 percentage points. The August 2014 county rates ranged from 14.5 percent in Graham County to 4.9 percent in Buncombe County. 4 October 2015 NC Today North Carolina Total Nonfarm Employment June 2009–September 2015 (Seasonally Adjusted) 4,300 In Thousands 4,200 End of Recession To Current Month Difference: 362,900 4,100 September 2015: 4,259,600 4,000 June 2009: 3,896,700 3,900 February 2010: 3,841,200 July 15 April 15 Jan. 15 Oct. 14 July 14 April 14 Jan. 14 Oct. 13 July 13 April 13 Jan. 13 Oct. 12 July 12 April 12 Jan. 12 Oct. 11 July 11 April 11 Jan. 11 Oct. 10 July 10 April 10 Jan. 10 Oct. 09 July 09 3,800 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx Note: September 2015 data are preliminary, other 2015 data are revised, while all other years’ data are benchmarked. Recession represents the dates December 2007–June 2009. The last recession began in December 2007 and ended June 2009. Based on this designation, the national recession officially lasted 18 months. While the recession officially began in December 2007, North Carolina’s seasonally adjusted Total Nonfarm employment peaked in February 2008 at 4,174,400. The state reached its lowest level of Total Nonfarm employment in February 2010 when employment reached 3,841,200. Between the peak in employment in February 2008 and the low of February 2010, North Carolina lost 333,200 jobs — a decrease of 8.0 percent. All major industrial sectors experienced job declines with the exception of Education & Health Services and Government, which experienced modest gains of 6,700 jobs and 4,200 jobs, respectively. The largest job losses were in Manufacturing (98,600), Trade, Transportation & Utilities (73,800), Construction (72,000), and Professional & Business Services (36,500). Based on September’s preliminary employment estimates, North Carolina’s economy has gained 418,400 jobs since the low in February 2010, and employment in the Private sector has risen by 425,000. The largest job growth has been in Professional & Business Services, which added 125,900 jobs, followed by Trade, Transportation & Utilities (85,800), and Leisure & Hospitality Services (74,400). The largest job loss occurred in Government with 6,600 jobs. October 2015 NC Today 5 North Carolina Industry Employment September 2015 (Seasonally Adjusted, In Thousands) Total Employment September 2015 NAICS Industry P August 2015 R Net & Percent Change September 2014 B From August 2015 Net From September 2014 Percent Net Percent Total Nonfarm 4,259.6 4,254.9 4,152.0 4.7 0.1% 107.6 2.6% Total Private 3,548.9 3,542.6 3,437.9 6.3 0.2% 111.0 3.2% Goods Producing 656.5 661.1 634.8 -4.6 -0.7% 21.7 3.4% Service Providing 3,603.1 3,593.8 3,517.2 9.3 0.3% 85.9 2.4% Private Service Providing 2,892.4 2,881.5 2,803.1 10.9 0.4% 89.3 3.2% 5.2 5.5 5.5 -0.3 -5.5% -0.3 -5.5% Construction 189.7 193.0 179.6 -3.3 -1.7% 10.1 5.6% Manufacturing 461.6 462.6 449.7 -1.0 -0.2% 11.9 2.6% Durable Goods 254.9 255.5 240.1 -0.6 -0.2% 14.8 6.2% Nondurable Goods 206.7 207.1 209.6 -0.4 -0.2% -2.9 -1.4% 795.1 796.0 778.5 -0.9 -0.1% 16.6 2.1% Wholesale Trade 181.5 181.7 177.6 -0.2 -0.1% 3.9 2.2% Retail Trade 482.5 483.4 472.7 -0.9 -0.2% 9.8 2.1% Transportation, Warehousing & Utilities 131.1 130.9 128.2 0.2 0.2% 2.9 2.3% 74.7 75.4 73.2 -0.7 -0.9% 1.5 2.0% 222.3 219.2 213.5 3.1 1.4% 8.8 4.1% 165.0 163.2 159.7 1.8 1.1% 5.3 3.3% 57.3 56.0 53.8 1.3 2.3% 3.5 6.5% 598.0 596.1 576.4 1.9 0.3% 21.6 3.7% 217.3 216.8 210.0 0.5 0.2% 7.3 3.5% 83.2 82.7 81.1 0.5 0.6% 2.1 2.6% 297.5 296.6 285.3 0.9 0.3% 12.2 4.3% 584.1 581.3 568.6 2.8 0.5% 15.5 2.7% 76.5 79.3 75.2 -2.8 -3.5% 1.3 1.7% 507.6 502.0 493.4 5.6 1.1% 14.2 2.9% 462.0 458.0 443.3 4.0 0.9% 18.7 4.2% Arts, Entertainment & Recreation 64.9 64.9 61.1 0.0 0.0% 3.8 6.2% Accommodation & Food Services 397.1 393.1 382.2 4.0 1.0% 14.9 3.9% Other Services 156.2 155.5 149.6 0.7 0.5% 6.6 4.4% Government 710.7 712.3 714.1 -1.6 -0.2% -3.4 -0.5% 70.2 70.2 69.1 0.0 0.0% 1.1 1.6% State 205.0 206.4 206.4 -1.4 -0.7% -1.4 -0.7% Local 435.5 435.7 438.6 -0.2 0.0% -3.1 -0.7% Mining & Logging Trade, Transportation & Utilities Information Financial Activities Finance & Insurance Real Estate, Rental & Leasing Professional & Business Services Professional, Scientific & Technical Svcs Management of Companies & Enterprises Admin. & Support & Waste Mgmt. Education & Health Services Educational Services Health Care & Social Assistance Leisure & Hospitality Services Federal Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. P Preliminary; R Revised; B Benchmarked; more information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx 6 October 2015 NC Today North Carolina Industry Employment Net Change September 2014–September 2015 (Seasonally Adjusted) Professional & Business Services 21.6 Leisure & Hospitality Services 18.7 Trade, Transportation & Utilities 16.6 Education & Health Services 15.5 Manufacturing 11.9 Construction 10.1 Financial Activities 8.8 Other Services 6.6 Information 1.5 Mining & Logging -0.3 Government -10.0 -3.4 -5.0 0.0 5.0 10.0 15.0 20.0 25.0 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx In September 2015, North Carolina’s seasonally adjusted Total Nonfarm employment gained 4,700 jobs over the month and 107,600 over the year. The U.S. added 142,000 Total Nonfarm jobs over the month and 2,752,000 over the year. North Carolina’s Private sector grew by 6,300 jobs over the month and 111,000 over the year. The Service Providing industries, which include all industries except Mining & Logging, Construction, and Manufacturing, increased by 9,300 jobs over the month and 85,900 over the year. The Goods Producing industries lost 4,600 jobs over the month, but gained 21,700 over the year. Seasonally adjusted, five of the 11 major North Carolina industrial sectors had job gains over the month. Leisure & Hospitality Services reported the largest net increase (4,000), followed by Financial Activities (3,100); Education & Health Services (2,800); Professional & Business Services (1,900); and Other Services (700). Of the remaining six industrial sectors, Construction had the largest net decrease (3,300), followed by Government (1,600); Manufacturing (1,000); Trade, Transportation & Utilities (900); Information (700); and Mining & Logging (300). It is important to note that industry employment estimates are subject to large seasonal patterns. Seasonal adjustment factors are applied to the data. However, these factors may not fully capture the seasonal trend. Therefore, when interpreting the changes in industry employment, it is advisable to focus on over-the-year changes in both the seasonally adjusted and not seasonally adjusted series. Nine major industrial sectors experienced seasonally adjusted job growth over the year. Professional & Business Services increased by 21,600, due to gains in Admin. & Support & Waste Management & Remediation Services (12,200), Professional, Scientific & Technical Services (7,300), and Management of Companies & Enterprises (2,100). Leisure & Hospitality Services gained 18,700 jobs due to increases in Accommodation & Food Services (14,900) and Arts, Entertainment & Recreation (3,800). Trade, Transportation & Utilities grew by 16,600 with gains in Retail Trade (9,800), Wholesale Trade (3,900), and Transportation & Utilities (2,900). Education & Health Services rose by 15,500 with gains in Health Care & Social Assistance (14,200), and in Educational Services (1,300). Manufacturing added 11,900 jobs with a gain in Durable Goods (14,800) and a loss in Nondurable Goods (2,900). Construction increased 10,100 jobs. Financial Activities grew by 8,800 jobs with gains in Finance & Insurance (5,300) and Real Estate & Rental & Leasing (3,500). Other Services added 6,600 jobs, and Information, 1,500 jobs. Of the two remaining major industrial sectors, Government decreased by 3,400 jobs as the result of losses in Local Government (3,100), State Government (1,400), and a gain in Federal Government (1,100). Mining & Logging lost 300 jobs. October 2015 NC Today 7 North Carolina Goods Producing January 2000–September 2015 (Seasonally Adjusted) Goods Producing 1,100 2007-2009 Recession 2001 Recession 1,025 March 2001: 970,400 In Thousands 950 November 2001: 904,000 875 December 2007: 792,000 800 725 June 2009: 641,600 650 575 September 2015: 656,500 Jan. 15 Jan. 14 Jan. 13 Jan. 12 Jan. 11 Jan. 10 Jan. 09 Jan. 08 Jan. 07 Jan. 06 Jan. 05 Jan. 04 Jan. 03 Jan. 02 Jan. 01 Jan. 00 500 Source: CES, North Carolina Department of Commerce, Labor & Economic Analysis Division Note: September 2015 data are preliminary, while all other data are benchmarked. Recession periods documented in above graph represent the dates March 2001–November 2001, and December 2007–June 2009. More information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx Since the beginning of the 2007 national recession (December 2007), North Carolina has lost 135,500 Goods Producing jobs, but has gained 14,900 jobs since the end of the recession in June 2009. North Carolina Service Providing January 2000–September 2015 (Seasonally Adjusted) Service Providing 3,700 3,500 In Thousands 2007-2009 Recession 2001 Recession 3,600 December 2007: 3,375,800 3,400 3,300 September 2015: 3,603,100 3,200 June 2009: 3,255,100 March 2001: 2,960,000 3,100 3,000 2,900 November 2001: 2,942,700 Jan. 15 Jan. 14 Jan. 13 Jan. 12 Jan. 11 Jan. 10 Jan. 09 Jan. 08 Jan. 07 Jan. 06 Jan. 05 Jan. 04 Jan. 03 Jan. 02 Jan. 01 Jan. 00 2,800 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: September 2015 data are preliminary, while all other data are benchmarked. Recession periods documented in above graph represent the dates March 2001–November 2001, and December 2007–June 2009. More information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx Since the beginning of the 2007 national recession (December 2007), North Carolina’s Service Providing sector has gained 227,300 jobs and 348,000 jobs since the end of the recession in June 2009. 8 October 2015 NC Today North Carolina Industry Supersector Employment September 2015 (Not Seasonally Adjusted, In Thousands) Total Employment NAICS Industry September 2015 P August 2015 B Net & Percent Change September 2014 B From August 2015 Net Total Nonfarm 4,269.0 4,260.6 4,170.4 8.4 Total Private From September 2014 Percent Net 0.2% 98.6 Percent 2.4% 3,555.0 3,578.3 3,455.0 -23.3 -0.7% 100.0 2.9% Goods Producing 661.3 664.6 640.0 -3.3 -0.5% 21.3 3.3% Service Providing 3,607.7 3,596.0 3,530.4 11.7 0.3% 77.3 2.2% Private Service Providing 2,893.7 2,913.7 2,815.0 -20.0 -0.7% 78.7 2.8% 5.3 5.6 5.6 -0.3 -5.4% -0.3 -5.4% Construction 192.9 195.1 182.6 -2.2 -1.1% 10.3 5.6% Manufacturing 463.1 463.9 451.8 -0.8 -0.2% 11.3 2.5% Trade, Transportation & Utilities 789.9 796.5 776.6 -6.6 -0.8% 13.3 1.7% 74.6 76.3 72.7 -1.7 -2.2% 1.9 2.6% Financial Activities 222.9 223.7 214.0 -0.8 -0.4% 8.9 4.2% Professional & Business Services 600.9 601.7 580.8 -0.8 -0.1% 20.1 3.5% Education & Health Services 582.2 576.2 569.2 6.0 1.0% 13.0 2.3% Leisure & Hospitality Services 467.6 482.6 451.9 -15.0 -3.1% 15.7 3.5% Mining & Logging Information Other Services 155.6 156.7 149.8 -1.1 -0.7% 5.8 3.9% Government 714.0 682.3 715.4 31.7 4.6% -1.4 -0.2% Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. P Preliminary; B Benchmarked; more information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx The September 2015 not seasonally adjusted Total Nonfarm employment level of 4,269,000 was 8,400 higher than August 2015. Two of the 11 major industries in North Carolina showed over-the-month employment increases: Government had the largest gain at 31,700 (4.6%), followed by Education & Health Services, 6,000 (1.0%). Of the remaining nine major industries, Leisure & Hospitality Services had the largest decrease in employment at 15,000 (3.1%), followed by Trade, Transportation & Utilities, 6,600 (0.8%); Construction, 2,200 (1.1%); Information, 1,700 (2.2%); Other Services, 1,100 (0.7%); Financial Activities, 800 (0.4%); Manufacturing, 800 (0.2%); Professional & Business Services, 800 (0.1%); and Mining & Logging, 300 (5.4%). Over the year, the Service Providing sector (all industries except Mining & Logging, Construction, and Manufacturing) had an increase of 77,300 (2.2%) jobs. Professional & Business Services, 20,100 (3.5%), experienced the greatest increase, followed by Leisure & Hospitality Services, 15,700 (3.5%); Trade, Transportation & Utilities, 13,300 (1.7%); Education & Health Services, 13,000 (2.3%); Financial Activities, 8,900 (4.2%); Other Services, 5,800 (3.9%); and Information, 1,900 (2.6%). Government decreased by 1,400 (0.2%). The Goods Producing sector had a net gain of 21,300 (3.3%) jobs over the year. Manufacturing added 11,300 (2.5%) jobs; Construction increased by 10,300 (5.6%) jobs; while Mining & Logging decreased by 300 (5.4%). October 2015 NC Today 9 North Carolina MSA Total Nonfarm Employment September 2015 (Not Seasonally Adjusted, In Thousands) Metropolitan Statistical Area Asheville Burlington Charlotte/Concord/Gastonia, NC-SC* SeptemberP 2015 Total Employment AugustB SeptemberB 2015 2014 Net & Percent Change From August From September 2015 2014 Net Percent Net Percent 183.6 181.6 178.4 2.0 1.1% 5.2 2.9% 61.3 60.3 59.6 1.0 1.7% 1.7 2.9% 1,105.0 1,107.4 1,070.7 -2.4 -0.2% 34.3 3.2% Durham/Chapel Hill 298.4 296.4 293.2 2.0 0.7% 5.2 1.8% Fayetteville 127.5 125.4 127.0 2.1 1.7% 0.5 0.4% Goldsboro 41.5 41.3 42.2 0.2 0.5% -0.7 -1.7% 359.7 357.2 350.7 2.5 0.7% 9.0 2.6% Greensboro/High Point Greenville Hickory/Lenoir/Morganton Jacksonville New Bern Raleigh Rocky Mount 78.0 77.4 78.4 0.6 0.8% -0.4 -0.5% 146.7 146.0 147.2 0.7 0.5% -0.5 -0.3% 49.6 50.2 49.2 -0.6 -1.2% 0.4 0.8% 43.5 43.7 43.7 -0.2 -0.5% -0.2 -0.5% 576.8 575.9 562.1 0.9 0.2% 14.7 2.6% -1.8% 55.8 55.2 56.8 0.6 1.1% -1.0 Wilmington 119.4 119.7 117.5 -0.3 -0.3% 1.9 1.6% Winston-Salem 262.1 256.9 254.7 5.2 2.0% 7.4 2.9% Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. P Preliminary; B Benchmarked; more information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx. *Only includes claims activity in North Carolina. In September 2015 not seasonally adjusted data, North Carolina’s Metropolitan Statistical Areas (MSAs) Total Nonfarm employment varied. The Winston-Salem MSA posted the largest increase of 5,200 jobs, while the Charlotte/Concord/ Gastonia MSA had the greatest loss at 2,400 jobs. Mining, Logging & Construction employment remained unchanged in all but four MSAs. Charlotte/Concord/ Gastonia reported the largest loss at 700 jobs, followed by Raleigh (400), Durham/Chapel Hill (100), and WinstonSalem (100). Manufacturing employment varied across the MSAs. Winston-Salem had the highest gain of 500 jobs, while Charlotte/Concord/Gastonia posted the largest loss at 1,300 jobs due to a decrease in Durable Goods (1,500) and a gain in Nondurable Goods (200). Trade, Transportation & Utilities employment varied across the MSAs. Asheville and Greensboro/High Point showed the largest increases at 500 jobs each due to gains in Retail Trade (400) and Transportation, Warehousing & Utilities (100). Charlotte/Concord/Gastonia had the largest decrease of 2,600 jobs due to losses in Retail Trade (1,700); Transportation, Warehousing & Utilities (500); and Wholesale Trade (400). Information employment either decreased or remained unchanged across the MSAs. Raleigh had the largest loss at 300 jobs. Financial Activities employment varied across the MSAs. Charlotte/Concord/Gastonia reported the greatest loss of 300 jobs due to decreases in Real Estate & Rental & Leasing (200), and Finance & Insurance (100). Greensboro/High Point and Raleigh each posted a gain of 100 jobs. Professional & Business Services employment varied across the MSAs. Winston-Salem had the largest increase of 1,500 jobs with all of the gain coming from Administrative Support, Waste Management & Remediation Services. Greensboro/High Point experienced the greatest loss of 1,000 jobs due to declines in Administrative Support, Waste Management & Remediation Services (700), and Professional, Scientific & Technical Services (300). Education & Health Services employment increased all but one MSA. Greensboro/High Point had the greatest growth with 1,400 jobs, while Greenville remained at 9,800. 10 October 2015 NC Today Leisure & Hospitality Services employment varied across the MSAs. Charlotte/Concord/Gastonia reported the greatest loss of 5,200 jobs due to decreases in Accommodation & Food Services (3,200), and Arts, Entertainment & Recreation (2,000). Hickory/Lenoir/Morganton and Winston-Salem both experienced the largest increases of 300 jobs. Other Services employment varied across the MSAs. Charlotte/Concord/Gastonia posted the largest gain of 800 jobs, while Raleigh had the greatest loss of 500 jobs. Government employment increased across all of the MSAs. Charlotte/Concord/Gastonia had the largest gain of 6,000 due to growth in Local Government (4,600) and State Government (1,400). Federal Government (9,800) showed no change over the month. Employment Change in North Carolina Manufacturing Industries Comparison of September 2005, 2010 & 2015 (Not Seasonally Adjusted) September 2005 September 2010 September 2015 75 In Thousands 60 45 30 15 Plastics & Rubber Chemical Printing Apparel Mfg. Textile Product Mills Textile Mills Beverages & Tobacco Product Food Furniture & Related Product Transportation Equipment Electrical Equipment & Appliances Computers & Electronic Product Machinery Fabricated Metal Product Wood Product 0 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: 2015 data are preliminary, while 2005 and 2010 data are benchmarked. More information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx Not seasonally adjusted, the Manufacturing industrial sector lost 800 jobs over the month with a gain in Nondurable Goods (800) and a loss in Durable Goods (1,600). Over the year, Manufacturing increased by 11,300 jobs with a gain in Durable Goods (14,300) and a loss in Nondurable Goods (3,000). Of North Carolina’s six largest Manufacturing industries in September 2005, five have experienced job losses over the past 10 years: Textile Mills, 26,900; Furniture & Related Product, 19,700; Computer & Electronic Product, 6,800; and both Fabricated Metal Product and Chemical, 900. Food gained 1,800 jobs. Of North Carolina’s six largest Manufacturing industries in September 2010, three have experienced job losses over the past five years. Computer & Electronic Product, 2,000; Textile Mills, 1,100; and Food, 400. Of the remaining three, Fabricated Metal Product gained 6,600 jobs; Furniture & Related Product, 3,300; and Chemical, 1,500. October 2015 NC Today 11 Hours and Earnings September 2014–September 2015 (Not Seasonally Adjusted) Average Weekly Hours Average Hourly Earnings Average Weekly Earnings Total Private Mfg. Production Total Private Mfg. Production Total Private Mfg. Production September 2014 34.7 42.9 43.9 $21.84 $21.22 $16.66 $757.85 $910.34 $731.37 October 34.6 42.4 43.3 $21.76 $21.09 $16.65 $752.90 $894.22 $720.95 November 35.1 43.0 43.6 $22.09 $21.28 $16.80 $775.36 $915.04 $732.48 December 34.7 42.6 43.4 $21.81 $21.13 $16.73 $756.81 $900.14 $726.08 January 34.2 41.7 42.4 $22.05 $21.25 $16.91 $754.11 $886.13 $716.98 February 34.5 41.3 41.9 $22.36 $21.44 $16.85 $771.42 $885.47 $706.02 March 34.9 41.8 43.0 $22.03 $21.19 $16.77 $768.85 $885.74 $721.11 April 34.4 41.3 42.8 $22.04 $21.27 $16.89 $758.18 $878.45 $722.89 May 34.5 41.3 42.5 $22.10 $21.35 $17.02 $762.45 $881.76 $723.35 June 34.5 40.9 42.5 $22.03 $21.09 $16.92 $760.04 $862.58 $719.10 July 34.5 40.8 41.6 $22.13 $21.01 $17.00 $763.49 $857.21 $707.20 August 35.0 41.3 42.1 $22.54 $21.15 $17.05 $788.90 $873.50 $717.81 September 2015 34.3 40.7 41.8 $22.32 $20.97 $17.04 $765.58 $853.48 $712.27 Source: CES, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: September 2015 data are preliminary, other 2015 data are revised, while 2014 data are benchmarked. More information can be found at: http://esesc23.esc.state.nc.us/d4/CesSelection.aspx Each month, the Current Employment Statistics program provides measures of payroll and hours for all employees of private Nonfarm establishments for the nation, each state, and more than 400 Metropolitan Statistical Areas. In North Carolina, Total Private Hours and Earnings posted over-the-month decreases in Average Weekly Earnings, Average Hourly Earnings, and Average Weekly Hours. Average Weekly Earnings fell by $23.32 to $765.58; Average Hourly Earnings decreased by $0.22 to $22.32; and Average Weekly Hours declined by 0.7 (42 minutes) at 34.3. Over the year, Total Private Hours & Earnings posted gains in Average Weekly Earnings, $7.73; Average Hourly Earnings, $0.48; and a decrease in Average Weekly Hours, 0.4 (24 minutes). In North Carolina, Manufacturing Hours and Earnings posted over-the-month declines in Average Weekly Earnings, Average Hourly Earnings, and Average Weekly Hours. Average Weekly Earnings decreased by $20.02 to $853.48; Average Hourly Earnings dropped $0.18 to $20.97; and Average Weekly Hours fell by 0.6 (36 minutes) to 40.7. Over the year, Manufacturing Hours & Earnings had losses in Average Weekly Earnings, $56.86; Average Hourly Earnings, $0.25; and Average Weekly Hours, 2.2 (132 minutes). In North Carolina, Production Hours and Earnings posted over-the-month decreases in Average Hourly Earnings, Average Weekly Earnings, and Average Weekly Hours. Average Hourly Earnings declined by $0.01 to $17.04; Average Weekly Earnings dropped by $5.54 to $712.27; and Average Weekly Hours fell by 0.3 (18 minutes) to 41.8. Over the year, Production Hours & Earnings gained in Average Hourly Earnings, $0.38, and losses in Average Weekly Earnings, $19.10; and Average Weekly Hours, 2.1 (126 minutes). 12 October 2015 NC Today North Carolina Regular UI Initial Claims Activity September 2013–September 2015 60,000 September 2013: 26,051 40,000 September 2015: 15,934 20,000 Sept. 15 June 15 March 15 Dec. 14 Sept. 14 June 14 March 14 Dec. 13 Sept. 13 0 Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: https://www.ncesc1.com Regular Initial Claims, which totaled 15,934 for the month ending Sept. 30, 2015, decreased 365 (2%) from the prior month’s total of 16,299. Regular Initial Claims were down 5,089 (24%) compared to 21,023 in September 2014; decreased 10,117 (39%) compared to 26,051 in 2013; fell 26,428 (62%) compared to 42,362 in 2012; dropped 39,149 (71%) compared to 55,083 in 2011; and decreased 37,934 (70%) compared to 53,868 in September 2010. Attached Initial Claims accounted for less than 1.0 percent of the Initial Claims for the months ending Sept. 30, 2015; Sept. 30, 2014; and Sept. 30, 2013. They accounted for 16,901 (40%) of the 42,362 Initial Claims for the same period in 2012; 24,572 (45%) of 55,083 claims in 2011; and 21,487 (40%) of 53,868 claims in 2010. For the month ending Sept. 30, 2015, decreases in Initial Claims were most notable in the following industries: Administrative and Support Services; Educational Services; Social Assistance; Nursing and Residential Care Facilities; and Ambulatory Health Care Services. Increases in Initial Claims were most notable in the following industries: Specialty Trade Contractors; Food Manufacturing; Textile Mills; Gasoline Stations; Accommodation; Food and Beverage Stores; Textile Product Mills; Miscellaneous Store Retailers; and Amusements, Gambling, and Recreation. North Carolina New Claims Activity September 2013–September 2015 60,000 40,000 September 2013: 21,151 September 2015: 14,757 20,000 Sept. 15 June 15 March 15 Dec. 14 Sept. 14 June 14 March 14 Dec. 13 Sept. 13 0 Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. More information can be found at: https://www.ncesc1.com October 2015 NC Today 13 North Carolina MSA Regular UI Initial Claims Activity September 2015 Transactions Initial Claims Metropolitan Statistical Area Asheville 454 Burlington Individuals Female 240 AfricanAmerican 54 White 381 45 Years and Older 200 Regular UI Benefits* $499,135 280 135 109 151 95 $259,259 3,472 1,799 1,622 1,565 1,294 $4,555,044 Durham-Chapel Hill 730 366 408 264 283 $933,220 Fayetteville 695 348 423 187 205 $643,297 Charlotte/Concord/Gastonia, NC-SC** Goldsboro 215 88 133 66 68 $179,907 1,402 693 670 619 488 $1,529,186 Greenville 285 146 175 99 69 $289,840 Hickory/Lenoir/Morganton 536 234 61 425 207 $544,270 Jacksonville 251 123 67 150 77 $207,993 Myrtle Beach/Conway/North Myrtle Beach, SC-NC 163 80 39 117 69 $216,830 New Bern 187 88 80 90 57 $160,157 1,838 913 763 922 751 $2,664,762 317 167 237 66 100 $372,979 45 31 3 39 19 $31,612 Wilmington 501 208 129 351 190 $653,376 Winston-Salem 971 501 346 555 382 $1,198,647 MSA Total 12,342 6,160 5,319 6,047 4,554 $14,939,515 NC Statewide Total 15,934 7,867 6,907 7,740 5,736 $19,999,002 Percent of MSA Total of NC Statewide Total 77.5% 78.3% 77.0% 78.1% 79.4% 74.7% Greensboro-High Point ** Raleigh Rocky Mount Virginia Beach-Norfolk-Newport News, VA-NC ** Source: WRE, Labor & Economic Analysis Division, North Carolina Department of Commerce. Note: ‘Regular Initial Claims’ represent transactions and not individuals. *Does not include Extended Benefits and Federal Additional Compensation. **Only includes claims activity in North Carolina. More information can be found at: https://www.ncesc1.com The Division of Employment Security paid $20,549,916 in Unemployment Insurance (UI) benefits to unemployed claimants across North Carolina during September 2015. These payments include state and federally funded benefits. North Carolina paid $19,999,002 in regular UI benefits from the State UI program to 23,953 individuals during the month — a decrease of 4,828 claimants since August 2015. A total of $541,491 in benefits was paid in Unemployment Compensation for Federal Employees (UCFE) and Unemployment Compensation for Ex-Service Members (UCX) administered under Regular UI. There were 82,911 weeks compensated for Regular UI under the State UI program, with an average UI weekly benefit amount of $241.21 (maximum weekly benefit is $350). In September 2015, benefits paid for the Emergency Unemployment Compensation EUC (all tiers), Extended Benefits (EB), and Federal Additional Compensation (FAC) programs totaled $9,423. These benefits were paid through federal dollars. The Emergency Unemployment Compensation program (EUC08) ended in North Carolina on June 29, 2013; however, North Carolina will continue to pay EUC08 benefits for weeks prior to this date. During September 2015, the NC UI Trust and State Reserve Funds collected $3.3 million in UI taxes and reported interest of $105,193.80. The Unemployment Insurance Trust Fund balance was $757.8 million on Sept. 30, 2015. The State Reserve Fund had a balance of $202.1 million. 14 October 2015 NC Today Glossary of Terms Employment: Used in Current Employment Statistics (CES), industry or establishment data referring to persons on establishment payrolls who received pay for any part of the pay period that includes the 12th day of the month. The data exclude proprietors, the unincorporated self-employed, unpaid volunteer or family workers, farm workers, and domestic workers. Salaried officers of corporations are included. Government employment covers only civilian employees; military personnel are excluded. Employees of the Central Intelligence Agency, the National Security Agency, the National Imagery and Mapping Agency, and the Defense Intelligence Agency also are excluded. Persons on establishment payrolls who are on paid sick leave (for cases in which pay is received directly from the firm), on paid holiday, or on paid vacation, or who work during a part of the pay period even though they are unemployed, or on strike during the rest of the period, are counted as employed. Not counted as employed are persons who are on layoff, on leave without pay, or on strike for the entire period, or who were hired but have not yet reported during the period. Employment is calculated by work location, not residency. Individuals may be counted more than once if they hold multiple jobs. Used in Local Area Unemployment Statistics (LAUS), individuals 16 years of age and older who worked during the week that includes the 12th of the month for, (a) pay, (b) unpaid for 15 hours or more in a family-owned business, or (c) in their own business, profession or farm. Persons temporarily absent from their jobs due to illness, bad weather, vacation, labor dispute, or personal reasons are included. Individuals whose only activity consists of work around the house and/or volunteer work for religious, charitable, and similar organizations are excluded. Employment is calculated by residency, not work location. Each employed person is counted once even if working multiple jobs. Extended Benefits (EB): The supplemental program that pays extended compensation during periods of specified high unemployment in a state to individuals for weeks of unemployment after exhaustion of regular Unemployment Insurance benefits. One-half of EB is funded by the state trust fund. The beginning date, duration and ending date of this program are “triggered” by a specified unemployment rate during a specified period of time. Federal Additional Compensation (FAC): A supplemental program that pays an additional $25 for any week for which an individual is eligible to receive at least $1.00 under any unemployment compensation program currently in effect. Full-time Workers: Persons who work 35 hours or more per week. Goods Producing: Industries including Mining, Construction and Manufacturing. Hours of Work: The number of hours worked during the survey week. Individuals who work at least 35 hours are designated full-time workers; persons who work less than that are considered part time. Industry: A group of establishments that produce similar products or provide similar services. For example, all establishments that manufacture automobiles are in the same industry. A given industry, or even a particular establishment in that industry, might have employees in dozens of occupations. The North American Industry Classification System (NAICS) groups similar establishments into industries. Initial Claim: Includes new and additional initial claims. An additional initial claim is a subsequent initial claim filed to reopen a claim series during an existing benefit year. This occurs if a person again becomes unemployed when a break of one week or more has occurred in the claim series due to intervening employment. Interest Earned: The amount of interest earned on the Unemployment Trust Fund account (unpublished US Treasury reports). Labor Force Participation Rate (LFP): The proportion of the civilian noninstitutional population that is in the civilian labor force (e.g. employed or unemployed and actively seeking work). Labor Market Information: Used to describe the delivery of labor force, employment, unemployment, wage, supply and demand, occupational, industrial, economic, and demographic data for the analysis of manpower problems. October 2015 NC Today 15 Local Area Unemployment Statistics (LAUS): A federal Bureau of Labor Statistics (BLS)/state North Carolina Department of Commerce, Labor and Economic Analysis Division cooperative statistical program which produces monthly and annual labor force, employment, unemployment, and unemployment rate estimates by place of residence for many geographic regions including states, counties, metropolitan and micropolitan statistical areas, and selected cities. Manufacturing Hours and Earnings: Based on gross payrolls and corresponding paid hours: Total Private Hours and Earnings – Includes data collected for all paid, private-sector workers (including production employees). Executives, managers and supervisors are excluded. All Employees Hours and Earnings – Reported as all persons who received pay (including holiday and sick) for any part of the payroll period including the 12th day of the month. Production Workers Hours and Earnings – Workers in the Goods Producing industries up through the level of working supervisors who engage directly in the manufacturing of the establishment’s product. Total Gross Pay – Includes regular wages and salaries, paid leave, incentive pay, bonuses paid each pay period and severance paid over multiple pay periods. Commissions are reported if they are paid at least monthly. Irregular lump sum payments are excluded. Maximum Weekly Benefit Amount: The highest weekly benefit amount provided for a week of total unemployment. Metropolitan Statistical Area (MSA): A federal Office of Management and Budget (OMB) defined area having at least one urbanized area with a population of 50,000 or more. MSAs may include adjacent counties that have a high degree of social and economic integration with the urban core as measured by commuting patterns. North Carolina has 14 MSAs consisting of 39 counties. Minimum Weekly Benefit Amount: The lowest weekly benefit amount for a week of total unemployment. New Claim: The first initial claim filed in person, by mail, telephone, or other means within a benefit year to request a determination of entitlement to and eligibility for compensation. This result in an agency generated document of an appealable monetary determination provided to the potential claimant. Outstanding Loan Balance: Balance, as of the end of the quarter, of advances acquired by the state under Title XII of the Social Security Act (unpublished US Treasury reports). Nondurable Goods: Known as “soft goods,” nondurable goods refer to manufactured or processed items generally considered to last for a short time — three years or less. The nondurable manufacturing industries include Food; Beverage & Tobacco Product; Textile Mills; Textile Product Mills; Apparel; Printing & Related Support Activities; Chemical; and Plastics & Rubber Products. North American Industry Classification (NAICS): An industrial classification system using a production-based framework, with special attention to new and emerging industries (service industries in general) and industries involved in advanced technology. It is an outgrowth of the North American Free Trade Act (NAFTA) and allows the collection and tabulation of industry-level data to measure the economic impact of employers shifting activities between Canada, Mexico and the United States. Classification is by major economic group or sector (two-digit), economic subsector (three-digit), industry group (four-digit), industry level (five-digit), and national industry level (sixdigit, optional) in order of increasing detail. Conversion from Standard Industrial Classification system (SIC) to NAICS was a three-year cycle that began with data collected in 1999. CES industries are often combinations of several NAICS codes. Not Seasonally Adjusted: An economic time series that is not statistically adjusted to eliminate seasonal fluctuations such as weather, holidays and the opening and closing of schools. This data is not comparable month to month. All levels of civilian labor force and CES estimates have a not seasonally adjusted series. Part-time Workers: Persons who work less than 35 hours per week. Part-time Workers (Economic Reasons) – Persons who work less than 35 hours weekly, but prefer to work full time. Part-time Workers (Noneconomic Reasons) – Persons who prefer to work less than 35 hours a week (full time). Private Service Providing: Industries that include Trade, Transportation & Utilities; Information; Financial Activities; Professional & Business; Education & Health; Leisure & Hospitality; and Other Services. Government is not included. 16 October 2015 NC Today Seasonally Adjusted: A statistical adjustment eliminating the influence of weather, holidays, the opening and closing of schools and other recurring seasonal events from an economic time series. By smoothing these seasonal fluctuations, the data is easier to compare month to month. Only the United States and North Carolina state civilian labor force and CES employment estimates are seasonally adjusted. Estimates for both series below the state level are unadjusted. Service Providing: Industries including Trade, Transportation & Utilities; Information; Financial Activities; Professional & Business; Education & Health; Leisure & Hospitality; Other Services and Government. Smoothed Seasonal Adjusted: Seasonally adjusted estimates that have incorporated a long-run trend smoothing procedure. This results in estimates that are less volatile and this smoothed seasonal adjustment procedure is now part of the LAUS estimation methodology. Survey Week: The week each month that includes the 12th during which BLS conducts most of its surveys. Exception may be made in November and May when the survey week may be moved forward one week to avoid holiday collection and data problems. Unemployed: Persons having no employment during the week that includes the 12th of the month, but were available for work, had made specific efforts to find employment during the four weeks prior, were waiting to be recalled to a job from which they had been laid off, or were waiting to report to a new job within 30 days. Unemployment Insurance: Unemployment insurance is a program for the accumulation of funds paid by employers, to be used for payment of unemployment insurance to workers during periods of job loss which is beyond their control. Unemployment insurance replaces a part of the worker’s wage loss if he/she becomes eligible for payments. Unemployment Rate: The number of unemployed people as a percentage of the labor force [i.e., (unemployed/labor force) x 100]. Unemployment Compensation for Federal Employees (UCFE): Federally financed program to provide unemployment insurance benefits to federal civilian employees. Unemployment Compensation for Ex-Service Members (UCX): Federally financed program to provide unemployment insurance benefits to ex-service employees. Unemployment Trust Fund (UTF): A fund established in the Treasury of the United States which contains all monies deposited by state agencies to the credit of their unemployment fund accounts and federal unemployment taxes collected by the Internal Revenue Service. Weekly Benefit Amount (WBA): The weekly benefit amount for an individual who is totally unemployed is an amount equal to the wages paid to the individual in the last two completed quarters of the individual’s base period divided by 52 and rounded to the next lower whole dollar. If this amount is less than $15.00, the individual is not eligible for benefits. The weekly benefit amount may not exceed $350.00. The weekly benefit amount for an individual who is partially unemployed or part-totally employed is the amount the individual would receive if they were totally unemployed, reduced by the amount of any wages the individual receives in the benefit week in excess of twenty percent (20%) of the benefit amount applicable to total unemployment and rounded to the next lower whole dollar. Weeks Claimed: Weeks covered for which waiting period credit or payment of compensation is requested. Weeks Compensated: The number of weeks claimed for which Unemployment Insurance benefits are paid. October 2015 NC Today 17 Prepared by: