MEDIA RELEASE: Fast Facts on Today's Unemployment Numbers for Each Metro Area

RALEIGH (May 29, 2013) — The Division of Employment Security released new April unemployment numbers for each of North Carolina’s metro areas this morning. While the drop in unemployment across all 14 metros from March to April is certainly good news, seasonal fluctuations in hiring make the year-over-year comparisons from April 2012 to April 2013 far more important to watch.

Here are Five Fast Facts about how the state’s metros stack up against each other according to these new jobs numbers:

Fact 1. Top 4 metros with biggest drop in the unemployment rate since April 2012:  
#1 (Tie)—Hickory (dropped from 10.4 to 9.6)
#1 (Tie)—Asheville  (from 7.4 to 6.6)
#3 (Tie)—Charlotte (from 9.0 to 8.4)
#3 (Tie)—Raleigh (7.4 to 6.8)

Fact 2. Top 2 metros for job losses since April 2012:
#1—Rocky Mount (-1.9 percent job growth)
#2—Burlington (-0.7 percent job growth)

Fact 3.  Top 5 metros with greatest nonfarm employment growth since April 2012:
#1—Asheville (3.6 percent job growth)
#2—Wilmington (2.7 percent job growth)
#3—Charlotte (2.5 percent job growth)
#4—Greenville (2.4 percent job growth)
#5—Jacksonville (2.1 percent job growth)

Fact 4.  Top 3 metros with largest share of state’s employment growth since April 2012:
#1—Charlotte (26 percent of state’s job growth)
#2—Raleigh (7.8 percent of state’s job growth)
#3—Asheville (7.7 percent of state’s job growth)

Fact 5. Top 3 metros for manufacturing job growth since April 2012:
#1— Greenville (4.3 percent increase in manufacturing employment)
#2—Raleigh (3.4 percent increase in manufacturing employment)
#3—Fayetteville (2.2 percent increase in manufacturing employment)

“Bright spots in this month’s report include Hickory recording the biggest drop in unemployment, Wilmington seeing the second highest overall job creation, and Greenville’s expanding manufacturing sector,” said Allan Freyer, Public Policy Analyst with the Budget & Tax Center, a project of the North Carolina Justice Center. “Nonetheless, much of the overall progress in the state’s economy is clearly not being shared evenly across all the state’s metros—job losses over the last year in Rocky Mount and Burlington are especially concerning.”

While the long term trend in the state’s economy is clearly moving in the right direction, much of this progress is not being shared evenly across all of the state’s metros.

FOR MORE INFORMATION CONTACT: Allan Freyer, allan@ncjustice.org, 703.598.1488 (cell); Jeff Shaw, Director of Communications, jeff@ncjustice.org, 503.551.3615 (cell).
 

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