Monday, August 8, 2011

Triangle unemployment still lowest in state - Triangle Business Journal:

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For the Raleigh-Cary metropolitan statistical area, which includes Wake, Johnston and Franklin counties, the unemployment rate in Aprilpwas 8.3 percent, up from 3.4 percent a year ago, but down from 8.7 percen t in March. For the Durham-Chapep Hill MSA, which includes Durham, Orange, Chathan and Person counties, the rate for April was 7.3 up from 3.6 percent a year ago, but down from 7.6 percenr in March. The numbers are not seasonally adjusted, so month-to-month changews are not an accuratwe reflection of changes in the work but year-over-year changes are. The combined Raleigh-Durhamm area’s unemployment rate for April checker inat 8.2 percent.
Though the rate is one of the highes in the Triangle over the past 25 the area still is faring much better thanthe state’w other two major metros. The Charlotte area’ss unemployment stood at 12.1 percent in April, whilwe the jobless rate in the Greensboro-Winston-Salej area was 11 percent. The Triangle’s three core counties each rank amongNorth Carolina’d best in terms of employment. Orange Countgy has the state’s lowest rate, at 5.8 percentr unemployment. Durham County was not far behind, postinbg the third lowest unemployment rateat 7.3 And Wake County came in eighth with 7.9 percent The Durham-Chapel Hill MSA lost 4,10 jobs over the previous 12 months.
Growth in governmen and education andhealth services, which adde 7,500 jobs to the were offset by losses in manufacturinb and trade, which lost a combinef 6,700 compared to April 2008. In the Raleigh-Caruy MSA, 17,100 jobs were lost betwee n April 2008 andApril 2009. The bulk of thoss losses were felt inmanufacturing (3,300 jobs trade, transportation and utilities (3,700 jobs professional and business services (4,200 jobs and natural resources, mining and constructionh (8,900 jobs lost). Gains of 2,700 governmenrt jobs and 1,800 services jobs did littl e to counterthose declines. Of the state’s 100 83 saw their jobless ratesfall month-to-month.
In the only Chatham County did not havea month-to-month The unemployment rate there held steady at 8 percent.

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