Triangle South Workforce Development Board

Regional Labor Market Snapshot

Triangle SouthRegion

L A B O RMARKET OVERVIEW

NC Department of Commerce | Labor & Economic Analysis | 919.707.1500 | lead@nccommerce.com

-4%

0%

4%

8%

Mar-16

Jun-16

Sep-16

Dec-16

Mar-17

Jun-17

Sep-17

Dec-17

Mar-18

Jun-18

Sep-18

Dec-18

Mar-19

Jun-19

Sep-19

Dec-19

Mar-20

March 2020UnemploymentRates*

Triangle South4.4%

3.4 4.1 4.8 5.8 7.5 13.1

May 2020

Harnett4.8%

Lee4.6%

Sampson4.3%

Chatham3.7%

Trending

REGIONAL EMPLOYMENT*

4,737 Fewer People Workingin March than previous month

2,539 Fewer People Workingthan same period one year ago

Triangle South Total = 136,934

ONLINE JOB ADS

UNEMPLOYMENT*

Triangle South Total = 6,285March 2020

Current Previous

Region 4.4% 3.8%

NC 4.2% 3.7%

US 4.5% 3.8%

TAXABLE RETAIL SALES

8.1% Higherthan same period one year ago

Triangle South Total = $241,977,102

Source: NC Dept. of RevenueNote: February 2020 data most current available at time of release.

800 Fewer Jobsin March than previous month

Durham-Chapel Hill Total = 324,900METRO JOB GROWTH*

3,700 More Jobsthan same period one year ago

*March 2020 data are preliminary, previous month’s data are revised while all other data have undergone annual revision All data produced in this publicationare generated by LEAD unless otherwise stated.

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/lmo.

5-YearPercent Change in Number Employed*

Source: LAUS, Labor & Economic Analysis, NC Dept. of Commerce

2,315 Online Advertised Vacanciesover past 90 days

48 Fewer Vacanciesthan same period one year agoSource: LEAD/The Conference Board

Last Year’s Employment & Wages by Industry3rd Quarter 2019Industry Establishments Avg. Employment Total Wages

Construction 737 5,294 $62,722,791Manufacturing 249 14,045 $167,746,538

Wholesale Trade 282 2,667 $35,792,473

Retail Trade 859 11,215 $76,914,822

Transportation & Warehousing 194 2,132 $22,847,494

Finance & Insurance 296 1,285 $17,346,000

Real Estate, Rental & Leasing 214 728 $5,755,716

Professional, Sci., & Tech. Services 514 2,115 $26,238,513

Health Care & Social Assistance 568 11,396 $106,687,391

Arts, Entertainment, & Recreation 74 869 $3,940,264

Accommodation & Food Services 453 7,952 $30,686,589

Other Services 520 1,816 $14,197,141

Triangle South Workforce Development Board

L A B O RMARKET OVERVIEW

March 2020 February 2020 January 2020 March 2019

Chatham

Labor Force 35,405 36,696 36,241 35,719

Employed 34,099 35,535 34,980 34,446

Unemployed 1,306 1,161 1,261 1,273

Rate 3.7 3.2 3.5 3.6

Harnett

Labor Force 52,964 54,311 53,710 53,651

Employed 50,419 52,033 51,269 51,074

Unemployed 2,545 2,278 2,441 2,577

Rate 4.8 4.2 4.5 4.8

Lee

Labor Force 25,715 26,110 26,011 26,608

Employed 24,521 25,043 24,839 25,372

Unemployed 1,194 1,067 1,172 1,236

Rate 4.6 4.1 4.5 4.6

Sampson

Labor Force 29,135 30,190 30,122 29,758

Employed 27,895 29,060 28,884 28,581

Unemployed 1,240 1,130 1,238 1,177

Rate 4.3 3.7 4.1 4.0

Civilian Labor Force Estimates*

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 stated..

NC Department of Commerce | Labor & Economic Analysis | 919.707.1500 | lead@nccommerce.com

This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.”

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