Charlotte USA By The Numbers 6-30-2010


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The Charlotte Regional Partnership’s monthly By the Numbers is the only report of its kind. Easy-to-read charts not only compare employment numbers in the current and prior years for each of our 16 counties, the report breaks down employment changes by industry. It compares the Charlotte region with the other six partnership areas in North Carolina and other major Southeast regions. Charts show at a glance year-to-year comparisons of the national unemployment rate, consumer confidence and home sales indices. The report also summarizes Charlotte USA locations, expansions, closings and layoffs for each month fiscal year-to-date. And there are extras, such as taxable sales within the region.

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Charlotte USA By The Numbers 6-30-2010

  1. 1. BY THE NUMBERS 10 JUNE BY THE NUMBERS Charlotte Regional Partnership 550 South Caldwell St Suite 760 Charlotte, NC 28202 (704) 347-8942 fax (704) 347-8981 Compiled monthly and posted online Vanessa Goeschl, CEcD, VP Research
  2. 2. BY THE NUMBERS Local Labor Conditions Labor Force in Charlotte USA (May 2009 to May 2010) remained stable. Unemployment Rate in Charlotte USA decreased to 11.50% from 11.80% last month Initial Unemployment Claims decreased region wide by 9.6% in May NC 10.3% SC 11.0% A change in the unemployment is not entirely attributable to job gains and losses. It is partially caused by the movement of people in and out of the labor force. Charlotte Regional Partnership: Charlotte Regional Partnership: 50000 Initial Unemployment Claims 1250000 “Employed” Population 40000 1200000 1150000 1,137,307 30000 1100000 20000 1050000 15,379 Source: NC ESC, SC ESC May 2010 Source: NC ESC, SC ESC LAUS May 2010 10000 1000000 g Sep t c p t Jan Feb Ma r Ap r Ma y Jun Jul Au Oc Nov De Jan Feb Ma r Ap r Ma y Jun Jul Au g Se Oc No v De c 2008 2009 2010 2008 2009 2010 LAUS figures are estimates by place of residence. It counts the number of employed people living in the 16 county region at month end. Cannot be compared to CES data (below) Charlotte-Gastonia-Concord MSA: Employment Trends Over-the-Month Employment Change 4,300 0.5% Over-the-Year Employment Change -3,600 -0.4 Government 2,400 2.0% Government 5,000 4.2% Education and Health Services 1,100 1.3% Professional & Business Services 3,200 2.6% Mining, Logging & Construction 700 2.0% Educational & Health Services 2,300 2.8% Financial Activities 400 0.6% Trade, Transp. & Utilities 900 0.5% Other Services 200 0.6% Other Services -300 -1.0% Trade, Transp. & Utilities 200 0.1% Information -300 -1.4% Information 100 0.5% Leisure & Hospitality -1,200 -1.3% Leisure & Hospitality 0 0.0% Financial Activities -2,700 -3.8% Professional and Business Services -100 -0.1% Manufacturing -3,100 -4.5% Manufacturing -700 -1.1% Mining Logging & Construction -7,400 -17.2% Source: NC Employment Security Commission, Mar, 2010. MSA include Anson, Cabarrus, Gaston, Mecklenburg, Union and York Counties. CES data is based on work location and is a monthly survey of employers. It counts the number of positions in the MSA on a monthly basis.. Cannot be compared to LAUS data (above).
  3. 3. BY THE NUMBERS National Perspective U.S. Unemployment Rate Institute for Supply Management (ISM) Report on Business: Manufacturing Diffusion Indices 15.0 70 12.2 60 9.5% 9.4 56.2 50 6.6 40 3.8 30 Source: U.S. Bureau of Labor Statistics Jun, 2010 1.0 t Feb r r y Jun Jul g Sep Oc v c Jan Ma 2008 Ap Ma 2009 Au 2010 No De 20 10 Source: Institute for Supply Management June 2010 U.S. Consumer Confidence Index 0 -09 ul-09 g-09 p-09 ct-09 ov-09ec-09 n-10 b-10 ar-10 r -10 y-10 -10 Jun J Au Se O N D Ja Fe M Ap Ma Jun 150 Employment Production 120 Composite (PMI) New Orders 90 60 52.9 30 Source: The Conference Board June 2010 0 t Jan Feb Ma r Ap r Ma y Jun Jul Au g Sep Oc No v De c 2007 2008 2009 2010 Southeastern U.S. Perspective Federal Reserve Bank of Richmond: Fifth District Survey of Manufacturing Activity includes Maryland, Virginia, West Virginia, North Carolina and South Carolina 50 40 30 20 23 10 0 -10 -20 -30 -40 Source: Federal Reserve Bank of Richmond June 2010 -50 -09 l-09 -09 -09 -09 -09 -09 -10 -10 10 - 10 -10 -10 Jun Ju Aug Sep Oct Nov Dec Jan Feb Mar- Apr May Jun Employment Shipments Composite New Orders
  4. 4. BY THE NUMBERS Southeastern U.S. Perspective S&P / Case-Shiller Index Home Price Indices 200 Seasonally Adjusted 190 180 170 160 150 140 130 120 110 Source: S&P / Case-Shiller Index June 2010. 3 month rolling average 100 9 9 9 9 9 9 9 y-0 Jun-0 Jul-0 ug-09 ep-0 ct-0 ov-0 ec-09 an-10 b-10 ar-10 pr-0 Ma A S O N D J Fe M A Atlanta Charlotte Washington DC Dallas Tampa Total Taxable Sales: 16-county Charlotte region 4000 3700 3400 3100 2800 $2,479,009,873 2500 2200 1900 1600 1300 Source: NC Department of Revenue, SC Department of Revenue Oct 2009 1000 t Jan Feb Ma r Ap r Ma y Jun Jul Au g Sep Oc No v De c 2008 2009
  5. 5. BY THE NUMBERS Labor Market Comparison to Regions in Carolinas: Net Jobs as % of Workforce: May 2009-May 2010 5 4 3 2 1 1.5% 1.3% 1.0% 0.5% 0 -0.4% -0.8% -1.5% -1 -2.5% -2 -3 -4 Source: LAUS program in NC, SC Labor Departments -5 RT RTP CRP Southeast U Upstate P PT PTP Eastern AdvWest No Northeast Labor Market Comparison to Other Southeast Metro’s Net Jobs as % of Workforce: May 2009-May 2010 5 4 3 2 1 1.0% 0.4% 0 -0.9% -1.0% -1.1% -2.3% -1 -2 -3 -4 Source: LAUS program in VA, FL, OH, TN, KY, NC, SC, GA Labor Departments -5 Charlotte Jacksonville Richmond Nashville Cincinatti Atlanta
  6. 6. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Added Company County New or Expanded Type Jobs July-09 Apple Catawba New Data Center 50 Devon Office Furniture Chesterfield New Mfg/Dist 20 Mecklenburg/ Liberty National York Exp Finance/Insurance 300 Revenue Strategies Mecklenburg New Sales N/A Freightliner/Daimler Gaston Exp (Rehire) Mfg 25 CU Pharmaceutical Research Chester Exp Med research N/A Yale Industrial Products Inc. Anson Exp and rehire Mfg 65 The 909 Group Mecklenburg Exp Consulting 15-50 Imperial Guard and Detective Serviced Mecklenburg New Security 35 Honeywell Safety Products York Exp Mfg 80 McVeigh & Mangum Engineering Inc. Mecklenburg New Engineering 5 Spantek Lincoln New Mfg 25 Peak 10 Inc Mecklenburg Exp Data Center 5 PolyAmerica Chester New/restart Mfg 400 CorrEnergy Biodiesel Plant Lincoln New Energy 11 August-09 Fifth Third Mecklenburg Exp Finance/retail 50 BestSweet Iredell Exp Mfg 15 Carolina Ingredients, Inc York (frm Meck) Exp Mfg 25 Hendrick Motorsports Cabarrus Exp Motorsports 5 Zenta Mecklenburg Exp Finance/Services 400 Ethan Allen Catawba Exp/recall Mfg 352 NaviSite Mecklenburg New Data Center 51 Morgan Stanly Mecklenburg Exp Finance N/A Biotage LLC Mecklenburg New US HQ/Mfg 21 Heil Screw Products Catawba New Mfg 10 Competition Accessories York New HQ/Distribution 40 Camber Ridge (tire testing) N/A New Research/Development 15-20 Neighborhood Assistance Corp. of America Mecklenburg Exp (2nd) Finance/Mortgage 1000 Ostec Industries Lincoln New Mfg 5 Husqvarna Mecklenburg Exp HQ N/A Hof Textiles Lincoln Exp Mfg 16 September-09 Teknek Mecklenburg New Mfg 6 Citizens South Union Exp Financial/retail N/A SCR-Tech Mecklenburg Exp Mfg/Energy 61
  7. 7. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Added Company County New or Expanded Type Jobs Acacia Home and Garden Catawba Exp Mfg N/A Caye Home Furnishings Alexander New Mfg 128 GAI Consultants Mecklenburg New Engineering 20 Westinghouse Electric Co Mecklenburg Exp Energy 20 Argix Mecklenburg Exp Trucking 25 Industrial Timber Alexander Exp Mfg 17 Jet Project Ltd Mecklenburg New Call Center 2 North Carolina Foam & Sales Alexander New Mfg 20 Mountain Khakis Gaston Exp Dist/Warehouse N/A U.S. Bancorp Mecklenburg Exp Financial services 70 UFS Holdings-Premiere Fibers Anson Exp Mfg 20 October-09 International Medical Equipment & Service Inc York Exp Healthcare 5 Red Ventures Lancaster Exp HQ 1000 Biodiesel Production Company Mecklenburg New Energy-biodiesel N/A Liburdi Dimetrics Iredell New HQ/Mfg 80 CBLPath Cabarrus New Healthcare 10 Kinro (Drew Industries Inc.) Chester New Mfg N/A Legrand York Distribution Center 185 Rug and Home Cabarrus Exp HQ/Dist/Warehouse 40-75 Premier Inc Mecklenburg Exp HQ/Healthcare 300 Komet USA York Exp USHQ Med Device Mfg 0 Solamere Advisors Mecklenburg New Financial services 11 USDA Human Nutrition Center Cabarrus New Gov/Healthcare 150 New Finish, Inc. Stanly Exp Mfg 0 Johnson & Wales University Mecklenburg Exp Education N/A FiServe Catawba New Financial Serv/CallCen. 419 Highland Industries Inc. Chesterfield Exp Mfg textiles 20 November-09 Piedmont Rubber Recycling Iredell Exp Environment 48 Legacy Furniture Group Catawba Exp Mfg furniture 50 Critical Systems Mecklenburg New Commercial safety sys. 30 Magna Composites Rowan Exp Mfg auto parts 162 Freightliner Gaston Rehire Mfg auto parts 25 Mallard Creek Polymers Cabarrus Exp Med Devices 10 Bell Lines Inc Cleveland Exp Trucking 400 Bank of America Home Loans Mecklenburg Exp Financial Services 143 NouvEON Mecklenburg Exp Energy/Tech 50 Secure EDI Mecklenburg Exp Healthcare/IT 42
  8. 8. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Added Company County New or Expanded Type Jobs QualTech Industries Cleveland Exp Machine shop 30 Lash Group Mecklenburg Exp Health-care 500 (150p) PGT Rowan Exp Mfg/Energy 165 SBM Solar Inc. Cabarrus Exp Mfg/Energy 60 BB&T Rowan Exp Finance N/A December-09 Sennebogen Lincoln Exp Mfg cranes 26 Duke Energy Corporate Training Center Cleveland Exp Energy 75-125 The Babcock & Wilcox Co. Mecklenburg New Energy/HQ 12 Greyne Custom Wood Co. Lancaster Exp Mfg/wood flooring 35 Paragon Films Alexander Exp Plastics/plastic film 15 Capital Advisors Inc Mecklenburg Exp/Spinoff Financial Services 13 AME, Inc. (Move from Rock Mill and Exp) Chester Exp Mfg dept/warehouse N/A Cygnus Asset Management Mecklenburg New FS-wealth mngmt 4 Geosyntec Consultnant Mecklenburg New Cosulting/Engineer 20 Electrolux Mecklenburg New NAHQ 738 Narenco Mecklenburg New Energy-renewable 30 Talon System Iredell New Mfg/furnitre 150 CEM Corp Union Exp Mfg/med device 50 Zenta Mortgage Services Mecklenburg Exp Financial Services 1000 January-10 Advanced Green Technologies Mecklenburg Exp Energy N/A Wilbert Plastic Services Gaston New HQ/Mfg 41 Composite Resources York Exp Mfg 50 Husqvarna Mecklenburg Exp NAHQ/Mfg 160 Belk Mecklenburg Exp HQ/retail 39 Harmony Labs Cabarrus Exp Pharma mfg 40 Concord Global Trading Iredell New Wlsle/Retail funiture N/A Extend-A-Haul Rowan Exp Mfg/truck parts 10-50 Convergys Corp Catawba Exp Call center 120 Mecklenburg/ Celguard Cabarrus Exp Energy/Batteries 289 Monsanto Co. Cabarrus New Research/health 12 W.A. Brown and Son Rowan Rehire Mfg 20 Advanced Disposal Mecklenburg New Environmental Serv. N/A February-10 Kewaunee Scientific Corporation Iredell Expansion Mfg-lab equipment 100 Solaris Industries Inc. Cleveland New Mfg-steel tubes 40 Defense Venture Group Lancaster Move from Meck HQ/Mfg armored vehic. 220 Bradman Lake York Move from Meck Mfg-food packaging 50 Wastequip Inc., Mecklenburg New Mfg-waste container N/A
  9. 9. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures New or Added Company County Expanded Type Jobs March-10 The Garretson Firm Mecklenburg Exp Legal Serv/health care 30 Turman Commercial Painters Mecklenburg Exp Commerical Painters N/A Longitude 80 Dairies LLP (Stamey Farms with Toni Dairy Industry SA) Iredell New Yogurt production 32 Triad Racing Technology Iredell New Engine shop/mtrspts 56 Pierre Foods, Inc Catawba Exp Mfg/Dist food 500 Continental Tires The Americas Lancaster Exp Mfg auto parts 50 Siemens Energy Mecklenburg Exp Mfg gas turbine 825 Turbotec Catawba Exp Mfg heat exchangers 73 Robbins-Gioia Mecklenburg Exp Financial Services n/a Sonoco Recycling Inc Mecklenburg Exp Material recovery 0 Hammerhead Iredell New Film studio n/a Colfax Corporation (IMO Pump) Union Exp Mfg pump/valve 0 Atlas Copco York/Meck Exp Dist. Center in Meck 8 Industrial Fabricators/Dixon Products Gaston Exp Mfg pipe 50 Hewitt Associates Mecklenburg Exp Consulting/FS/IT 463 April-10 Cataler North America Lincoln Exp Mfg-auto parts 40 Greiner Bio-One Inc Union Exp Mfg - medical device 51 Ajax Rolled Ring York Exp Mfg - custom 30 Anderson America Corp Mecklenburg Exp Mfg - machines 25 Norfolk Southern Mecklenburg Exp Logistics intermodal 200 Michelin Aircraft Tire Company Stanly Exp Aircraft tires 74 Basset Furniture Industries Catawba Reopen Upholstry plant N/A Clariant Corporation Mecklenburg Exp Chemicals 50 PGT Industries Rowam Exp Mfg - windows doors 100 Verizon Wireless Mecklenburg Exp Call Center 100 Fab Fours Lancaster (frm Meck) Exp Mfg-auto parts 3 Duke Energy Generation Services Cleveland New Solar Farm N/A Linet Americas Mecklenburg New HQ/Backoffice medical 50 Kinro Inc (Drew Industries) Chester New Mfg-doors and windows 125 Greyne Custom Wood Lancaster New Mfg-hard wood floor 50 ProFlowers Mecklenburg New Distribution center N/A Haile Gold Mine (Romarco Minerals) Lancaster Exp Gold mine 300 TradeKing Mecklenburg Exp Financial Services 20 May-10 Robert W. Baird & Company Mecklenburg Exp Financial Services 4 Telerx Gaston Exp Bus. Services 60 American Red Cross Mecklenburg Exp Call center 267 Strategic Outsourcing Inc Lancaster Exp HQ: Bus. Services 65
  10. 10. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures New or Added Company County Expanded Type Jobs May-10 continued Immune Tolerance Institute Cabarrus New Health N/A General Mills Cabarrus New Health N/A Supermetal York New Mfg-Metal 200 Nutramax Laboratories Lancaster New Mfg-Pharma 203 June-10 WebVisable Mecklenburg Expansion Technology/Services 150 Red Ventures Lancaster Expansion HQ/technology 150 Magna Composites LLC Rowan/Catawba Expansion Mfg-Auto parts 193 Ameritrust Mortgage Mecklenburg Expansion Financial Services 70 Morgan Stanley Mecklenburg Expansion Financial Services 50 Ironwood Farms LLC Chesterfield New Organic lawn products 11 Citco Fund Services Mecklenburg New Financial Services 258 Clearwater Paper Corp. Cleveland New Mfg-Paper goods 250 Jo-Mar Spinning Gaston New Mfg-Yarn spinning 100 Ilmore Marine LLC Iredell Expansion Mfg-boat engines 15 Hydac International Lincoln New Mfg-hydraulic parts 40 Peak Resources Gaston Expansion HQ/Health care N/A V-Bio Inc Mecklenburg New Healthcare/Research N/A Source: Compiled by CRP staff from various news sources, press releases and company announcements
  11. 11. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Company County Layoff/Closure Type Lost Jobs July-09 Humana Inc/KMG Lancaster LY Finance/Insurance 29 Stock Building Supply Gaston CL Supplier 15 Red Horse Racing LLC Iredell CL Motorsports 28 Richard Petty Motorsports Iredell LY Motorsports 9 Constar Chesterfield LY Mfg 11 Toray York LY Mfg 5 Jason Finishing Group Conover CL Mfg 43 ZF Lemforder Lancaster CL Mfg 108 August-09 Ticona Polymers Cleveland LY Mfg 100 Celanese Cleveland LY Mfg 100 Doosan Mecklenburg CL HQ/Construction N/A Ingold, Inc Catawba CL Construction N/A Cross Automation Gaston LY Tech N/A Federal Reserve Mecklenburg LY Finance 52 Altec Industries Rowan Exp Mfg 15 Advanced Tubing Technology, Inc. Iredell LY Mfg N/A September-09 UNC Chapel Hill - Research Campus Cabarrus LY Health/Life Sciences N/A Guardian Freight Catawba LY Transportation 10 Power Curbers, Inc. Rowan LY Construct/Services 45 October-09 N.C. Research Campus (UNC-CH) Cabarrus LY Life Science 6 Sealer Agents Waterproofing Union LY Construction 20 OneCare Co. (Esseplast USA) Mecklenburg CL Mfg 55 Hooker Furniture Corp. Rowan CL Mfg 23 November-09 MI Windows and Doors Rowan CL Mfg 110 W.A. Brown & Son Rowan CL Mfg 100 Red Ventures Mecklenburg Moved to Lancaster Technology N/A Terex Corporation York LY Mfg 65 December-09 GMAC Mecklenburg LY Financial Services 45 Color Ad Packaging Union CL Mfg/plastic-bag 85 Mecklenburg LY Financial service/tech N/A Pre-Build East Mecklenburg CL Building materials 65 Weber Automotive Chesterfield LY Mfg 30 Signature Event Group York CL Event Mngmt 7
  12. 12. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Company County Layoff/Closure Type Lost Jobs January-10 Coastal Federal Credit Untion Meck/Cabarrus CL Financial Services N/A NASCAR Scene/NASCAR Illustrated Cabarrus Merge Motorsports/Media 18 Haldex Iredell CL Mfg 91 Charlotte Observer Mecklenburg LY Media 25 Glen Raven Iredell LY Textile Mfg 41 The Herald York LY Media 7 Dana Holdings Corp Iredell LY Mfg/engineering 25 Clayton Homes Stanly CL Mfg/Modular Homes 94 February-10 Sun Chemical Corp Mecklenburg CL Mfg-inks and coatings 75 GMAC (Semperian) Mecklenburg LY FS call center-auto 71 Taylored Chemical Products Cleveland CL Chemicals 40 Orthofix International Mecklenburg CL Med device 6 March-10 Maxon Furniture Inc Rowan CL Mfg furniture 132 CommScope Catawba LY Mfg cable 85 AbitibiBowater York LY paper mill 30 Berry Plastics Corp Mecklenburg CL Mfg packaging 73 Pass Seymour/Legrand Cabarrus LY Mfg/Dist wiring 163 April-10 UTI Integrated Logistics Rowan LY Wharehousing/Logistics 53 Carilion Labs Mecklenburg LY Healthcare 90 Connextions Cabarrus LY Call Center 300-350 Elmer’s Products Iredell LY Distribution 50 May-10 U.S. F1 Mecklenburg CL Motorsports 9 Palm Harbor Homes Stanly CL Mfg/Modular Homes 110 Fast & Lite Union CL Contractor 12 Cooper Wiring Devices Mecklenburg CL Mfg/Distrib wire 82 Humana Inc Lancaster LY Health 70 June-10 John Deer Southeast Engineering Center Mecklenburg CL Services 90 Caye Home Furnishing Alexander LY Mfg-Furniture 70 Lance Inc Mecklenburg LY Mfg-Snack food 96 Source: Compiled by CRP staff from various news sources, press releases and company announcements