Charlotte USA By The Numbers 9-30-2010

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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 9-30-2010

  1. 1. BY THE NUMBERS 10 SEPTEMBER BY THE NUMBERS Charlotte Regional Partnership Department of Research 550 South Caldwell St Suite 760 Charlotte, NC 28202 (704) 347-8942 fax (704) 347-8981 Compiled monthly and posted online www.charlotteusa.com:
  2. 2. BY THE NUMBERS Local Labor Conditions Labor Force in Charlotte USA (Aug 2009 to Aug 2010) declined by 0.7% Unemployment Rate in Charlotte USA decreased to 11.5% from 11.8% last month Initial Unemployment Claims decreased region wide by 0.4% in Aug‘10 from Aug‘10 NC 9.7% 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 1,129,191 30000 1100000 20000 17,918 1050000 Source: NC ESC, SC ESC Aug 2010 Source: NC ESC, SC ESC LAUS Aug 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 23,900 3.0% Over-the-Year Employment Change 6,100 0.8% Government 19,700 20.5% Professional and Business Services 7,200 5.8% Professional and Business Services 1,400 1.1% Leisure & Hospitality 3,600 4.1% Trade, Transportation & Utilities 1,000 0.6% Government 2,600 2.3% Education and Health Services 700 0.9% Trade, Transp. & Utilities 600 0.4% Manufacturing 500 0.8% Information 500 2.4% Leisure & Hospitality 500 0.5% Educational & Health Services 400 0.5% Information 100 0.5% Manufacturing -200 -0.3% Mining, Logging & Construction 0 0% Other Services -700 -2.2% Financial Activities 0 0% Financial Activities -1,500 -2.1% Other Services 0 0% Mining Logging & Construction -6,400 -15.1% Source: NC Employment Security Commission, August, 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 9.6% 60 9.4 54.4 50 6.6 40 3.8 30 Source: U.S. Bureau of Labor Statistics Aug 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 Sep 2010 U.S. Consumer Confidence Index 0 9 9 0 0 -09 t-09 v-0 c-0 n-10 eb-1 ar-10 r -10 ay-10 n-10 l-10 ug-1 p-09 150 Sep Oc No De Ja F M Ap M Ju Ju A Se Employment Production 120 Composite (PMI) New Orders 90 60 48.5 30 Source: The Conference Board Sep 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 10 0 -2 -10 -20 -30 -40 Source: Federal Reserve Bank of Richmond Sept 2010 -50 -09 t-09 -09 -09 -10 -10 -10 - 10 -10 10 10 10 10 Sep Oc Nov Dec Jan Feb Mar Apr May Jun- Jul- Aug- Sep- 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 JJuly 2010. 3 month rolling average 100 -09 09 -09 -09 09 09 10 0 10 09 09 10 Jul Aug- Sep Oct Nov- Dec- Jan- Feb-1Mar- Apr- May- Jul- Atlanta Charlotte Washington DC Dallas Tampa Total Taxable Sales: 16-county Charlotte region 4000 3700 3400 3100 2800 2500 $2,611,368,271 2200 1900 1600 1300 Source: NC Department of Revenue, SC Department of Revenue June, 2010 1000 t Jan Feb Ma r Ap r Ma y Jun Jul Au g Sep Oc No v De c 2008 2009 2010
  5. 5. BY THE NUMBERS Labor Market Comparison to Regions in Carolinas: Regional Comparison: Net Jobs as % of Workforce: 5 Aug 2009-Aug 2010 4 3 2 1 1.6% 1.1% 0.6% 0.4% 0.3% 0 -0.7% -1.1% -2.5% -1 -2 -3 -4 Source: LAUS program in NC, SC Labor Departments -5 RTP RT CRP Eastern AdvWest Ad PTP PT Southeast Upstate No Northeast Labor Market Comparison to Other Southeast Metro’s Metropolitan Comparison: Net Jobs as % of Workforce: 5 Aug 2009-Aug 2010 4 3 2 1 2.5% 0.6% 0% 0 -0.3% -0.5% -1.6% -1 -2 -3 -4 Source: LAUS program in VA, FL, OH, TN, KY, NC, SC, GA Labor Departments -5 Nashville Cincinnati Jacksonville Charlotte Richmond Atlanta
  6. 6. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Added Company County New or Expanded Type Jobs January-10 Advanced Green Technologies Mecklenburg Exp Energy 3 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 furniture N/A Extend-A-Haul Rowan Exp Mfg/truck parts 10-50 Convergys Corp Catawba Exp Call center 120 Mecklenburg/ Celgard Cabarrus Exp Energy/Batteries 289 Monsanto Co. Cabarrus New Research/health 12 W.A. Brown and Son Rowan Rehire Mfg 40 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 50 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 March-10 The Garretson Firm Mecklenburg Exp Legal Serv/health care 30 Turman Commercial Painters Mecklenburg Exp Commercial 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 Capital Advisors Mecklenburg New FS: mortgages 14 Integrated Capital Strategies Mecklenburg New FS: investment 23
  7. 7. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures New or Added Company County Expanded Type Jobs 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 inter modal 200 Michelin Aircraft Tire Company Stanly Exp Aircraft tires 74 Basset Furniture Industries Catawba Reopen Upholstery plant N/A Clariant Corporation Mecklenburg Exp Chemicals 50 PGT Industries Rowan 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/Back office 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 Immune Tolerance Institute Cabarrus New Health N/A General Mills Cabarrus New Health N/A US Food Service Inc Mecklenburg New Distribution: Food 400 Tannery Brook Partners Mecklenburg New FS: investment broker 14 Alro Steel Mecklenburg Exp Mfg: steel 10 Dublin Dog Mecklenburg Exp Mfg: dog collars N/A 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
  8. 8. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures New or Added Company County Expanded Type Jobs June-10 continued 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 Pamlico Mecklenburg Expansion Financial services 35 Peak Resources Gaston Expansion HQ/Health care N/A Gayle’s Aerospace Parts Mecklenburg New Whlsl: Transp equip 12 Atlantic Packaging Mecklenburg Expansion Paper/packaging 75 c5insight Mecklenburg Expansion Consulting 13 Pro Pac Mecklenburg New Packaging service 250 Hoffman’s and Hoffman’s Mecklenburg Expansion Mfg 18 V-Bio Inc Mecklenburg New Healthcare/Research N/A July-10 Freightliner Rowan Recall Mfg - automotive 280 Edgen Murray Mecklenburg Expansion Energy - steel fittings 13 Quicken Loans Mecklenburg Expansion Financial Services 100 Pulcra Chemicals LLC York (frm Meck) Expansion HQ/Chem mfg 15 Lucky County, Inc Lincoln Expansion Mfg - candy 3 August-10 Norandal USA Rowan Expansion Mfg- metal 25 Boral Composites, Inc Rowan Expansion Construction - green 25 Advisors Asset Management Mecklenburg Expansion Financial services 15 Supermetal Structures York New Mfg-steel 125 Wells Fargo Mecklenburg Expansion Financial Services 80 Fifth Third Mecklenburg Expansion Financial Services 25 Zenta Mecklenburg Expansion Financial Services 100 Tyson Foods Inc Union Expansion Food processing 60 Henry Schein Inc Union New Medical device N/A Sompo Japan Insurance Co Mecklenburg Expansion Financial Services 46 ProCal Professional Decals Cabarrus Expansion Motorsport N/A September-10 Lava USA York (frm Gaston) Expansion Mfg - knit fabric 10 Chemetall Foote Corp. Cleveland Expansion Energy-lithium batteries N/A Foundation Financial Mecklenburg Expansion Financial Services 50 ABB Mecklenburg New Energy - cables 100 ImageMark Business Services, Inc Gaston Expansion Business Services 15 Schaeffler Group USA Chesterfield Expansion Mfg - auto parts 70 DNP IMS America Corp (Dai Nippon) Cabarrus Expansion Printing technology 37 Siemens Energy Inc Mecklenburg Expansion Energy - nuclear group N/A CapitalSouth Partners Mecklenburg Expansion Financial Serivces 6 ISIS Find Services Mecklenburg New Financial Services N/A Source: Compiled by CRP staff from various news sources, press releases and company announcements
  9. 9. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Company County Layoff/Closure Type Lost Jobs January-10 Coastal Federal Credit Union 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 Warehousing/Logistics 53 Carilion Labs Mecklenburg LY Health care 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 Humana Inc Lancaster LY Health 70 June-10 John Deer Southeast Engineering Center Mecklenburg CL Services 90 Lance Inc Mecklenburg LY Mfg-Snack food 96 July-10 Butler America Various LY Feet maintenance 9 TS Electric Inc Gaston CL Electrical contractor 71 IBM Corp Mecklenburg LY Technology 50 August-10 Caye Home Furnishing Alexander LY Mfg-Furniture 70 Cooper Wiring Devices Mecklenburg CL Mfg/Distrib wire 82
  10. 10. BY THE NUMBERS Charlotte USA Business Activity: Announced Investments, Layoffs & Closures Company County Layoff/Closure Type Lost Jobs September-10 Charlotte Observer Mecklenburg LY Newspaper 20 Automated Solutions LLC Catawba CL Plastic Packaging 12 Source: Compiled by CRP staff from various news sources, press releases and company announcements Charlotte Regional Partnership 550 South Caldwell St Suite 760 Charlotte, NC 28202 (704) 347-8942 fax (704) 347-8981 Compiled monthly and posted online www.charlotteusa.com: For questions, contact: Vanessa Goeschl, CEcD, VP Research vgoeschl@charlotteusa.com

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