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NC Economic Workforce Situtation
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NC Economic Workforce Situtation

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  • Just 17 counties have unemployment rates at or below the national rate
  • Also note that unemployment is a lagging indicator, so people won’t be feeling
  • Transcript

    • 1. ECONOMIC AND WORKFORCE SITUATION REPORT June 30, 2009
    • 2. Employment Security Commission: Dr. Betty McGrath, Director, Labor Market Information Division Nelse Grundvig, Manager, Labor Market and Occupational Research Other Labor Market Information Division staff Rural Center: Anne Bacon, Senior Director for Workforce Development R.V. Rikard, Senior Associate for Research Research Team
    • 3. North Carolina Rural Counties Definition of rural… Source: U.S. Census Bureau
    • 4. What is the employment and unemployment situation?
    • 5. Employment N.C. Non-agricultural Employment Annual Average 2000-2008 Source: ESC (CES) Note: Y Axis set to 3,700 Thousand
    • 6. N.C. Non-agricultural Employment Seasonally Adjusted Jan. 2008 - May 2009 Source: ESC (CES) Note: Y Axis set to 3700 Employment
    • 7. N.C. Unemployment Annual Average 2000-2008 Source: ESC (LAUS) Unemployment
    • 8. N.C. Unemployment Jan. 2008 - May 2009 – Seasonally Adjusted Source: ESC (LAUS) Unemployment
    • 9. Highest State Unemployment Rates Seasonally Adjusted - May 2009 U.S. Unemployment Rate: 9.4% Source: ESC (BLS) Unemployment Rank State Rate 1 Michigan 14.1 2 Oregon 12.4 3/4 South Carolina 12.1 3/4 Rhode Island 12.1 5 California 11.5 6 Nevada 11.3 7 North Carolina 11.1 8 Ohio 10.8 9/10 Tennessee 10.7 9/10 District of Columbia 10.7
    • 10. Unemployment Unemployment Rates Seasonally Unadjusted May 2009 Source: ESC
    • 11. Rural/Urban Unemployment Rates 2000-2008 Unemployment Source: ESC (LAUS)
    • 12. Rural/Urban Unemployment Rates January 2008 - May 2009 Unemployment Source: ESC (LAUS)
    • 13. People Receiving Food Stamps in N.C. April 2007- April 2009 Source: NC Division of Social Services Impact
    • 14. Number of Foreclosures January 2008 – May 2009 Source: N.C. Administrative Office of the Courts Impact
    • 15. What do we know about people filing for unemployment insurance?
    • 16. Initial Claims for Unemployment Insurance January 2008 - May 2009 Source: ESC Unemployment Insurance
    • 17. Continued Weeks for Unemployment Insurance January 2008 – May 2009 Source: ESC Unemployment Insurance
    • 18. Individuals Exhausting “Regular” Unemployment Insurance January 1990 – May 2009 Source: ESC Unemployment Insurance
    • 19.
      • Who is a dislocated worker?
      • Laid off due to no fault of own
      • Definition for this presentation
      Dislocated Workers
    • 20. Geography of Dislocated Workers January 2009 - May 2009 Source: ESC Dislocated Workers
    • 21. Sex of Dislocated Workers January 2009 - May 2009 Source: ESC Dislocated Workers
    • 22. Age of Dislocated Workers January 2009 - May 2009 Source: ESC Dislocated Workers
    • 23. Race/Ethnicity of Dislocated Workers January 2009 - May 2009 Source: ESC Dislocated Workers
    • 24.
      • Dislocated workers now vs. early 2000s:
      • More urban than before, but still majority rural
      • More white; no longer disproportionately black
      • Larger majority male
      Dislocated Workers
    • 25.
      • Yet to come – full impact of…
      • Auto industry (supplier) layoffs
      • Financial services layoffs
      • Government job losses
      • Budget crisis
      Dislocated Workers
    • 26. Government as Percent of Total Employment 2000 – 2008 Source: ESC (CES) Dislocated Workers
    • 27. Previous recovery was slow, didn’t reach all
    • 28. North Carolina Nonfarm Employment January 1990 – May 2009 Recovery Challenges Source: ESC (CES )
    • 29. Recovery Challenges North Carolina Manufacturing Employment January 1990 – May 2009 Source: ESC (CES )
    • 30. Poverty 2000 Source: U.S. Census Bureau Recovery Challenges
    • 31. Poverty 2007 Source: U.S. Census Bureau Recovery Challenges
    • 32.
      • Re-employment slow
      • 59.4% after one year
      • 61.9% after two years
      • (2001 layoffs)
      Source: ESC (MLS analysis for Gaining a Foothold) Personal Recovery Challenges
    • 33.
      • New jobs pay less
      • 78.2% of original wages after one year
      • 80.5% after two years
      • (2001 layoffs)
      Source: ESC (MLS analysis for Gaining a Foothold) Personal Recovery Challenges
    • 34.
      • Earlier recovery didn’t reach all
      • This recession - whole different scale
      • Worker dislocation now more widespread
      • Urban counties hit hard; rural counties hit harder (some exceptions)
      • More to come - key industries
      • Pain will continue long after economy starts to turn around
      Summary