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NC Economic Workforce Situtation

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NC Economic Workforce Situtation

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

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