Gaston Workforce Development Board

Regional Labor Market Snapshot

March 2020UnemploymentRates*

Gaston Region

L A B O RMARKET OVERVIEW

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

-4%

0%

4%

8%

12%

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

3.4 4.1 4.8 5.8 7.5 13.1

Gaston4.4%

May 2020

Trending

REGIOnAl EMplOyMEnT*

3,346 Fewer people Workingin March than previous month

1,275 Fewer people Workingthan same period one year ago

Gaston Total = 105,831

OnlInE JOB ADs

UnEMplOyMEnT*

Gaston Total = 4,849March 2020

Current previous

Region 4.4% 3.8%

nC 4.2% 3.7%

Us 4.5% 3.8%

TAxABlE RETAIl sAlEs

5.2% Higherthan same period one year ago

Gaston Total = $200,805,726

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

2,100 Fewer Jobsin March than previous month

Charlotte Total = 1,241,600METRO JOB GROWTH*

16,300 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

3,008 Online Advertised Vacanciesover past 90 days

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

Workforce Adjustment and Retraining Notification (WARN)Effective March 1, 2020 or Later

Company Name Employee County Effective Date Layoff/Closure

Keystone Powdered Metal 55 Gaston 03/30/2020 Layoff Temp.Hooters 29 Gaston 03/20/2020 Layoff Perm.