Mountain Area Workforce Development Board

Regional Labor Market Snapshot

December 2019UnemploymentRates*

Mountain Area Region

L A B O RMARKET OVERVIEW

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

0%

4%

8%

12%

16%

Dec-15

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

Mountain Area2.7%

2.5 3.2 3.9 4.8 5.8 9.7

Henderson2.8%

Buncombe2.5%

Transylvania3.3%

Madison3%

February 2020

Employment & Wages by Supersector2nd Quarter 2019

Establishments Avg. Employment Avg. Weekly Wage

Natural Resources & Mining 122 1,465 $642.89

Construction 1,583 9,813 $980.72

Manufacturing 537 19,961 $994.12

Trade, Transportation, & Utilities 2,715 35,943 $686.34

Information 263 1,936 $1,012.16

Financial Activities 1,492 6,054 $1,071.28

Professional & Business Services 2,822 18,181 $840.87

Education & Health Services 1,766 49,692 $1,014.73

Leisure & Hospitality Services 1,508 29,627 $423.13

Other Services 1,299 7,194 $569.52

Public Administration 108 8,929 $925.83

Trending

REGIONAL EMPLOYMENT*

1,907 Fewer People Workingin December than previous month

7,982 More People Workingthan same period one year ago

Mountain Area Total = 220,893

ONLINE JOB ADS

UNEMPLOYMENT*

Mountain Area Total = 6,051December 2019

Current Previous

Region 2.7% 2.6%

NC 3.3% 3.4%

US 3.4% 3.3%

TAXABLE RETAIL SALES

3.5% Higherthan same period one year ago

Mountain Area Total = $688,248,531

Source: NC Dept. of RevenueNote: October 2018 data most current available at time of release.

500 Fewer Jobsin December than previous month

Asheville Total = 205,100METRO JOB GROWTH*

6,500 More Jobsthan same period one year ago

*December 2019 data are preliminary, previous month’s data are revised while all other data have undergone annual revision All data produced in this publication are 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

4,247 Online Advertised Vacanciesover past 90 days

84 More Vacanciesthan same period one year agoSource: LEAD/The Conference Board

Mountain Area Workforce Development Board

L A B O RMARKET OVERVIEW

December 2019 November 2019 October 2019 December 2018

Buncombe

Labor Force 145,028 146,278 147,938 140,461

Employed 141,356 142,602 143,909 136,406

Unemployed 3,672 3,676 4,029 4,055

Rate 2.5 2.5 2.7 2.9

Henderson

Labor Force 56,755 57,118 57,713 54,901

Employed 55,164 55,548 55,973 53,139

Unemployed 1,591 1,570 1,740 1,762

Rate 2.8 2.7 3.0 3.2

Madison

Labor Force 10,540 10,613 10,740 10,204

Employed 10,228 10,299 10,385 9,858

Unemployed 312 314 355 346

Rate 3.0 3.0 3.3 3.4

Transylvania

Labor Force 14,621 14,810 15,064 14,035

Employed 14,145 14,351 14,546 13,508

Unemployed 476 459 518 527

Rate 3.3 3.1 3.4 3.8

Civilian Labor Force Estimates*

December 2019 data are preliminary, previous month’s data are revised while all other data have undergone annual revision

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

This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.”

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