County's Jobless Rate Falls To 4.2 Percent In Recent Release

 

May 2, 2019



Transylvania County’s jobless rate in March was 4.2 percent, down from 4.3 percent the previous month, according to preliminary figures from the state Department of Commerce released Wednesday.

The local jobless numbers only take into account those who qualify for unemployment benefits and have not been seasonally adjusted.The statewide rate in March was 4.1 percent, down from 4.2 percent in February.

Transylvania’s jobless rate in March of 2018 was 4 percent. Jobless rates decreased in 81 of the state’s 100 counties, increased in three and remained the same in 16 in March.

Buncombe County’s jobless rate in March was 3.2 percent, the lowest in the state, while Haywood’s was 3.7 percent.

Jackson was at 4.7 percent, and Henderson stood at 3.5 percent.

At 11.5 percent, Hyde County was the highest in the state.

Among the metro areas, Rocky Mount had the highest at 5.3 percent. Asheville had the lowest at 3.3 percent.

The Transylvania Economic Alliance has identified — based on similar population sizes — Ashe, Bladen, Cherokee, Dare, Macon and Montgomery counties as peer counties in the state to measure and compare to how Transylvania is performing.


In March, Ashe’s jobless rate was 4.4 percent; Bladen was 5 percent; Cherokee was 4.7 percent; Dare was 7 percent; Macon was 4.6 percent; and Montgomery was 4.1 percent.

When compared to the same month last year, not seasonally adjusted unemployment rates increased in 61 counties, decreased in 26 and remained unchanged in three.

The number of workers employed statewide in March increased by 34,495 to 4,858,751 while those unemployed decreased by 4,855 to 206,445.

 
 

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