The Transylvania Times -

Transylvania's Jobless Rate At 4 Percent In Latest Release

 

August 29, 2019



Transylvania County’s jobless rate in July was 4 percent, down from 4.3 percent the previous month, according to preliminary figures from the state Department of Commerce.

The local jobless numbers only take into account those who qualify for unemployment benefits and have not been seasonally adjusted.

The statewide rate in July was 4.4 percent, the same as the previous month.

Transylvania’s jobless rate in July of 2018 was 3.8 percent. Jobless rates increased in five of the state’s 100 counties in July, decreased in 70 and remained unchanged in 25.

Buncombe County’s jobless rate in July was 3.3 percent, the lowest in the state, while Haywood’s was 3.6 percent.

Jackson was at 4.6 percent, and Henderson stood at 3.6 percent.

At 7.4 percent, Scotland County was the highest in the state.

Among the metro areas, Rocky Mount had the highest at 6 percent. Asheville had the lowest at 3.5 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 July, Ashe’s jobless rate was 4.1 percent; Bladen was 5.4 percent; Cherokee was 4.8 percent; Dare was 3.7 percent; Macon was 4.2 percent; and Montgomery was 4.6 percent.

When compared to the same month last year, not seasonally adjusted unemployment rates increased in 96 counties, decreased in two and remained unchanged in two.

The number of workers employed statewide in July increased by 33,300 to 4,953,588 while those unemployed decreased by 2,405 to 226,720.

 
 

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