County's Latest Reported Jobless Rate Stands At 10.3 Percent
Last updated 7/1/2020 at 4:45pm
Transylvania County’s jobless rate in May was 10.3 percent, down from 10.5 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 May was 12.7 percent, up from 12.5 percent the previous month.
Jobless rates increased in 65 of the state’s 100 counties in May, decreased in 34 and remained unchanged in one.
Bertie and Chowan counties’ jobless rate in May was 8.1 percent, the lowest in the state, while Swain County had the highest at 19.7 percent.
Buncombe was at 17.5 percent, and Haywood was at 15.4 percent.
Jackson was at 15 percent, and Henderson stood at 13.4 percent.
Among the metro areas, Asheville had the highest at 16.1 percent. Goldsboro had the lowest at 10.1 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 May, Ashe’s jobless rate was 10.3 percent; Bladen was 10 percent; Cherokee was 14.4 percent; Dare was 19.6 percent; Macon was 11 percent; and Montgomery was 10 percent.
Transylvania’s jobless rate in May of 2019 was 3.8 percent. The number of workers employed statewide in May increased by 126,694 to 4,224,833 while those unemployed increased by 31,903 to 617,073. Since May 2019, the number of workers employed statewide decreased 660,445, while those unemployed increased 420,633.