The Transylvania Times -

Transylvania County's Latest Jobless Rate Stands At 5.1 Percent – Transylvania County, NC

 

Last updated 9/30/2020 at 3:27pm



Transylvania County’s jobless rate in August was 5.1 percent, down from 6.5 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 August was 6.8 percent, down from 8.8 percent the previous month.

Jobless rates decreased in all of the state’s 100 counties in August.

Camden and Watauga counties had the lowest jobless rate in August at 4.6 percent, while Scotland County had the highest jobless rate at 11.6 percent.

Buncombe was at 7.5 percent, and Haywood was at 6.7 percent.

Jackson was at 6.1 percent, and Henderson stood at 6 percent.

Among the metro areas, Fayetteville and Rocky Mount had the highest at 9.1 percent.

New Bern had the lowest at 5.9 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 August, Ashe’s jobless rate was 5.1 percent; Bladen was 6.5 percent; Cherokee was 6.6 percent; Dare was 6.2 percent; Macon was 5.8 percent; and Montgomery was 6.3 percent.

Transylvania’s jobless rate in August of 2019 was 4 percent.

The number of workers employed statewide in August decreased by 22,848 to 4,485,131 while those unemployed decreased by 108,798 to 327,976.

Since August 2019, the number of workers employed statewide decreased 379,491, while those unemployed increased 117,769.

The next unemploy-ment update is scheduled for Tuesday, Oct. 20, when the state unemployment rate for September 2020 will be released.

 
 

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