THREE SECRET FACTS FROM THE MONTHLY N.C. EMPLOYMENT REPORT
The N.C. Dept. of Commerce’s Division of Labor & Economic Analysis released the July monthly state employment figures Monday and the word is “up” -- as in higher than June’s. North Carolina’s 6.5 percent unemployment rate is higher than last month’s and still is higher than the national unemployment rate. That’s all stuff that can be found in typical accounts. Here are three facts about employment in North Carolina you won’t find in the usual coverage.
The only major sector experiencing a decrease in jobs over the last month as well as the last year – government. But you don’t need to tell that to folks at the public schools – particularly teacher assistants. Seasonally adjusted figures reveal a drop of 4,900 government jobs – from 710,100 a year ago to 705,200 for July 2014. When looking at stats that ARE NOT seasonally adjusted, the number of government employees in the last month, dropped from 684,300 in June to 608,800 – a 75,500 drop.
Workers are vanishing. While North Carolina’s population continues to grow, workers are disappearing from the labor force. A year ago, North Carolina’s workforce was 4,692,338. In July 2014 that number was 4,674,116. That means 18,222 people who once had jobs, or were looking for work, vanished. Imagine if the entire population of Clayton, Hendersonville, Morrisville, or Boone, just disappeared. One day they were here: contributing to the economy, playing, going to school, raising crops, and then a year later, poof and gone.
Manufacturing workers are taking home less pay. The average weekly hours for manufacturing production workers decreased 1 hour and six minutes in July compared to June – a drop to 43.8 hours. So, while average hourly wages increased a whopping 11 cents, to $16.79 an hour, those workers actually took home $13.65 LESS a week to an average $716.93.