Jobless rate declinesPublished 5:38pm Wednesday, August 28, 2013
Beaufort County’s unemployment rate from month to month continues its minor fluctuations of a few tenths of a percentage point, with that rate hovering around 11 percent.
The county’s unemployment rate fell from 11.1 percent in June to 10.7 percent in July, a decrease of 0.4 percent, according to the N.C. Division of Workforce Solutions.
Neal Anderson, manager of the local Workforce Solutions (formerly the Employment Security Commission), expects those minor fluctuations in the county’s unemployment rate to continue for the foreseeable future.
Asked if he is aware of anything — hirings or layoffs — that could make a difference in the county’s unemployment rate in the coming months, Anderson said idX Corp.’s plans to expand a manufacturing facility on Springs Road include creation of jobs.
“That’s only thing of any significance that I know of right now. That’s the only major thing I’m aware of right now,” Anderson said Wednesday.
Earlier this year, the city received an offer from idX Corp. to buy the city-owned building which houses Impressions Marketing Group. During its meeting Aug. 12, the City Council voted unanimously to accept idX’s bid of $800,000 for the building and adjacent land.
According to a memorandum written by Matt Rauschenbach, the city’s chief financial officer and assistant city manager, idX is considering investing $2 million in tooling and equipment upgrades at the existing facility and adding 150 jobs during a three-year period.
According to the memorandum, idX is weighing expanding the existing facility in Washington or a facility in Virginia or one in Indiana.
As part of its plans, idX is applying for $3,020,000 in grants for the expansion and jobs creation.
Beaufort County’s work force in July totaled 21,071 people, according to DWS. Of that number, 18,825 people were working, but 2,246 people were unable to find jobs, according to DWS.
The state’s unemployment rate for July was 9.1 percent, down from 9.3 percent in June.
During July, not one of the state’s 100 counties had an unemployment rate of 5 percent or less, according to DWS. Sixty-two counties had jobless rate between 5 percent and 10 percent during July. Thirty-eight counties had unemployment rates above 10 percent, according to DWS.
In July, Scotland County had the highest jobless rate in the state at 16 percent. For July, Currituck County had the lowest unemployment rate in the state at 5.3 percent.
The jobless figures released by DWS do not include unemployed people whose unemployment insurance benefits expired and who are not listed as unemployed. Factor in those people and a county’s true jobless rate is higher.