Hyde County October workforce totals 2,111 people
Published 7:46 pm Wednesday, December 6, 2017
Hyde County’s jobless rate increased from 5.2 percent in September to 5.4 percent in October, according to the Labor & Economics Analysis Division of the N.C. Department of Commerce. In October 2016, its unemployment rate was at 8.1 percent.
During October, the county’s workforce totaled 2,111 people. Of that number, 1,996 people were employed and getting paychecks. That left 115 people unable to secure employment, according to LEAD figures.
From September through October, unemployment rates increased in 93 of the state’s 100 counties and were unchanged in seven counties, according to LEAD data.
Among the state’s 100 counties in October, 78 of them had unemployment rates of 5 percent or lower, 22 counties had jobless rates between 5 percent and 10 percent and no county had a jobless rate of 10 percent or higher. Scotland County had the highest unemployment rate in October at 7.2 percent, according to LEAD data. Buncombe County had the lowest jobless rate in October at 3.3 percent.
North Carolina’s unemployment rate increased from 3.9 percent in September of 4.1 percent in October, according to LEAD figures.
“North Carolina’s economic expansion continued in October with a low unemployment rate and positive job growth. The rate of job growth has slowed in 2017, driven in part by a slowdown in the Construction sector. However, most other economic indicators suggest ongoing improvement, with no clear signs of recession on the horizon,” according to a Commerce Department document.
The jobless figures released by the Commerce Department 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.