Vance jobless rate unchanged

Jul. 30, 2014 @ 06:54 PM

The Tri-County’s unemployment rate remained largely unchanged from last month ­— but the area saw a sizable decrease from the same period last year.

Vance County has a seasonally unadjusted unemployment rate of 9.4 percent in June, which is the same rate as in May, according to data released Tuesday by the state Department of Commerce.

Granville County’s rate decreased by two-tenths of a percentage point from 7 percent in May to 6.8 percent in June. Warren County’s rate was unchanged at 9 percent.

Unemployment rates decreased in 81 of North Carolina’s counties in June, increased in 10 and remained unchanged in nine, according to data from the state Department of Commerce.

Scotland County had the highest unemployment rate at 12.1 percent, while Currituck County had the lowest at 4.2 percent.

Though the Tri-County’s rates were similar to those from last month, there has been a decrease in unemployment since this period last year.

Vance County’s jobless rate last year was in the double digits at 11.6 percent — which is 2.2 percentage points more than the rate in June 2014.

Warren and Granville counties also showed improvement; both Warren’s and Granville’s jobless rate dropped 2.3 percentage points since last year.

Still, the Tri-County has a higher unemployment rate than the rest of the state, which has a seasonally unadjusted rate of 6.5 percent for June 2014.

Vance County’s rate for May put it near the bottom of the state’s 100 counties. It ranked 94, compared to 93 last month.

Warren sat at 92, and Granville was ranked at 44.

Compared to the other 14 counties in the Research Triangle Regional Partnership, Vance has the second-highest unemployment rate — only behind Edgecombe County.

The seasonally adjusted rates for Vance, Granville and Warren counties are slightly different than those unadjusted.

The Bureau of Business Research at East Carolina University provides seasonally adjusted rates for the nation, North Carolina, South Carolina, Tennessee, and Virginia.

Seasonal adjustment is a way of removing the seasonal fluctuations and allows for a better understanding of the true movements of the economy’s various components, according to the Bureau of Business Research.

The seasonally adjusted rate for Vance is 9 percent, according to the Bureau of Business Research. Granville’s seasonally adjusted rate is 6.5 percent, and Warren’s rate is 8.8 percent.

 

Contact the writer at smansur@hendersondispatch.com.