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July 17, 2018

Job Creation Remains Stagnant at County Levels; Drops Nationally

The state has released the county and area unemployment numbers for the month of October. The numbers remain stagnant despite a drop in unemployment at the national level.
For Jackson County October experienced an unemployment rate of 4.5% for the month which is  the same as September’s numbers. Compared to last year, the rate has dropped by .9%, as the unemployment rate for October 2015 was at 5.4%.
In Swain County, the unemployment rate remained unchanged from September as well, as it stands at 4.7%. The rate fell from last year, when it stood at 6.5%, which means that from last year, the unemployment rate has dropped by 1.8%.
Nationally the unemployment rate dropped in the month of October to 4.6% as employers added 178,000 jobs. This is a 9 year low for unemployment across the country. Average hourly pay slipped after a solid gain the previous month. Pay has increased at only a modest pace in the past year.

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