2-7-2020 – Jobless number hits 15-month low

Posted on: February 7th, 2020 by admin

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February 7, 2020

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By Guy Lucas
guylucas@newstopicnews.com

Feb 06, 2020 12:09 PM

 

Caldwell County’s unemployment rate made another tiny step of improvement in December as the number of residents without jobs hit its lowest level since September 2018.

 

The number of county residents without a job fell by about 30 to 1,263 in December, the lowest number of any month in 2019, the state Labor and Economic Analysis Division reported. That’s also the lowest number since the county reached a post-recession low unemployment rate of 2.9 percent in September 2018, when the number of people without jobs was 1,080.

 

The county’s unemployment rate dropped by 0.1 percentage point to 3.4 percent in December. That was tied for 39th lowest among the state’s 100 counties, an improvement from November, when it was tied for 45th.

 

The closure of Heritage Home Group’s last two furniture plants in Caldwell County in late 2018 had pushed the unemployment rate to 4.8 percent in January 2019, but it has steadily improved since then.

 

Unemployment dropped in 92 counties in December and rose in just four.

 

The rate in neighboring Catawba and Burke counties also dropped by 0.1 points, to 3.1 percent in Catawba and 3.3 percent in Burke.

 

The overall unemployment rate in the Hickory-Lenoir-Morganton metropolitan statistical area was 3.2 percent, tied with Burling and Winston-Salem for the sixth lowest among the state’s 15 metro areas.

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