11/2/2017 – Caldwell County jobless rate falls to 4 percent for lowest rate in 17 years

Posted on: November 2nd, 2017 by admin

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November 2, 2017

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Caldwell County’s unemployment rate fell to 4 percent in September, matching the yearly low and giving the county its lowest jobless level since December 2000.

 

The September rate dipped 0.5 percentage points from the August reading and is the lowest September unemployment number since 2000 when the rate was 3.4 percent. Compared to last year, the unemployment rate dropped 1.1. percentage points.

 

More than 500 people were added to the payrolls from August to September, with 34,872 reported jobs. The number of people unemployed shrank to 1,451 – the lowest number since December 2000 when 1,268 individuals were out of work.

 

Caldwell began the year with a 5.6 percent unemployment rate, but the county has been below 5 percent in every month since. The county’s average jobless rate for the year currently is at 4.5 percent.

 

Out of 100 counties in North Carolina, Caldwell is tied with the 43rd lowest unemployment rate. The rankings are a stark contrast to the beginning of the decade when Caldwell consistently had the third worst jobless rate in the state.

 

“Based on our current unemployment trends within the county, our expectation is that there will be continued job growth through the end of 2017,” Caldwell County Economic Development Commission Executive Director Deborah Murray said.

 

Murray added that the county continues to focus on bringing in new residential housing and market-rate apartments. She said too many people working in Caldwell County opt to live in neighboring counties.

 

“We have gone to great lengths to find and encourage residential development, both single-family and multi-family,” Murray said. “It is our hope that those efforts begin to pay off soon and our employment and population bases will evidence that growth as well.”

 

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