Triangle Loses 20,000 Jobs in January, Unemployment Rate Increases in 98 Counties
The January jobs report is out and it doesn't look good. In all but two counties the unemployment rate went up and the Triangle lost an astounding 20,000 jobs over the month. So much for the Carolina Comeback.
The Triangle lost nearly 20,000 jobs from December to January and the unemployment rate shot up again after several months of decline.
The Raleigh/Cary metro lost the bulk of the jobs – 14,300 – a 2.5 percent drop in real terms. The unemployment rate jumped from 4.2 percent in December to 4.8 percent in January. In Durham/Chapel Hill the total job losses weren’t as high but because of the smaller workforce the unemployment rate increased to 5 percent from 4.3 percent, according to data released from the N.C. Department of Commerce on Friday.
Across the state, the economy added 2,000 jobs from December to January, essentially flat. Measured county by county, the unemployment rate increased in 98 of North Carolina’s 100 counties. Only Granville and Jones counties saw a decrease.