Vance County’s unemployment rate stands at 6.4 percent for July 2022, slightly lower than the rate so far for 2022, which is 6.8 percent. However, these rates remain well below the state averages of 3.7 percent and 4.1 percent, respectively.
According to data released yesterday by the N.C. Department of Commerce, Vance joins the other 99 counties in the state which experienced a decrease in the unemployment rate.
In Granville County for July, the rate is 3.2 percent. In Warren County, the number is 6.6 percent and in Franklin County the rate is 3.6 percent.
August figures are scheduled to be released in mid-September.
Henderson and Oxford are categorized as “micropolitan statistical areas,” a term coined in the 1990’s to describe growing population centers that are not near larger cities, and that draw workers and shoppers from a wide local area.
Henderson’s unemployment rates dropped 2 full percentage points from July 2021 to July 22 – from 8.4 percent to 6.4 percent, according to the data. Oxford also saw its unemployment rate drop over the same period, from 4.3 percent to 3.2 percent.
The number of workers employed statewide (not seasonally adjusted) increased in July to 4,966,822 – up by 31,277 – according to the data and unemployed individuals decreased by 18,851 to 190,340. Since July 2021, the number of workers employed statewide increased by 214,946, while those unemployed decreased by 65,092.
Vance and Warren counties are among 14 counties with unemployment rates between 5 percent and 10 percent; Granville joins 85 other counties with rates 5 percent or lower. None of the state’s 100 counties has a rate that exceeds 10 percent.
According to data from the Commerce Department, Franklin County has the largest labor force – or number of employed individuals – with 33,966. There are 1,218 who are unemployed for a rate of 3.6 percent.
Granville County follows with 30,571 people in the labor force. There are 991 unemployed for a rate of 3.2 percent. Vance has a labor force of 16,770, with 1,069 unemployed, which makes a 6.4 percent unemployment rate. And Warren County has the smallest labor force – 6,558 – with 436 unemployed for a rate of 6.6 percent.