charlotte usa by the numbers 7-31-2010

10
BY THE NUMBERS JULY Charlotte Regional Partnership Department of Research 550 South Caldwell St Suite 760 Charlotte, NC 28202 (704) 347-8942 fax (704) 347-8981 Compiled monthly and posted online www.charlotteusa.com: 10 BY THE NUMBERS

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The Charlotte Regional Partnership’s monthly By the Numbers is the only report of its kind. Easy-to-read charts not only compare employment numbers in the current and prior years for each of our 16 counties, the report breaks down employment changes by industry. It compares the Charlotte region with the other six partnership areas in North Carolina and other major Southeast regions. Charts show at a glance year-to-year comparisons of the national unemployment rate, consumer confidence and home sales indices. The report also summarizes Charlotte USA locations, expansions, closings and layoffs for each month fiscal year-to-date. And there are extras, such as taxable sales within the region.

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Page 1: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERS

JULY

Charlotte Regional PartnershipDepartment of Research

550 South Caldwell StSuite 760

Charlotte, NC 28202 (704) 347-8942

fax (704) 347-8981Compiled monthly and posted online

www.charlotteusa.com:

10

BY THE NUMBERS

Page 2: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERS

10000

20000

30000

40000

50000

DecDecNovNovOctOctSepSep

AugAugJulJulJunJunMayMayAprApr

MarMar

FebFebJanJan

20092008 2010

18,546

BY THE NUMBERS

Charlotte Regional Partnership:

Initial Unemployment Claims

DecDecNovNovOctOctSepSep

AugAugJulJulJunJunMayMayAprApr

MarMar

FebFebJanJan DecccccccDDeeeccccccccccNovvvvNoovvvvvvvvOctttttttttOOccctttttttttttSeppppppppppSSeeepppppppppppp

AuggggggggAuuuggggggggggggJulllllJuullllllllllJunnnnnnnJJuunnnnnnnnMayyyyMaayyyyyyAprrrApprrrr

MarrrrMMaarrrrr

Febbbbbbbbbeebbbbanaannn

2008 2009 2010

1000000

1050000

1100000

1150000

1200000

1250000

1,133,174

Charlotte Regional Partnership:

“Employed” Population

NC10.0%

SC10.7%

Labor Force in Charlotte USA (June 2009 to June 2010)

declined by 0.7%

Unemployment Rate in Charlotte USA

decreased to 11.66% from 11.71% last month

Initial Unemployment Claims increased region wide by 20.6%

in June ‘10 from May ‘10

A change in the unemployment is not entirely attributable to job gains and losses. It is partially caused by the movement of people in and out of

the labor force.

Local Labor Conditions

Over-the-Month Employment Change -6,100 -0.7%

Professional and Business Services 700 0.5%

Mining, Logging & Construction 600 1.7%

Manufacturing 600 0.9%

Other Services 500 1.6%

Leisure & Hospitality 500 1.6%

Information 100 0.5%

Trade, Transportation & Utilities -100 -0.1%

Financial Activities -200 -0.3%

Education and Health Services -900 -1.1%

Government -7,900 -6.4%

Over-the-Year Employment Change -1,600 0.2%

Prefessional and Business Services 6,100 4.9%

Government 3,500 3.1%

Educational & Health Services 1,600 2.0%

Leisure & Hospitality 1,100 1.2%

Trade, Transp. & Utilities 700 0.4%

Other Services 300 1.0%

Information -100 -0.5%

Manufacturing -1,500 -2.2%

Financial Activities -3,100 -4.4%

Mining Logging & Construction -7,000 -16.2%

Charlotte-Gastonia-Concord MSA: Employment Trends

Source: NC Employment Security Commission, May, 2010. MSA include Anson, Cabarrus, Gaston, Mecklenburg, Union and York Counties. CES data is based on work location and is a monthly survey of employers. It counts the number of positions in the MSA on a monthly basis.. Cannot be compared to LAUS data (above).

Source: NC ESC, SC ESC LAUS June 2010Source: NC ESC, SC ESC June 2010

LAUS figures are estimates by place of residence. It counts the number of employed people living in the 16 county region at month end. Cannot be compared to CES data (below)

Page 3: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERSBY THE NUMBERS

National Perspective

Southeastern U.S. Perspective

U.S. Unemployment Rate

U.S. Consumer Confidence Index

1.0

3.8

6.6

9.4

12.2

15.0

2008 2009 2010DecDec

NovNovOctOctSepSepAugAugJulJulJunJun

MayMayAprApr

MarMar

FebFebJanJan

9.5%

0

30

60

90

120

150

DecDecNovNovOctOctSepSep

AugAugJulJulJunJunMayMayAprApr

MarMar

FebFebJanJan

2007 20092008 2010

50.4

0

10

20

30

40

50

60

70

Employment ProductionNew OrdersComposite (PMI)

Jul-09

Jul-10 Jun-10

May-10

Apr -10

Mar-10 Feb-10

Jan-10 Dec-09

Nov-09 Oct-09

Aug-09 Sep-09

55.5

Institute for Supply Management (ISM)

Report on Business: Manufacturing Diffusion Indices

-50-40-30-20-10

01020304050

Employment ShipmentsNew OrdersComposite

Aug-09 Sep-09

Jul-09 Jul-10

Jun-10 May-10

Apr - 10

Mar-10 Feb-10

Jan-10 Nov-09

Dec-09 Oct-09

16

Federal Reserve Bank of Richmond:

Fifth District Survey of Manufacturing Activityincludes Maryland, Virginia, West Virginia, North Carolina and South Carolina

Source: U.S. Bureau of Labor Statistics July 2010

Source: The Conference Board July 2010

Source: Institute for Supply Management July 2010

Source: Federal Reserve Bank of Richmond July 2010

Page 4: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERSBY THE NUMBERS

Southeastern U.S. Perspective

100110120130140150160170180190200

AtlantaDallas

Charlotte

Tampa

Washington DC

Aug-09 Jul-09

Jun-09

May-09 Apr-09

Mar-10 Feb-10

Jan-10 Dec-09

Nov-09 Oct-09

Sep-09

S&P / Case-Shiller Index Home Price IndicesSeasonally Adjusted

10001300160019002200250028003100340037004000

DecDecNovNovOctOctSepSepAugAugJulJulJunJun

MayMayAprAprMar

MarFebFebJanJan

20092008

$2,479,009,873

Total Taxable Sales: 16-county Charlotte region

Source: NC Department of Revenue, SC Department of Revenue Oct 2009

Source: S&P / Case-Shiller Index July 2010. 3 month rolling average

Page 5: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERS

Labor Market Comparison to Regions in Carolinas:

Labor Market Comparison to Other Southeast Metro’s

-5

-4

-3

-2

-1

0

1

2

3

4

5

AtlantaCharlotte Cincinnati

Nashville Jacksonville Richmond

1.2% 0.9%-0.7% -1.1% -1.3% -1.9%

Metropolitan Comparison:Net Jobs as % of Workforce:

June 2009-June 2010

Source: LAUS program in VA, FL, OH, TN, KY, NC, SC, GA Labor Departments

-5

-4

-3

-2

-1

0

1

2

3

4

5

UpstatePTPRTP Southeast

AdvWest Northeast

1.3% 0.9% 0.6% 0.0%-0.5%

-1.0%

No

U

EasternCRPC

RT

-1.0% -3.2%

Regional Comparison: Net Jobs as % of Workforce:

June 2009-June 2010

Source: LAUS program in NC, SC Labor Departments

Page 6: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERS

Charlotte USA Business Activity: Announced Investments, Layoffs & Closures

Company County New or Expanded TypeAdded Jobs

January-10Advanced Green Technologies Mecklenburg Exp Energy 3Wilbert Plastic Services Gaston New HQ/Mfg 41Composite Resources York Exp Mfg 50Husqvarna Mecklenburg Exp NAHQ/Mfg 160Belk Mecklenburg Exp HQ/retail 39Harmony Labs Cabarrus Exp Pharma mfg 40Concord Global Trading Iredell New Wlsle/Retail funiture N/AExtend-A-Haul Rowan Exp Mfg/truck parts 10-50Convergys Corp Catawba Exp Call center 120

CelguardMecklenburg/ Cabarrus Exp Energy/Batteries 289

Monsanto Co. Cabarrus New Research/health 12W.A. Brown and Son Rowan Rehire Mfg 20Advanced Disposal Mecklenburg New Environmental Serv. N/A

February-10Kewaunee Scientific Corporation Iredell Expansion Mfg-lab equipment 100Solaris Industries Inc. Cleveland New Mfg-steel tubes 40Defense Venture Group Lancaster Move from Meck HQ/Mfg armored vehic. 220Bradman Lake York Move from Meck Mfg-food packaging 50Wastequip Inc., Mecklenburg New Mfg-waste container N/A

March-10The Garretson Firm Mecklenburg Exp Legal Serv/health care 30Turman Commercial Painters Mecklenburg Exp Commerical Painters N/ALongitude 80 Dairies LLP (Stamey Farms with Toni Dairy Industry SA) Iredell New Yogurt production 32Triad Racing Technology Iredell New Engine shop/mtrspts 56Pierre Foods, Inc Catawba Exp Mfg/Dist food 500Continental Tires The Americas Lancaster Exp Mfg auto parts 50Siemens Energy Mecklenburg Exp Mfg gas turbine 825Turbotec Catawba Exp Mfg heat exchangers 73Robbins-Gioia Mecklenburg Exp Financial Services n/aSonoco Recycling Inc Mecklenburg Exp Material recovery 0Hammerhead Iredell New Film studio n/aColfax Corporation (IMO Pump) Union Exp Mfg pump/valve 0Atlas Copco York/Meck Exp Dist. Center in Meck 8Industrial Fabricators/Dixon Products Gaston Exp Mfg pipe 50Hewitt Associates Mecklenburg Exp Consulting/FS/IT 463Atlast Copco Mecklenburg New Distrib: compressors 8Capital Advisors Mecklenburg New FS: mortgages 14Integrated Capital Strategies Mecklenburg New FS: investment 23

Page 7: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERSBY THE NUMBERS

Charlotte USA Business Activity: Announced Investments, Layoffs & Closures

Company CountyNew or Expanded Type

Added Jobs

April-10Cataler North America Lincoln Exp Mfg-auto parts 40Greiner Bio-One Inc Union Exp Mfg - medical device 51Ajax Rolled Ring York Exp Mfg - custom 30Anderson America Corp Mecklenburg Exp Mfg - machines 25Norfolk Southern Mecklenburg Exp Logistics intermodal 200Michelin Aircraft Tire Company Stanly Exp Aircraft tires 74Basset Furniture Industries Catawba Reopen Upholstry plant N/AClariant Corporation Mecklenburg Exp Chemicals 50PGT Industries Rowam Exp Mfg - windows doors 100Verizon Wireless Mecklenburg Exp Call Center 100Fab Fours Lancaster (frm Meck) Exp Mfg-auto parts 3Duke Energy Generation Services Cleveland New Solar Farm N/ALinet Americas Mecklenburg New HQ/Backoffice medical 50Kinro Inc (Drew Industries) Chester New Mfg-doors and windows 125Greyne Custom Wood Lancaster New Mfg-hard wood floor 50ProFlowers Mecklenburg New Distribution center N/AHaile Gold Mine (Romarco Minerals) Lancaster Exp Gold mine 300TradeKing Mecklenburg Exp Financial Services 20

May-10Robert W. Baird & Company Mecklenburg Exp Financial Services 4Telerx Gaston Exp Bus. Services 60American Red Cross Mecklenburg Exp Call center 267Strategic Outsourcing Inc Lancaster Exp HQ: Bus. Services 65Immune Tolerance Institute Cabarrus New Health N/AGeneral Mills Cabarrus New Health N/AUS Food Service Inc Mecklenburg New Distribution: Food 400Tannery Brook Partners Mecklenburg New FS: investment broker 14Alro Steel Mecklenburg Exp Mfg: steel 10Dublin Dog Mecklenburg Exp Mfg: dog collars N/ANutramax Laboratories Lancaster New Mfg-Pharma 203

June-10WebVisable Mecklenburg Expansion Technology/Services 150Red Ventures Lancaster Expansion HQ/technology 150Magna Composites LLC Rowan/Catawba Expansion Mfg-Auto parts 193Ameritrust Mortgage Mecklenburg Expansion Financial Services 70Morgan Stanley Mecklenburg Expansion Financial Services 50Ironwood Farms LLC Chesterfield New Organic lawn products 11Citco Fund Services Mecklenburg New Financial Services 258

Page 8: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERSCharlotte USA Business Activity: Announced Investments, Layoffs & Closures

Company CountyNew or Expanded Type

Added Jobs

June-10 continuedHydac International Lincoln New Mfg-hydraulic parts 40Pamlico Mecklenburg Expansion Financial services 35Peak Resources Gaston Expansion HQ/Health care N/AGayle’s Aerospace Parts Mecklenburg New Whlsl: Transp equip 12Atlantic Packaging Mecklenburg Expansion Paper/packaging 75c5insight Mecklenburg Expansion Consulting 13Pro Pac Mecklenburg New Packaging service 250Hoffman’s and Hoffman’s Mecklenburg Expansion Mfg 18V-Bio Inc Mecklenburg New Healthcare/Research N/A

July-10Freightliner Rowan Recall Mfg - automotive 280Edgen Murray Mecklenburg Expansion Energy - steel fittings 13Quicken Loans Mecklenburg Expansion Financial Services 100Pulcra Chemicals LLC York Expansion HQ/Chem mfg 15Lucky County, Inc Lincoln Expansion Mfg - candy 3

Source: Compiled by CRP staff from various news sources, press releases and company announcements

Page 9: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERSCharlotte USA Business Activity: Announced Investments, Layoffs & Closures

Company County Layoff/Closure Type Lost JobsJanuary-10

Coastal Federal Credit Untion Meck/Cabarrus CL Financial Services N/ANASCAR Scene/NASCAR Illustrated Cabarrus Merge Motorsports/Media 18Haldex Iredell CL Mfg 91Charlotte Observer Mecklenburg LY Media 25Glen Raven Iredell LY Textile Mfg 41The Herald York LY Media 7Dana Holdings Corp Iredell LY Mfg/engineering 25Clayton Homes Stanly CL Mfg/Modular Homes 94

February-10Sun Chemical Corp Mecklenburg CL Mfg-inks and coatings 75GMAC (Semperian) Mecklenburg LY FS call center-auto 71Taylored Chemical Products Cleveland CL Chemicals 40Orthofix International Mecklenburg CL Med device 6

March-10Maxon Furniture Inc Rowan CL Mfg furniture 132CommScope Catawba LY Mfg cable 85AbitibiBowater York LY paper mill 30Berry Plastics Corp Mecklenburg CL Mfg packaging 73Pass Seymour/Legrand Cabarrus LY Mfg/Dist wiring 163

April-10UTI Integrated Logistics Rowan LY Wharehousing/Logistics 53Carilion Labs Mecklenburg LY Healthcare 90Connextions Cabarrus LY Call Center 300-350Elmer’s Products Iredell LY Distribution 50

May-10U.S. F1 Mecklenburg CL Motorsports 9Palm Harbor Homes Stanly CL Mfg/Modular Homes 110Fast & Lite Union CL Contractor 12Cooper Wiring Devices Mecklenburg CL Mfg/Distrib wire 82Humana Inc Lancaster LY Health 70

June-10John Deer Southeast Engineering Center Mecklenburg CL Services 90Caye Home Furnishing Alexander LY Mfg-Furniture 70Lance Inc Mecklenburg LY Mfg-Snack food 96

July-10Butler America Various LY Feet maintenace 9TS Electric Inc Gaston CL Electrical contractor 71Source: Compiled by CRP staff from various news sources, press releases and company announcements

Page 10: Charlotte USA By The Numbers 7-31-2010

BY THE NUMBERS

Charlotte Regional Partnership550 South Caldwell St

Suite 760Charlotte, NC 28202

(704) 347-8942fax (704) 347-8981

Compiled monthly and posted onlinewww.charlotteusa.com:

For questions, contact:Vanessa Goeschl, CEcD,

VP Research [email protected]