Economy / Employment

 

Employment

 

Employment rates play a significant role in understanding our local economy. Employment rates are used as a measure of the extent to which available labor resources are being used. The working age population refers to people between the ages of 15 to 64. The employment rate is one of the economic indicators that is used to examine and understand the state of an economy. Following a recession, the employment rate tends to not grow to any significant extent until the remainder of the economy has recovered, making it a lagging indicator.2

Unemployment is a significant disruption of financial stability. Unemployment may last for only a short time or the situation can be long term, which can hinder a household’s ability to be economically self-sufficient.1

The data dashboard below shows current and recent trend data for employment in Forsyth County.

Dashboard: Employment Rates

Understanding Employment Spatially

The map below visualizes the percentage of residents employment by census tract across Forsyth County.

Key Point: Overall Decrease in Employment Rates

  • In 2017, Forsyth County had an estimated employment rate of 58%. This estimate is an overall decrease compared to an estimate of 63% in 2006.

Key Point: Disparities Present in Employment Rates for Residents by Age

  • Employment rates within the different age groups have remained fairly stable over time.
  • Residents between ages 25 and 44 have the highest rates of employment when compared to the other included age groups.

Key Point: Disparities Present in Employment Rates for Residents by Gender

  • The employment rate for male workers has consistently been higher than the employment rate for female workers.

Key Point: Disparities Present in Employment Rates for Residents by Race/Ethnicity

  • The 2017 estimated employment rate for Hispanic/Latino populations was not available.
  • African American and White, non-Hispanic populations have similar rates of employment for 2017 estimates.
Notes on Data

If you are interested in using data from this report for rigorous purposes, please contact info@forsythfutures.org for a consultation on how best to proceed.

Literature References
  1. U.S. Department of Commerce. (2012). ACS employment status data by block group, 2006-2010. Retrieved from https://www.census.gov/people/laborforce/about/acs_employ.html
  2. Pew Charitable Trust. (2013). Hard choices navigating the economic shock of unemployment. Retrieved from http://www.pewtrusts.org/~/media/legacy/uploadedfiles/pcs_assets/2013/empreportoverviewhardchoicesnavigatingtheeconomicshockofunemploymentpdf.pdf
Data Sources
  1. U.S. Department of Commerce. (2018). Employment status: Table S2301 [Data files from ACS 1-year estimates for the years 2006-2017]. Retrieved from https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_17_1YR_S2301&prodType=table
  2. Employment – Employment rate – OECD Data. (n.d.). Retrieved from https://data.oecd.org/emp/employment-rate.htm