Now that college graduation season is behind us, it’s time for new graduates to head out into the workforce and start looking for jobs.
And to provide some help to those looking to stay in Charlotte or relocate to the area, I’ve compiled some data on the labor market in the general region comprising Charlotte, NC, Gastonia, NC, and Rock Hill, SC.
Specifically, clicking on the image below will bring up three interactive graphics about the labor market in the Charlotte region:
Graphic A) A list of the top 40 employers in Charlotte, rank-ordered according to the number of people employed at each company.1*
Graphic B) Average annual salaries for specific occupations and major employment sectors in the Charlotte-Gastonia-Rock Hill region.2
Graphic C) A scatter plot comparing median annual salaries for various occupations in Charlotte to opportunities for employment, as indicated by number of people currently employed in each occupation.2
*Side note: Remember that Huffington Post article from back in March 2014 about how Charlotte is one of the weirdest cities in the country? Well, contrary to the author’s claims, the top 3 employers in the area are NOT Bank of America, Wells Fargo, and Red Ventures (though RV continues to grow). On the contrary, the three largest employers in Charlotte are Carolinas Healthcare System (32,500 employees), Wells Fargo (20,600 employees), and the Charlotte-Mecklenburg School System (18,143 employees). Click here, here, and here to read our other posts dedicated to fact-checking this Huffington Post article.
Click on the image below to view interactive graphics of the labor market in the Charlotte-Gastonia-Rock Hill region:
Instructions on How to Use the Interactive Graphics:
Note that Graphics A, B, and C can be sorted and filtered in a number of different ways to provide different perspectives on the labor market in the Charlotte area. Below are some instructions to help you get the most out of what each graphic has to offer.
1. Graphic A can be sorted alphabetically by company name or by number of employees (highest to lowest by default). You can re-sort the data by hovering your cursor over either column header (i.e., “Company” or “# Employees”) and clicking on the icon that appears.
Similarly, Graphic B can be sorted alphabetically by “Title” or by numeric value for each column of data, such as Median Salary, Mean Salary, Total Employed, 10th Percentile Wage, 25th Percentile Wage, 75th Percentile Wage, 90th Percentile Wage, or Location Quotient.
A note about this last column of data – sorting by Labor Quotient can be helpful for identifying a type of work that is relatively unique to the Charlotte area. As defined by the Bureau of Labor Statistics:
“The location quotient represents the ratio of an occupation’s share of employment in a given area to that occupation’s share of employment in the U.S. as a whole. For example, an occupation that makes up 10 percent of employment in a specific metropolitan area compared with 2 percent of U.S. employment would have a location quotient of 5 for the area in question.”
2. Graphics B and C can be filtered to display data for either specific occupations (e.g., Family and General Practitioners, Physics Teachers, Postsecondary, Retail Salespersons, etc.) or major employment sectors (e.g., Healthcare Practitioners and Technical Occupations, Education, Training, and Library Occupations, Sales and Related Occupations, etc.). Sorting in this way can be accomplished using the filters labeled B.1 and C.1 for graphics B and C, respectively.
3. Graphics B and C also support keyword searches. For example, if you wanted to see a list of all occupations containing the word “teacher” rank-ordered by median salary, you would simply set the filter in B.1 to “detailed” (for specific occupations) and then type “teacher” into the filter labeled B.2.
4. When viewing detailed occupations in Graphic C (i.e., when filter C.1 is set to “detailed”), the data can be filtered according to major employment sector by using the filter labeled C.3. This permits you to view the relationship between median salaries and opportunities for employment for only those occupations that fall under a chosen employment sector (e.g., Management Occupations).
5. Finally, hovering your cursor over a data point in Graphic C will bring up information related to that specific data point (occupation title, median salary, mean salary, total employed, etc.).
All occupation and sector titles displayed in Graphics B and C are the official designations used by the Bureau of Labor Statistics.
Sources for Data:
2 Bureau of Labor Statistics, U.S. Department of Labor. May 2013 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates.