Demographics & Economy
Demographics & Economy – Key Factor Summary
- Pitt County/Greenville area is a rapidly growing, well diversified employment/service center for Eastern, N.C.
- Population increased 25.7% from 2000 – 2010
- Labor force expanded 21% and employment grew by 13.2% between 2000 and 2010
- Pitt County is leading retail center in central and northern Eastern North Carolina
- Manufacturing employment accounts for 1 in 11 jobs, government for 1 in 3.4, and health care/social assistance services for 1 in 4.4 (2012 data)
- Major manufactured products include: chemicals, machinery, fabricated metal products, paper products, apparel, and transportation equipment
- Reported industrial investments averaged nearly $50 million per year during the 1990’s and $98 million annually from 2000 – 2010
- Medical Center (hospital and med-school) continues as a major catalyst of growth
A Growing Economy
Pitt County is a rapidly growing, well-diversified employment and service center for eastern North Carolina. As one of the fastest growing centers in the state, the population increased by 25.7% between 2000 (133,798) and 2010 (168,148). Pitt County is the 14th most populous county in North Carolina with a current population of 172,569 (July 2012) . The Greenville MSA, which encompasses all of Pitt County, was the fourth fastest growing MSA in North Carolina during the 2000’s.
From 2000-2010, the civilian labor force expanded by 21% (from 69,869 to 84,560), compared with 12.9% for the state. Within this same period employment increased by 8,805, or 13.2% in Pitt County versus a 3.6% gain statewide.
Preliminary figures indicate employment in Pitt County increased from 80,632 in 2012 to 80,936 in 2013; the labor force in 2013 is 88,052. The overall rate of unemployment in 2013 decreased to 8.1% from 9.0% the previous year. New and expanded industrial investments for 2013 included Penco Products, ASMO, Domtar (Attends), Coastal Beverage, and Natural Blend Vegetable Dehydration. These and other primary investments for 2013 total in excess of $130 million and will provide over 400 new jobs.
Pitt County retains its position as the number one retail trade center in the central and northern areas of eastern North Carolina. Taxable sales activity for fiscal year ending June 2014 ($1.85 billion) shows Pitt County ranked at 10th in the state with a .3% increase over the previous fiscal year.
Boardings for 2013 at Pitt-Greenville Airport were down 2.8% from 2012 with a total of 121,150 for the year.