Guilford County
Labor Market Overview
April 25, 2008
Area Quick Facts:
NC Unemployment Rate
March 2008
Seasonally
Adjusted
Not Seasonally „0/
Adjusted
*****************************
NC Average Weekly
Benefit Amount
March 2008
$274.27
NC Maximum Weekly
Unemployment Insurance
Benefit Amount
Civilian Labor Force Estimates*
High
Greensboro**
Guilford
G-HP
North
Point**
Metro
Carolina
March 2008**
Labor Force
50,228
125,985
242,491
363,204
4,515,648
Employed
47,553
119,759
230,121
343,902
4,279,882
Unemployed
2,675
6,226
12,370
19,302
235,766
Rate %
5.3
4.9
5.1
5.3
5.2
February 2008
Labor Force
50,117
125,603
241,861
362,237
4,500,091
Employed
47,321
119,176
229,002
342,230
4,255,847
Unemployed
2,796
6,427
12,859
20,007
244,244
Rate %
5.6
5.1
5.3
5.5
5.4
March 2007
Labor Force
50,380
126,366
243,150
363,995
4,500,502
Employed
48,027
120,940
232,391
347,294
4,302,31 1
Unemployed
2,353
5,426
10,759
16,701
198,191
Rate %
4.7
4.3
4.4
4.6
4.4
* Not seasonally adjusted. March 2008 data are preliminary, other 2008 data are revised and
2007 data are benchmarked.
" Claims/Population Disaggregation Method used to break cities out from county. 2007 city
data meets Bureau of Labor Statistics (BLS) guidelines for publication.
$476
Reported Closings &
Layoffs in Last
12 Months* In
Guilford County
Closings 43
Layoffs 5
"April ‘07 to March ‘08
Unemployment Insurance Claims
March 2008
Initial Claims
Guilford County
2,614
North Carolina
54,555
Percent Attached
47%
52%
Benefits Paid
$4,756,473
$91,396,131
Duration
14.7
13.7
Individuals Receiving Ul Check
5,065
106,868
Duration is defined as the number of weeks compensated for the year divided by the number
of first payments.
2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2008 2006 2008
‘March 2008 data are preliminary, other 2008 data are revised and 2007 data are benchmarked.
o Guilford
■ North Carolina