Isothermal labor market information update [2008 : February]

February 8, 2008 Isothermal Labor Market Information Update Area Quick Facts: Civilian Labor Force Estimates’ December November December NC Civilian Labor Force 2007 2007 2006 December 2007 Cleveland Labor Force 48,502 48,660 48,056 Seasonally Adjusted Employed 45,566 45,869 45,089 Labor Force 4,525,983 Unemployed 2,936 2,791 2,967 Employed 4.300.998 Rate % 6.1 5.7 6.2 McDowell Labor Force 20,987 21,081 20,868 Unemployed 224,985 Employed 19,786 19,948 19,565 Rate 5.0 Unemployed 1,201 1,133 1,303 ******************************** Rate % 5.7 5.4 6.2 Duration of Unemployment Polk Labor Force 9,532 9,616 9,501 Insurance Benefits (Weeks) Employed 9,181 9,291 9,174 For 12 Months Ending Unemployed 351 325 327 December* Rate % 3.7 3.4 3.4 2007 2006 Rutherford Labor Force 28,948 29,168 30,012 Cleveland 12.6 14.9 Employed 27,188 27,475 27,760 Unemployed 1,760 1,693 2,252 McDowell 8.9 9.3 Rate % 6.1 5.8 7.5 Polk 10.4 10.4 Region C Labor Force 107,969 108,525 108,437 Rutherford 12.7 15.5 Employed 101,721 102,583 101,588 * Duration is the number of weeks compensated for the year divided by the number of first payments. ******************************** NC Average Weekly Benefit Amount December 2007 $274.19 NC Unemployed Rate % Labor Force Employed Unemployed Rate % 6,248 5.8 4.499,970 4,288,134 211,836 4.7 5,942 5.5 4,537,615 4,328,837 208,778 4.6 6,849 6 3 4,519,980 4,308,328 211,652 4.7 * January 2007 area/county estimates will be released on March 1 9, 2008. Note: When comparing area/county data to state data, use not seasonally adjusted state data as in this chart. 2006 data are benchmarked. NC Maximum Weekly Unemployment Insurance Benefit Amount $476 ******************************** New Corporations* Dec. Dec. 2007 2006 Cleveland 29 16 McDowell 8 4 Polk 8 11 Rutherford 12 19 Unemployment Rate Trends Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2006 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 * Source : NC Department of the Secretary of State. - Cleveland - Rutherford - McDowell - Region C -Polk - North Carolina