Isothermal labor market information update [2010 : June]

June 8, 2010 thermal Labor Market Information Update Area Quick Facts: NC Civilian Labor Force April 2010 Seasonally Adjusted Labor Force 4,571,156 Employed 4,079,689 Unemployed 491,467 Rate 10.8 Source: Local Area Unemployment Statistics ******************************** Duration of Unemployment Insurance Benefits (Weeks) For 12 Months Ending 2010 2009 Cleveland 18.6 13.5 McDowell 17.6 12.9 Polk 17.4 14.3 Rutherford 18.5 12.6 Source: ES-UI Reporting Unit, LMID 'Duration is the number of weeks compensated for the year divided by the number of first payments. ******************************** NC Average Weekly Benefit Amount April 2010 $292.39 NC Maximum Weekly Unemployment Insurance Benefit Amount $505 as of Aug. 1,2009 Source: ES-UI Reporting Unit, LMID ******************************** New Corporations * Cleveland McDowell Polk Rutherford April April 2010 2009 24 17 7 5 5 2 18 14 'Source: NC Department of the Secretary of State. Civilian Labor Force Estimates* April May April 2010 2010 2009 Cleveland Labor Force 48,644 49,073 51,080 Employed 42,216 42,039 43,610 Unemployed 6,428 7,034 7,470 Rate % 13.2 14.3 14.6 McDowell Labor Force 20,421 20,217 21,557 Employed 17,846 17,302 18,391 Unemployed 2,575 2,915 3,166 Rate % 12.6 14.4 14.7 Polk Labor Force 9,636 9,656 9,853 Employed 8,829 8,744 8,984 Unemployed 807 912 869 Rate % 8.4 9.4 8.8 Rutherford Labor Force 27,884 28,249 30,359 Employed 23,651 23,582 25,442 Unemployed 4,233 4,667 4,917 Rate % 15.2 16.5 16.2 Region C Labor Force 106,585 107,195 112,849 Employed 92,542 91,667 96,427 Unemployed 14,043 1 5,528 16,422 Rate % 13.2 14.5 14.6 NC Labor Force 4,544,767 4,556,433 4,555,691 Employed 4,089,754 4,058,974 4,085,089 Unemployed 455,013 497,459 470,602 Rate % 10.0 10.9 10.3 Note: When comparing area/county data to state data, use not seasonally adjusted state data as in this chart. April 201 0 data are preliminary, while March 2010 are revised and April 2009 data are benchmarked. Unemployment Rate Trends Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. April 2009 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 *Source:Local Area Unemployment Statistics Cleveland Polk Region C — ■ — McDowell — • — Rutherford — • — North Carolina