Isothermal labor market information update [2011 : December]

Region С Workforce Development Board Isothermal Labor Market Information Update December 8, 2011 Area Quick Facts: NC Civilian Labor Force October 2011 Seasonally Adjusted Labor Force Employed Unemployed Rate 4,504,834 4,038,266 466,568 10.4 Source: LAUS, NC Dept, of Commerce, Division of Employment Security ******************************** Duration of Unemployment Insurance Benefits (Weeks) For 12 Months Ending October 201 1 2011 2010 Cleveland 14.7 18.0 McDowell 14.9 16.5 Polk 15.2 18.6 Rutherford 14.1 17.7 Source: WRER NC Dept, of Commerce, Division of Employment Security. Duration is the number of weeks compensated for the year divided by the number of first payments. ******************************** NC Average Weekly Benefit Amount October 201 1 $281.47 NC Maximum Weekly Unemployment Insurance Benefit Amount $522 Source: WRER ******************************** New Corporations* Oct. Oct. 2011 2010 Cleveland 24 19 McDowell 7 5 Polk 4 10 Rutherford 13 15 ’Source: NC Department of the Secretary of State. Civilian Labor Force Estimates* Oct. Sept. Oct. 2011 2011 2010 Cleveland Labor Force 47,807 47,297 46,511 Employed 42,592 41,919 40,975 Unemployed 5,215 5,378 5,536 Rate % 10.9 11.4 11.9 McDowell Labor Force 19,532 19,837 19,482 Employed 17,179 17,385 17,258 Unemployed 2,353 2,452 2,224 Rate % 12.0 12.4 11.4 Polk Labor Force 9,138 9,148 9,178 Employed 8,443 8,430 8,502 Unemployed 695 718 676 Rate % 7.6 7.8 7.4 Rutherford Labor Force 26,416 25,532 25,770 Employed 22,884 21,876 22,159 Unemployed 3,532 3,656 3,611 Rate % 13.4 14.3 14.0 Region C Labor Force 102,893 101,814 100,941 Employed 91 ,098 89,610 88,894 Unemployed 1 1 ,795 12,204 12,047 Rate % 11.5 12.0 11.9 NC Labor Force 4,507,416 4,516,138 4,477,851 Employed 4,070,801 4,062,311 4,057,348 Unemployed 436,615 453,827 420,503 Rate % 9.7 10.0 9.4 Source: LAUS, NC Dept, of Commerce, Division of Employment Security 'Data are not seasonally adjusted. October 201 1 state and county data are preliminary, while September 201 1 data are revised. October 2010 data are benchmarked. Unemployment Rate Trends* Oct. Nov. Dec. Jan. Feb. Mar. April May June July Aug. Sept. Oct. 2010 2010 2010 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 — ♦—Cleveland — ■ — McDowell — * — Polk Rutherford — Ж — Region C — • — North Carolina Source: LAUS, NC Dept, of Commerce, Division of Employment Security