Isothermal labor market information update [2011 : October]

October 7, 2011 thermal Labor Market Information Update Area Quick Facts: NC Civilian Labor Force August 2011 Seasonally Adjusted Labor Force 4,499,043 Employed 4,030,903 Unemployed 468,140 Rate 10.4 Source: Local Area Unemployment Stalislics ******************************** Duration of Unemployment Insurance Benefits (Weeks) For 12 Months Ending* August 2011 2010 Cleveland 14.9 18.0 McDowell 14.3 16.8 Polk 14.8 18.6 Rutherford 14.5 17.8 Source: WRER Unit, LMID 'Duration is the number of weeks compensated for the year divided by the number of first payments. NC Average Weekly Benefit Amount August 2011 $280.48 NC Maximum Weekly Unemployment Insurance Benefit Amount $522 Source: WRER Unit, LMID ******************************** New Corporations* Cleveland McDowell Polk Rutherford Aug. Aug. 2011 2010 25 20 15 7 11 8 21 11 'Source: NC Department of the Secretary of State. Civilian Labor Force Estimates* Aug. 2011 July 2011 Aug. 2010 Cleveland Labor Force 47,238 47,753 46,912 Employed 41,595 42,086 40,862 Unemployed 5,643 5,667 6,050 Rate % 11.9 11.9 12.9 McDowell Labor Force 19,739 20,127 19,711 Employed 17,221 17,519 17,341 Unemployed 2,518 2,608 2,370 Rate % 12.8 13.0 12.0 Polk Labor Force 9,170 9,258 9,214 Employed 8,419 8,539 8,473 Unemployed 751 719 741 Rate % 8.2 7.8 8 Rutherford Labor Force 25,410 25,971 25,945 Employed 21 ,656 22,101 21,943 Unemployed 3,754 3,870 4,002 Rate % 14.8 14.9 15.4 Region C Labor Force 101,557 103,109 101,782 Employed 88,891 90,245 88,619 Unemployed 12,666 12,864 13,163 Rate % 12.5 12.5 12.9 NC Labor Force 4,510,234 4,559,191 4,502,867 Employed 4,038,915 4,084,865 4,048,649 Unemployed 471,319 474,326 454,218 Rate % 10.4 10.4 10.1 Source: Local Area Unemployment Statistics. 'Data are not seasonally adjusted. August 201 1 state and county data are preliminary, while July 201 1 data are revised. August 2010 Data are benchmarked. Unemployment Rate Trends* 19 17 15 13 1 1 9 7 5 3 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. April May June July Aug. 2010 2010 2010 2010 2010 2011 2011 2011 2011 2011 2011 2011 2011 Cleveland Rutherford McDowell Region C Folk North Carolina Source: Local Area Unemployment Statistics 'Auqust 201 1 data are preliminary.