Lee County economic development : southern base of the Research Triangle Region [2012 : March]

Lee County NORTH CAROLINA Southern Base of the Research Triangle Region March 2012 AREA QUICK FACTS Civilian Labor Force* January 2012 Chatham 34,030 Harnett 48,953 Lee 26,801 Statewide 4,654,007 Unemployment Rates* Not Seasonally Adjusted January 2012 December 2011 November 2011 January 2011 Chatham 9.2 8.4 8.4 7.2 Harnett 11.6 11.0 10.5 11.3 Lee 13.1 12.3 12.0 12.7 North Carolina 10.5 10.2 10.1 11.1 North Carolina (Seasonally Adjusted) 10.2 10.4 10.4 10.5 Source: LAUS. NC Dept of Commerce, Labor and Economic Analysis Division *Noi Seasonally Adjusted NC Regular Ul Benefits Paid To Unemployed Workers During January 2012 $146,897,284 Source: WRER. NC Dept of Commerce, Labor and Economic Analysis Division Source: LAUS, NC Dept of Commerce, Labor and Economic Analysis Division ^January 20 12 and December 20 1 1 county data are preliminary, while 201 1 data are revised. January 2012 state data are prelininary. while 201 1 data are benchmarked. Unemployment Average Duration Rate* Jan. 31, 2012 Jan. 31, 2011 Duration Change Chatham 15.3 18.7 -3.4 Harnett 16.5 17.9 -1.4 Lee 14.8 17.5 -2.7 North Carolina 16.4 18.3 -1.9 NC Ul Average Weekly Benefit January 2012 $282.76 Source: WRER. NC Dept of Commerce. Labor and Economic Analysis Division New Corporations Jan. Jan. 2012 2011 Chatham 29 14 Harnett 32 29 Lee 14 17 Source: NC Department of the Secretary of State Triangle South Online Ad Distribution January 2012 Volume Full Time 747 Part Time 157 Contract 107 Internship 10 Source: The Conference Board Help Wanted OnLine * Average Duration is defined as the number of weeks compensated for the year divided by the number of first payments. Gender and Age Range of Individuals Filing Initial Claims* January 2012 Chatham Male 60% Harnett Male 67% Lee Male 69% Female 40% Female 33% Female 31% | 16-19 1% 16-19 2% 16-19 2% 20-24 9% 20-24 10% 20-24 10% 25-34 19% 25-34 25% 25-34 23% 35-44 27% 35-44 25% 35-44 24% 45-54 24% 45-54 24% 45-54 24% 55-64 16% 55-64 13% 55-64 15% 65 or Older 5% 65 or Older 1% 65 or Older 2% Source: WRER, NC Dept of Commerce, Labor and Economic Analysis Division *May not sum due to rounding and unreported category. Individuals Receiving Ul Claims Activity Ul Benefits January 2012 January January 2012 2011 Chatham 962 724 Harnett 1,467 1,645 Lee 1,188 1,096 Initial Weeks Benefits Claims Claimed Paid Chatham 430 4,091 $1,002,927 Harnett 800 6,521 $1,426,761 Lee 649 4,955 $1,042,491 Source: WRER. NC Dept of Commerce, Labor and Economic Analysis Division Source: WRER. NC Dept of Commerce, Labor and Economic Analysis Division