Pee Dee WDB update : labor market information [2006 : March]

Pee Dee WDB Update Labor Market Information March 2, 2006 Area Quick Facts: NC Civilian Labor Force December 2005 Seasonally Adjusted Labor Force 4,356,998 Employed 4,141,800 Unemployed 215,198 Rate 4.9 Duration of Unemployment Insurance Benefits For 12 Months Ending* Jan. Jan. 2006 2005 Montgomery 11.5 11.0 Moore 12.3 12.4 Richmond 10.0 10.1 NC 13.4 13.7 * Duration is the number of weeks compensated for the year divided by the number of first payments. NC Average Weekly Benefit Amount January 2006 $250.75 NC Maximum Weekly Unemployment Insurance Benefit Amount $442.00 New Corporations* Jan. Jan. 2006 2005 Montgomery 7 3 Moore 50 38 Richmond 8 10 * Source : NC Department of the Secretary of State. Civilian Labor Force Estimates* (Not Seasonally Adjusted) Montgomery Labor Force Employed Unemployed Rate % Dec. 2005 12,359 1 1 ,632 727 5.9 Nov. 2005 12,410 1 1 ,599 811 6.5 Dec. 2004 12,532 11,670 862 6.9 Moore Labor Force 34,724 34,953 34,894 Employed 33,152 33,266 33,049 Unemployed 1,572 1,687 1,845 Rate % 4.5 4.8 5.3 Richmond Labor Force 19,306 19,519 19,693 Employed 17,910 17,980 18,084 Unemployed 1,396 1,539 1,609 Rate % 7.2 7.9 8.2 Pee Dee Labor Force 66,389 66,882 67,119 Employed 62,694 62,845 62,803 Unemployed 3,695 4,037 4,316 Rate % 5.6 6.0 6.4 NC Labor Force 4,333,915 4,352,279 4,255,897 Employed 4,131,440 4,129,735 4,031,404 Unemployed 202,475 222,544 224,493 Rate % 4.7 5.1 5.3 * January 2006 state and area/county estimates will be released on March 9 and March 1 7, respectively. Note: When comparing area/county data to state data, use not seasonally adjusted state data as in this chart. 2004 data are benchmarked. Unemployment Rate Trends ■ Montgomery - Moore Richmond - - North Carolina Reported Closings and Layoffs, 12 Months Ending Jan. 31, 2006 Montgomery Moore Richmond Closings/Layoffs 1 8 4 People Affected 102 201 349