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NORTH CAROLINA w
<br />Department of Commerce 9 :��.,,,�.�
<br />NORTH CAROLINA ECONOMIC OVERVIEW: DECEMBER 2010
<br />National and state indicators have been slightly
<br />negative recently, with employment and other
<br />indicators dropping over the last 2 months. Despite
<br />the short term setbacks both state and national trends
<br />still indicate economic growth is occurring. While
<br />hiring in November has been sluggish in most sectors
<br />there are some bright spots. The Finance, Education,
<br />Health Services, Information, and Other Services have
<br />added jobs this month. Housing has seen an
<br />improvement this month as well, with fewer new
<br />foreclosure filings since October. Looking past the
<br />setback in employment this month the improvements
<br />in the housing market and spending show that the
<br />economic recovery is on track for increased growth in
<br />2011.
<br />Unemployment increases from previous month, labor force shows slight decline
<br />The number of employed
<br />workers decreased by 8,279
<br />between October and
<br />November while the number of
<br />unemployed workers increased
<br />by 6,149. Despite the recent
<br />increase in the unemployment
<br />rate, from 9.6 percent to 9.7
<br />percent, the number of
<br />unemployed workers has
<br />decreased, compared to the
<br />same month last year, for the
<br />last seven months. The North
<br />Carolina drop in unemployed
<br />workers compared to last year
<br />has been faster than the U.S.
<br />rate since December 2009.
<br />N.C. Employment Security Commission, Labor Force Statistics
<br />Policy, Research & Strategic Planning; December 2010 Report
<br />1 -1 Page 625
<br />SeasonallyAdjusted Unemployment Rate
<br />Dec. 2007 - Dec. 2010 U.S.
<br />Start of Recession to Present — N.C.
<br />12
<br />North Carolina
<br />Seasonally
<br />A djusted Labor Force
<br />Previous Month
<br />Statistics
<br />LastYear - SameMonth
<br />Sta rt of Recession
<br />10
<br />Oct -10
<br />Nov -10
<br />(11/10 compa red to 10/10)
<br />(11/10 compa red to 11/09)
<br />(11/10 compared to 12/07)
<br />8
<br />(revised)
<br />(preliminary)
<br />Change %Chan a
<br />Change I %Chan a
<br />Chan a %Chan e
<br />6
<br />4,468,491
<br />4,466,361
<br />(2,130)
<br />0.0%
<br />(68,276)
<br />4
<br />(85,539)
<br />—
<br />Employed
<br />4,041,400
<br />4,033,121
<br />2
<br />-0.2%
<br />(14,599)
<br />-0.4%
<br />(295,277)
<br />-6.0%
<br />0
<br />427,091
<br />O
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<br />N.C. Employment Security Commission, Labor Force Statistics
<br />i
<br />N.C. Employment Security Commission, Labor Force Statistics
<br />Policy, Research & Strategic Planning; December 2010 Report
<br />1 -1 Page 625
<br />North Carolina
<br />Seasonally
<br />A djusted Labor Force
<br />Previous Month
<br />Statistics
<br />LastYear - SameMonth
<br />Sta rt of Recession
<br />Oct -10
<br />Nov -10
<br />(11/10 compa red to 10/10)
<br />(11/10 compa red to 11/09)
<br />(11/10 compared to 12/07)
<br />(revised)
<br />(preliminary)
<br />Change %Chan a
<br />Change I %Chan a
<br />Chan a %Chan e
<br />Labor Force
<br />4,468,491
<br />4,466,361
<br />(2,130)
<br />0.0%
<br />(68,276)
<br />1.5%
<br />(85,539)
<br />-0.9%
<br />Employed
<br />4,041,400
<br />4,033,121
<br />(8,279)
<br />-0.2%
<br />(14,599)
<br />-0.4%
<br />(295,277)
<br />-6.0%
<br />Unemployed
<br />427,091
<br />433,2401
<br />6,149
<br />1.4%
<br />(53,677)
<br />-11.0%1
<br />209,738
<br />98.0%
<br />N.C. Employment Security Commission, Labor Force Statistics
<br />Policy, Research & Strategic Planning; December 2010 Report
<br />1 -1 Page 625
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