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In North Carolina the unemployment rate was at its highest point in January at 11.4 percent. The rate decreased continuously throughout the year, finishing at 9.8 percent in December. The US unemployment rate was lower over the course of the year than North Carolina, starting at 9.7 percent in January of 2010 and ending at 9.4 percent in December. Still, the 1.6 percentage point drop in the unemployment rate for North Carolina over the course of 2010 was 8 times larger than the US decline over the same period. Closing and Layoffs decreased in January; half as many workers affected The number of workers affected by announced closings and layoffs' as well as the number of announcements decreased between December and January. Monthly levels of announced closings and layoffs for January were below the 4 and 12 month averages. The preliminary number for approximate number of workers affected is also below the 4 and 12 month averages. Announced Seasonally Adjusted Unemployment Rate Jan.2010 - Dec. 2010 —US —NC 12.0% — - - -- 11.0 % -- --- -- (revised) 10.0% (Beg. of 10 /10 - End of 1 /11) (Beg. of 2/10 - End of 1/11) Announced Closings & Layoffs 101 59 9.0% 100 - - - -- - — - 8.0% 1,935 — -_ 3,005 3,040 35 — -- 7.0% - - -- Existing Homes - Units Sold 6,507 4,750 (1,757) O , , O ,y0 111Z, NO O O ti 0 43 ,YO 6,720 ff . o 1,614 53 3.4% N.C. Employment Security Commission, Labor Force Statistics -35.8% Closing and Layoffs decreased in January; half as many workers affected The number of workers affected by announced closings and layoffs' as well as the number of announcements decreased between December and January. Monthly levels of announced closings and layoffs for January were below the 4 and 12 month averages. The preliminary number for approximate number of workers affected is also below the 4 and 12 month averages. Announced Dec -10 Jan -11 4 Month Average 12 Month Average Last Year -Same Month (revised) (Preliminary) (Beg. of 10 /10 - End of 1 /11) (Beg. of 2/10 - End of 1/11) Announced Closings & Layoffs 101 59 78 100 Approxi mate ## of Workers Affected 2,800 1,293 1,935 2,064 N.C. Employment Security Commission, Announced Business Closings and Permanent Layoffs Data 'These data are derived from a statewide survey of newspaper accounts of closings and layoffs and from information supplied to the Employment Security Commission of North Carolina by the employing units experiencing the closings /layoffs. These data are not all inclusive and do not meet the Labor market Information Division standard for accuracy. Foreclosures are up slightly and existing home sales are down from December 2010 Data from the NC Association of Realtors reveal a 1.2 percent increase in foreclosures between December and January and a 3.9 percent decrease from January 2010. Existing home sales declined from last month by 27 percent, but were 8.2 percent higher than this time last year. New housing units authorized by building permits, an indicator of future construction, were up 3.4 percent from last month and down 35.8 percent from January 2010. RealtyTrac; N.C. Association of Realtors, Existing Homes Sales Data; U.S. Census, Table 2 -New Privately Owned Housing Units Authorized Policy, Research & Strategic Planning; February Mgcbr"aptnber 1 1 -1 Page 257 North Carolina Housing Market Statistics Previous Month Last Year -Same Month Dec -10 Jan -11 (1/11 compared to 12 /10) (1/11 compared to 1 /10) Month Average (revised) (Preliminary) Change %Change Change I %Change of 12/09- End of 12 /10) (Beg. . of Properties with Foreclosure Filings 3,005 3,040 35 1.2% (124) -3.9% 4,027 Existing Homes - Units Sold 6,507 4,750 (1,757) -27.0% 360 8.2% 6,720 Housing Units Auth. by Bldg. Permit 1,561 1,614 53 3.4% (899) -35.8% 2,712 RealtyTrac; N.C. Association of Realtors, Existing Homes Sales Data; U.S. Census, Table 2 -New Privately Owned Housing Units Authorized Policy, Research & Strategic Planning; February Mgcbr"aptnber 1 1 -1 Page 257