NC unemployment rate jumps to 9.6 percent, North Carolina fourth highest unemployment rate, 5 thousand more unemployed, Smoothed seasonally adjusted rate
“North Carolina currently has the fourth-highest unemployment rate in the country and has stayed well above the national average through 2012.”…WRAL, August 17, 2012
“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011
“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama
From WRAL News August 17, 2012.
“State unemployment rate could hurt Obama in NC”
“With less than a month before the Democratic National Convention in Charlotte, the unemployment picture in North Carolina worsened in July with the jobless rate increasing to 9.6 percent – the state’s first uptick in a year.
The unemployment rate stayed steady at 9.4 percent for the previous three months. The July rate is the highest since 9.7 percent in March. It is down from 10.7 percent a year ago.
However, with the state set to be showcased on a national stage, Republicans are ready to hand President Barack Obama the blame for rising unemployment.
“I can’t speak for other states, but here in North Carolina, I do think it’s going to definitely hurt the president and help Romney,” Tom Fetzer, the former chairman of the state Republican Party, said.
North Carolina currently has the fourth-highest unemployment rate in the country and has stayed well above the national average through 2012.”
“State-wide the number of people unemployed grew by just more than 5,000 at 444,694 from June.”
The 9.6 percent is a “smoothed seasonally adjusted rate.”
The term smoothed reminds me of Metamucil.
From the North Carolina Department of Commerce.
“The North Carolina smoothed seasonally adjusted unemployment rate was 9.6 percent in July, increasing 0.2 of a percentage point from the previous month, and 1.1 percentage points lower than July 2011. Over the month, the number of persons unemployed increased by 5,321 (1.2%). The civilian labor force fell 8,412 (0.2%) to 4,646,975.”
The NC county unemployment rates for July 2012 will be released on August 24, 2012.
The June 2012 unemployment rates by county revealed that 84 of 100 counties had an increase in unemployment.
From Citizen Wells July 27, 2012.
“Unemployment Rates Increase in 84 Counties in June”
“North Carolina’s statewide unemployment rate (not seasonally adjusted) was 9.9 percent in June. This was a 0.4 of a percentage-point increase from May’s revised rate of 9.5 percent, and a 1.0 percentage-point decrease over the year.
Over the month, the unemployment rate increased in 84 counties, decreased in 11 and remained the same in five. Thirty-nine counties had unemployment rates at or below the state’s 9.9 percent rate.”
“Mecklenburg County, mostly consisting of Charlotte, NC, the site of the 2012 Democrat Convention, had an unemployment rate increase from May to June of .3 to a rate of 9.9 percent. Adjacent county to the west, Gaston, went from 10.2 to 10.9 percent. Guilford County, containing both Greensboro and High Point had an increase from 9.6 to 10.3 percent.”