NC unemployment rate 9.6 percent, October 19, 2012, 4.5 percent when Bush took office, 4.7 percent when Democrats took both houses in January 2007
“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
“The weak job growth recorded during 2011 did little to replace the jobs lost earlier in the business cycle. Since the onset of the “Great Recession,” North Carolina has lost, on net, 295,300 positions, or 7.1 percent of its payroll employment base.”
“Absent significant changes in economic conditions and public policies, weak job growth, high levels of joblessness, and pervasive economic hardships appear to be in store for North Carolina, with 2012 apt to mark the fifth consecutive year of negative or minimal job growth.”…South by North Strategies, LTD February 10, 2012
“People leaving the labor force were a big reason that North Carolina’s unemployment rate dropped to 9.4 percent in April, a month when only 1,400 more people got jobs.”…WRAL May 18, 2012
The NC Department of Commerce announced the unemployment rate for September. 9.6 percent. To put this in perspective it was 4.5 percent when Bush took office in January 2001 and 4.7 percent when the Democrats took control of both houses of congress in January 2007.
In my humble opinion, the report leaves much to be desired and appears to be attempting to put a positive spin on the numbers. Here are a couple of statements that I found interesting.
“Among the major industries in North Carolina, Government had the largest over-the-month increase in employment at 30,600 (4.6%), followed by Education & Health Services (2,700; 0.5%), Professional & Business Services (2,300; 0.4%), Construction (1,700; 1.0%), and Manufacturing (200; <0.1%).”
“The Goods Producing sector decreased by 4,500 (0.7%) jobs over the year. Construction declined by 6,700 (3.7%), followed by Mining & Logging (200; 3.5%), while Manufacturing grew by 2,400 (0.5%).”
From Citizen Wells September 29, 2012.
“Despite the lies from politicians like Barack Obama who blamed George Bush for all of his ills, numbers do not lie.
When George Bush became president in January 2001, the unemployment rate in NC was 4.5 percent.
When the Democrats took control of both houses of congress in January 2007, the unemployment rate in NC was 4.7 percent.
When Obama took control of the White House in January 2009, the unemployment rate in NC was 9.0 percent. In November 2008 it was 7.8 percent.
Before the Republicans took control of the House of Representatives in January 2011, the unemployment rate hit a high of 11.4 percent in NC.
The stated unemployment rate is currently 9.7 percent in NC.
The National Labor Force Participation Rate is 63.5 percent, a record low.
The North Carolina Labor Force Participation Rate is 62.0 percent.
More on the jobs situation in NC from Citizen Wells February 14, 2012.”