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The state unemployment rate fell to 6.9% in December, the lowest it has been since September 2008 and down sharply from 9.4% a year ago.
In reality, however, North Carolina created fewer jobs in 2013 than it did in 2012. Last year’s jobs gain was 64,500, roughly two-thirds of the 89,900 jobs created in 2012.
Translating to North Carolina labor force participation rate plummets to a 36 year low.
Last edited by SunnyKayak; 01-29-2014 at 08:15 AM..
Anyone with a modicum of critical thinking skills knows why the unemployment numbers appear low. Unfortunately, it will probably mislead people considering relocation what the situation in the state really is..
Funny how when this happens with republicans in charge the catch phrases "under employment" and "those who have given up looking for work" are not spoken.
McCrory was interviewed (CBS) about the decision to cut UE benefits in which he said it works because it makes people take jobs they may have otherwise turned down if they were receiving UE benefits. In other words under-employment is perfectly acceptable if it's making the statistics look good.
Funny how when this happens with republicans in charge the catch phrases "under employment" and "those who have given up looking for work" are not spoken.
McCrory was interviewed (CBS) about the decision to cut UE benefits in which he said it works because it makes people take jobs they may have otherwise turned down if they were receiving UE benefits. In other words under-employment is perfectly acceptable if it's making the statistics look good.
We need to stop reporting the unemployment number. We should be seeing 2 numbers. Total number of working age adults, and how many are working.
We should do this nationally and at the state level.
The state unemployment rate fell to 6.9% in December, the lowest it has been since September 2008 and down sharply from 9.4% a year ago.
In reality, however, North Carolina created fewer jobs in 2013 than it did in 2012. Last year’s jobs gain was 64,500, roughly two-thirds of the 89,900 jobs created in 2012.
Translating to North Carolina labor force participation rate plummets to a 36 year low.
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Sunny, as you know the devil is in the details.
Was the main reason for a lower unemployment number a high creation of good jobs, or more people leaving the work force?
Was the main reason for a lower unemployment number a high creation of good jobs, or more people leaving the work force?
Is that number deceiving?
Yes it is deceiving, manipulating the figures by the government to paint a false picture.
People have simply thrown in the towel in trying to find a job, and are no longer counted by the government. Makes for good statistics for politicians to crow about, but it hides the fact that many more people are falling through the cracks.
I think everyone has some good points. The details are in the details. Nevertheless I am happy to see the unemployment levels lower. For the main urban employment centers the GDP is increasing but I'm concerned how wags are stagnant or moderately increasing. As someone who has came off of unemployment it is a scary thng because if you refuse a job that is not that good you may loose unemployment. So if a job isn't that good and you refuse it in hopes of a better job offer you would get punished
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