Job Growth/lack of - ques (Raleigh: employment, salaries, cost)

[Weis02]

There was an interesting set of articles today in the local papers about how unemployment rates in the area have risen...The article notes several companies are NOT looking to hire between now and Sept. Some companies do expect layoffs and most will just remain as they area.

Interestingly, one of the reasons Bristol Myers Squib did not relocate to the area but chose Boston instead was due to the infrastructure, water and sewer issues.

Other companies are moving not because the labor market is cheaper-


Also, it notes white-collar salaries rising faster in the state than in the nation, some people question how long the cost advantage will last, and whether history will repeat itself in the form of these newly imported jobs eventually being sent overseas, as were textile jobs.

Are too many people coming to the area and while there is job growth, will people outnumber jobs created - any thoughts from anyone on this issue?

[mm34b]

May 2006 NC Unemployment Percentage Rates

http://www.ncesc.com/lmi/laborStats/laborStatMain.asp (broken link)

[Weis02]

June reports just came out and is what this post elludes too

[mm34b]

Originally Posted by WenIs02

June reports just came out and is what this post elludes too

The Employment Security Commission of North Carolina is not scheduled to release the June state-wide data until July 21th.

[Weis02]

Originally Posted by mm34b

The June NC unemployment data is not scheduled for release until July 21th.

it came out this morning -

The economy posted another month of sub-par job growth in June, underscoring the slowing trend in the economy. (THis is the national statistics)

Due to search of the local NC papers - for information specific to my post

[mm34b]

My posts are only about NC unemployment by county. The forum moderators restrict posts here to NC topics. The North Carolina data release runs a couple of weeks behind the national data.

National topics go here - //www.city-data.com/forum/general-u-s/

[Weis02]

Again my post does specifically refer to NC

as the information was reported in the raleigh-observer....

[mm34b]

It would be helpful if you would post the URL.

[Weis02]

It is several different reports from economists who study the area. go to the news and observer and search jobs and there are several reports there...If it was one article I would have pasted it here, but there are several...too much to cut and paste...there was a chart that shows areas of inc/decrease/staying the same (meaning adding no new jobs/losing jobs, I will try and find that again and post..a lot of what I discover is sometimes by accident....

[mm34b]

Thanks, I'm curious as to the Raleigh News & Observer's source of the unemployment data for June. They didn't get it from the state unless it was unofficial.