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Old 08-21-2009, 10:36 AM
 
26 posts, read 224,512 times
Reputation: 31

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[SIZE=2][SIZE=2]Does this info sound correct?

Nonfarm payroll employment decreased in 29 states, and increased in 21 states and the District of
Columbia. The largest over-the-month decrease in the level of employment occurred in California
(-35,800), followed by North Carolina (-26,400), Florida (-25,200), and Illinois (-13,000). North
Carolina experienced the largest over-the-month percentage decrease in employment.

Table D. States with statistically significant employment changes from June 2009 to
July 2009, seasonally adjusted
June July Over-the-month
2009 2009 p change p
California.......................................... 14,285,400 14,249,600 -35,800
District of Columbia.......................... 703,000 716,200 13,200
Florida.............................................. 7,380,000 7,354,800 -25,200
Kansas............................................. 1,334,800 1,341,100 6,300
Maryland.......................................... 2,541,700 2,551,700 10,000
Michigan........................................... 3,841,300 3,879,400 38,100
Minnesota........................................ 2,646,700 2,657,000 10,300
Mississippi........................................ 1,124,300 1,118,000 -6,300
New York......................................... 8,582,500 8,644,600 62,100
North Carolina.................................. 3,938,100 3,911,700 -26,400
Tennessee....................................... 2,649,300 2,664,900 15,600
Texas............................................... 10,378,900 10,416,800 37,900

Did something happen recently for such a large amount of job loss? I thought the state weathered the recession better than most, but I could be wrong. Also maybe this is mostly outside the triangle area?

Here is the report link I am using.

http://www.bls.gov/news.release/pdf/laus.pdf

I found this report through this link to WI job loss, which is better than most states.

http://www.jsonline.com/blogs/business/53940132.html

Can anyone give me a different perspective on this report by any chance?

Thanks!

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Old 08-21-2009, 11:20 AM
 
9,196 posts, read 24,853,097 times
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Quote:
Originally Posted by packfan8019 View Post
I thought the state weathered the recession better than most, but I could be wrong.
It's been widely reported for many months that North Carolina has had one of the highest unemployment rates in the country. Not sure where you'd get the impression that we've weathered it better than most.
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Old 08-21-2009, 11:36 AM
 
Location: Raleigh, NC
10,728 posts, read 22,723,373 times
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More rose-colored glasses regarding NC and the recession. Why do people find it so impossible to believe that the economy SUCKS here right now?

And yes, it's bad in the Triangle, too. Wake County unemployment is the highest it's been in recent history.

(Yet still, they move here by the thousands, with no job lined up...)
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Old 08-21-2009, 11:38 AM
 
26 posts, read 224,512 times
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I thought that the triangle part of the state was fine, and that it was the outline areas that inflated the numbers.

Is that not the case?

Thanks.
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Old 08-21-2009, 11:42 AM
 
Location: Raleigh, NC
10,728 posts, read 22,723,373 times
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Quote:
Originally Posted by packfan8019 View Post
I thought that the triangle part of the state was fine, and that it was the outline areas that inflated the numbers.

Is that not the case?

Thanks.
Right above your post, I linked to a graph of Wake County's unemployment, which is in the Triangle.
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Old 08-21-2009, 11:43 AM
 
Location: Cary, NC
502 posts, read 1,247,807 times
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My understanding (could be wrong however) is that the very high number is due to losses in construction jobs. As we all have witnessed, construction has slowed way down. I recently saw a breakdown of the losses in NC and the construction and manufacturing were very high as opposed to "white collar" jobs. Of course there have been job losses in all sectors. So, depending on one's field, the impact will vary here in NC.
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Old 08-21-2009, 12:04 PM
 
5,524 posts, read 9,908,640 times
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The bulk of our jobs lost are in manufacturing, distribution etc. That being said, companies like IBM, Cicso, Nortel and others are large companies that are in the midst of or have previously laid people off. Sony Ericsson let go of 300 out of 750 people earlier in the year. With Tech and Manufacturing/Dist. being two large parts of the states economy it's no wonder we are that high (Manuf/distr also counts for Pharma, CPG and other companies).
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Old 08-21-2009, 12:17 PM
 
Location: Cary, NC
4,292 posts, read 5,941,079 times
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As that data shows, the Triangle certainly isn't immune to the job losses, but it does have a bit lower unemployment rate than the national average and is significantly better than the statewide average. So while we may be "holding up" better than some, things aren't exactly booming around here right now.
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Old 08-21-2009, 12:21 PM
 
Location: Up above the world so high!
45,218 posts, read 100,316,119 times
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Quote:
Originally Posted by CHTransplant View Post
It's been widely reported for many months that North Carolina has had one of the highest unemployment rates in the country. Not sure where you'd get the impression that we've weathered it better than most.
Was wondering the same thing!!!

How could anyone have missed how high our unemployment numbers are compared to the rest of the nation??
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Old 08-21-2009, 02:24 PM
 
Location: Charlotte
2,445 posts, read 7,420,167 times
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Quote:
Originally Posted by packfan8019 View Post
Did something happen recently for such a large amount of job loss? I thought the state weathered the recession better than most, but I could be wrong. Also maybe this is mostly outside the triangle area?
The report is talking about the entire state of NC (100 counties, 52,669 square miles).
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