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For some reason I can never remember the name. I mentioned it in another post and someone from the state stated the name...sigh...google time. Apparently I DO feel like being your google monkey.
North Carolina. Ah yes...they DID see a massive drop in unemployed all right-because a massive number of them simply stopped looking for work. gave it up.
Recently they HAVE had more new jobs added, but they still are FAR behind other states when you look at the cumulative average. And if you look at the data you can see a sudden drop from the unemployment insurance hit, then a bounce...but....and this is critical STILL way below average compared to the nation. IE the dead cat bounce isnt a positive thing.
"dead cat bounce" refers too if you drop a dead cat off a building it will bounce when it hits bottom. But its still dead. and that sudden bounce is not a indication of life. You can see this in recent real estate valuations for example.
But I digress.
The bottom line is, they;ve damaged themselves long term compared to the rest of the country that kept unemployment. Course now we've done that too via gridlock. Sadly putting an end to a great experiment in contrasts.
My opinion is that there are way too many people looking for jobs that just aren't there anymore. We are becoming an automated society more and more and pushing people out. I can't tell you how many times I have cussed out the robot at my insurance company. She keeps saying she doesn't understand what I'm saying. I just want to talk to a human
Because all the new jobs pay low wages, and we refuse to up the minimum wage to something higher then "you can collect welfare" levels.
Really. The VAST majority of folks are not engineers or doctors. They USED to be able to find jobs that paid relatively well, but more and more those jobs are paying less and less.
For some reason I can never remember the name. I mentioned it in another post and someone from the state stated the name...sigh...google time. Apparently I DO feel like being your google monkey.
North Carolina. Ah yes...they DID see a massive drop in unemployed all right-because a massive number of them simply stopped looking for work. gave it up.
Recently they HAVE had more new jobs added, but they still are FAR behind other states when you look at the cumulative average. And if you look at the data you can see a sudden drop from the unemployment insurance hit, then a bounce...but....and this is critical STILL way below average compared to the nation. IE the dead cat bounce isnt a positive thing.
"dead cat bounce" refers too if you drop a dead cat off a building it will bounce when it hits bottom. But its still dead. and that sudden bounce is not a indication of life. You can see this in recent real estate valuations for example.
But I digress.
The bottom line is, they;ve damaged themselves long term compared to the rest of the country that kept unemployment. Course now we've done that too via gridlock. Sadly putting an end to a great experiment in contrasts.
And how about NC's numbers now since economics is not a text message?
Oh, that's right, the number of employed people is the highest level in its recorded history.
Maybe instead of listening to other people you should look for yourself. It's not like it's hard to find.
I live in NC and I can assure you we will be better off not having to pay the federal government back because we chose to pay people not to work while they waited for jobs that will never be coming back.
Hard to say.....once they run out of unemployment they are no longer counted.
Nope. They only are no longer counted when they stop looking for work.
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