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NC jobless rate falls to 8.8 percent in May

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unemploymentgraphdown.jpg

EMERY P. DALESIO
AP Business Writer

RALEIGH, NC (AP) -- North Carolina's unemployment rate dropped to 8.8 percent in May, marking the fourth straight month of improvement in the measure of economic health for workers.

The state Commerce Department said Friday that the May's jobless rate fell a fraction from April's revised rate of 8.9 percent. The national rate rose from 7.5 percent in April to 7.6 percent in May.

The number of people employed in North Carolina has increased by more than 37,000 in the past year, but there are still more than 416,000 people listed as unemployed.

Since May 2012 the state has added about 56,000 nonfarm jobs, with all but 1,500 of those positions added by private employers. The biggest increase among major industries was in leisure and hospitality services, which added about 25,000 jobs.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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Hey SC Tom

http://www.wwaytv3.com/2013/06/24/nc-landfill-law-changes-approved-senat...

Where was our illustrious Commerce Secretary?
Asleep like Smiley's was?
SC beats us out again.
With not a peep out of NC.
100 jobs?
Give them a MetLife sized incentive
100 times $88,000 = $8.8M. Not as bad as a $54M stadium at $488,000 per job.

Are you going to Smnirkey a pass on this? They decided to move in April (Smirkey's tenure) they met with SC officials in May.
After the outrageous raises for his czars this is strike 2 IMHO
Especially given the news from DAK and Invista.

Vog

Smirkey Commerce secretary failure?

It would appear as though the CURRENT Commerce Sec is asleep at the wheel as well as Smileys Sec was.
Decker missed out on this opportunity:

http://news.yahoo.com/conn-gun-maker-celebrates-move-205919931.html

The Connecticut law was passed in april.
Given the condition of the local manufacturing economy this company would have been worthy of a load of incentives.
Not a peep out of the McCrory Admin about going after this company.

Is this strike 1 SC Tom?

Vog

The President

will get absolutely no credit for these numbers on this forum. He will get no credit for the sovancy of the banks, rhe rise in the stock market, or job creation.
It certainly isn't anything McCrory or his cabal has done to reflect these numbers. If it is, please enlighten me.

Certainly good news

I fully expect Junes rate to be 8.7%
Julys rate will be much lower because as of July 1st all unemployment extensions cease to exist.
"If you ain't on the dole you ain't on the roll"

With DAK's announcement and Invista(?) SE NC is suffering from a manufacturing standpoint.

But for everyone out here that believes there's jobs to be found?
"The number of people employed in North Carolina has increased by more than 37,000 in the past year, but there are still more than 416,000 people listed as unemployed."
416,000 unemployed.
"Since May 2012 the state has added about 56,000 non-farm jobs, with all but 1,500 of those positions added by private employers."
At 5000 jobs per month it would take 80 months, or over 7 years to get enough jobs to get unemployment to 0 and that's NOT including anyone coming into the work force.
THis should END all discussion that "there are jobs out there".
McCrory and the Legislature have their work cutout for them and the MetLife, Castle Branch announcements have to come fast and furious to make a dent in unemployment.

Vog

See the legislature can walk

See the legislature can walk and chew gum at the same time. They and the Gov have got to be doing something right!!

Guest123123

The July number will be down ONLY because of the end of extended benefits - nothing else.
What will be interesting to watch is NC Treasury revenue collections starting July 1. With that many folks losing their UI benny's I believe that spending will drop precipitously causing sales tax revenues to drop as well.
This may devastate the newly enacted budget.
I hope I am wrong but I see nothing coming down the road to give me cause to be positive.

Vog