McCrory: ‘Carolina Comeback’ economic recovery


Tags: , , , ,

Submitted: Mon, 01/06/2014 - 8:26pm
Updated: Mon, 01/06/2014 - 8:27pm
By:

DURHAM, NC (AP) — Gov. Pat McCrory is touting what he calls the “Great Carolina Comeback” as proof the state’s Republican-authored economic and tax reforms are working.

McCrory was the keynote speaker Monday at the Annual Economic Forecast Forum hosted by the North Carolina Bankers Association and North Carolina Chamber. The crowd of about 1,000 attending the luncheon gave McCrory a standing ovation as he took the stage.

McCrory cited the 2 percent drop in the state’s unemployment rate since he took office last January as evidence of the success of his administration’s agenda.

That 7.4 percent rate is still well higher than the national average. The state’s labor force has actually declined over the past year.

Among the problems McCrory said was holding the state back is government spending on Medicaid.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

2 Comments

  • scots says:

    Where are these improvements?

    Southeastern NC has the highest unemployment factories are closing. How is this an improvement?

    Unemployment in state overall is high or is the highest of other states. Do you know the unemployment is calculated calculated by using estimates? Do you think these figures are true? Especially when NC voted against the federal unemployment extension. NC can not include those people receiving federal unemployment since they denied NC ians the opportunity. Has anyone ever wondered what happened to those individuals who were receiving federal unemployment? Where are those numbers when calculating unemployment? They have not found employment

  • Vog46 says:

    from another WWAY blog recently:
    There’s the change to unemployment:
    http://www.businessweek.com/articles/2014-01-02/emergency-unemployment-b

    There are some crazy stats in this article:
    “North Carolina’s unemployment rate dropped dramatically, from 8.8 percent to 7.4 percent between July and November. By comparison, the national unemployment rate fell by 0.6 percent over the same period. A closer look, however, suggests that North Carolina’s unemployment numbers have fallen not because the long-term jobless have found work but because they’ve quit looking altogether. As a result, the state no longer counts them as unemployed.”

    And this further on:
    ” “Year over year, the number of employed people in North Carolina ticked up by 6,082, while the unemployed fell by 101,901. That means the labor force contracted by 95,009. So the improvement has not necessarily been driven by more people going to work and is actually being driven to a large degree by people leaving the labor force.” In October the state’s labor force participation rate hit a 37-year low.”

    I’m not sure how I feel about this cut to unemployment benny’s – after reading this article I can see where the affect is more smoke and mirrors than actual improvement.
    YoY improvement in the number of employed people of 6,082? That is pathetic in a state of 9.5 million people. Of course there is still the DEM hangover and changes to employment levels take time to see……..

    Vog

    Addendum: McCrory is not doing ANYTHING that his predecessors would have done. He’s touting numbers that are very VERY bad in the hopes that most won’t notice.
    6000 more people employed in a state of 9M? Good grief that’s bad – and he gets a standing o for it?

Leave a Reply