NC unemployment rate hits new high

North Carolina has hit a dubious record. Our unemployment rate hit 11.1 percent in May, hitting a new peak since the state started such measurements more than 30 years ago. The state's jobless rate a year ago was 5.9 percent. The State Employment Security Commission said Friday the number of unemployed North Carolinians topped 500,000, an all-time high. After a long run in which government was one of the safest places to work, the sector shed 4,000 employees in May. Manufacturing continued to suffer as companies cut 3,800 workers.

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Keep in mind that the unemployment commission does not include those whose benefits have expired in their numbers. The real number is MUCH higher. Also, the supposed Federal emergency benefits don't apply to anyone laid off last year, or those who had already had their income slashed below the level the fed requires to be eligible. Some do receive them, but many more DO NOT. Now the state government wants to raise taxes because groups like ACORN (who got BILLIONS of dollars from the sham "stimulus" bill) are stomping their feet and demanding that more money be paid in welfare, Medicaid, and other social programs. We're heading for disaster -- raising taxes during an economic depression DOES NOT WORK.
It is obvious from these unemployment numbers that the stimulus is not working. We need more tax breaks and incentives for private businesses, if employment is to improve. The current budget of Gov Perdue does not address this situation adequately.
This is all in part of the CHANGE people voted for, and by the way during these times thank you Gov Perdue for the tax increases on the way and the huge increases in homeowners insurance.
More jobs go away, Bev Perdue hasn't a clue. Protect their voter base as the ship sinks. Just like with any business, if you price yourself too high "taxes" you go broke. Improve efficiency and reduce your price point "LOWER TAXES" and you can return to profitability.