RALEIGH, N.C. (AP) - North Carolina's unemployment rate has dipped below double digits for the first time since January 2009.
The Employment Security Commission reported Friday that the unemployment rate for July fell to 9.8 percent, down from 10 percent a month earlier.
The jobless rate has declined for five straight months but remains higher than the national jobless rate for July of 9.5 percent.
North Carolina officials say the number of workers drawing a paycheck is up 34,000 since July 2009, when the state jobless rate was 11 percent.
The number of unemployed in North Carolina fell by 16,000 workers in July to 440,000. The number of unemployed has dropped by 56,000 people in the past year.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
Unemployment
Anyone who understands the un-employment program knows that this is not really the case. It is what the government wants us to believe. Anyone who is or who has been on un-employment knows that you have so many weeks that you can participate in the Un-employment program. After your time is up, they will extend your benefits for a certain time frame. After that, you are on your own. When you are no longer eligible it makes the quota look like there are less people filing for un-employment. Many who no longer qualify are still looking for work, trying to make it. What happend to the promise of creating jobs???
Yeah....thats what i thought.
Read the entire report
this is not such good news. Much of the improvement is attributed to students retruning to school.
In fact the report notes there is much to be concerned about.