NC unemployment initial claims up 1923, Fifth highest in nation, US initial claims 388000, 4 week moving average up 6250, Obama stimulus in action
“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011
“New, more-accurate estimates show North Carolina’s unemployment rate stayed above 10 percent throughout 2011, falling to 10.2 percent in January in a key election battleground state, the state Commerce Department reported today.”…Greensboro News Record March 14, 2012
“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″
Unemployment initial claims were up by 1, 923 last week in NC, the fifth highest in the nation. The Obama stimulus plan reminds me of the old adage. Obama’s cronies got the gold ore and we got the shaft.
From the US Labor Department April 26, 2012.
“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA
In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500.”
“The largest increases in initial claims for the week ending April 14 were in New York (+3,352), California (+3,060), Georgia (+2,179), Florida (+2,048), and North Carolina (+1,923)”
In the prior article at Citizen Wells it was pointed out that Obama inherited high unemployment not from George Bush, but from a Democrat controlled congress beginning in January of 2007. The same scenario has impacted NC, only more devastatingly.
NC unemployment from Jan. 2007 to Jan. 2012.
More details here.