Greensboro NC metro unemployment rate 9.7 percent and better?, Berkshire Hathaway owned News Record article, Labor force dropped .7 percent from 2012

Greensboro NC metro unemployment rate 9.7 percent and better?, Berkshire Hathaway owned News Record article, Labor force dropped .7 percent from 2012

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

“The NC Labor Force Participation Rate plummeted 1.2 percent from Jan to June 2013.”...Citizen Wells

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″

You are being lied to.

Before I chastise and correct the national media and the misleading ADP jobs report from yesterday and misleading BLS initial claims report from this morning, I am compelled to address the jobs reporting in NC first.

From the Greensboro News Record July 31, 2013.

“Area unemployment rate shows some improvement”

“The unemployment rate in the Greensboro-High Point metro area continued to improve steadily in June to 9.7 percent compared with 10.4 percent in June 2012, according to state figures.

But 0.7 percentage points is only a moderate improvement in the employment picture and not a dramatic step towards full recovery, said economist Andrew Brod, a senior research fellow at UNCG.

“Given how weak this recovery is, that’s great, but it’s sort of damning with faint praise,” Brod said.”

“Continuing claims for unemployment spiked 52 percent from 84,699 for the week ending June 29 to 128,739 for the week ending July 6.

The increase of 44,040 continuing claims is the largest in North Carolina in more than a decade, said David C. Ribar, an economics professor at UNCG.

The figure represents the number of people who have not dropped out of the system because they are still eligible for benefits or they haven’t found jobs.

But the spike had a simple explanation, said Larry Parker, a spokesman for the state division: Thousands of people who lost their benefits on July 1 continued to file for them out of habit.”

Read more:

http://www.news-record.com/news/article_8e9c55fc-f927-11e2-ae70-001a4bcf6878.html

In fairness to the News Record, they did not paint a completely rosy picture.

And 9.7 % unemployment is nothing to shout about.

But the article stated that unemployment had dropped .7 percent from 2012.

What the article did not mention is the fact that the Labor Force Participation Rate in NC dropped .7 percent as well.

Look it up.

http://esesc23.esc.state.nc.us/d4/LausSelection.aspx

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8 responses to “Greensboro NC metro unemployment rate 9.7 percent and better?, Berkshire Hathaway owned News Record article, Labor force dropped .7 percent from 2012

  1. Mr. Bill(ms. helga)

    Before I forget – August 4th is the USURPER’S Birthday. He will be 51???
    In case you forgot we used to do the Usurperville Birthday card project.

    THE BIRTHDAY CARD PROJECT

    Here is the plan –
    1. Go to your nearest grocery store and buy an inexpensive Birthday card.

    2. Go home and write a little note saying “I hope this is your correct Birthday”

    3. This is important – Address as follows –

    Mr. Barry Soetoro
    1600 Kendonesia Ave. NW
    Usurperville, D.C. 20500
    4. This is doubly important .
    Place on the front top corner or back the following return address-

    1600 Pa. Ave.,N.W.
    Washington, D.C. 20500
    Either Way it get’s there.

    PS – I forgot that you don’t put any postage on it and they will return to sender. HAHAHAHA

  2. PLEASE WATCH THIS FILM IF YOU LIVE IN VIRGINIA. Watch it even if you don’t because it shows how Tony Rodham (Hillary’s brother) and Terry McAullife are joined at the hip, selling visas and citizenship to the Chinese via a huge scam that has devastated two small towns in Mississippi and Virginia.
    http://fastterry.com/?page_id=500

  3. YOU CAN MAKE A DIFFERENCE…THE PRICE MAY BE HIGH THOUGH

  4. Mr. Bill(ms. helga)

    SueQ – Tony Rodham(Hillary’s brother married and divorced Senator Boxer’s daughter. You can’t keep up with their incestuousness!
    Eventually half of our population will be related to the Clinton’s!

  5. Mr. Bill(ms. helga)

    PS – Chelsea and her husband just bought a 10 million$ apartment in NYC. Not bad for a a young bride whose husband’s father(U.S. Congressman) just got out of jail. And she is still in her 20’s and her father has only be a POLITICIAN his whole life!

  6. Mr Bill.

    Har dee har! You are so right!

  7. Hi, folks.

    Sometimes, when you really want the news, you have to go to foreign sources on the net. Lately I’ve been reading Russian news since the Russians gave Snowden asylum. Who would have thought that one day Russia would be a freer country that the US?

    Here’s an interesting article from the Voice of Russia online, English-speaking edition:

    http://english.ruvr.ru/2013_08_01/Muslim-Brotherhood-operatives-infiltrate-Obama-Administration-9710/

    It seems to me the Russians must have wondered what was going on when they tried to tip us off to the Boston Marathon bombers and nothing was done. They can see Obama is totally pro-Muslim. That is probably why Putin gave Snowden asylum and most Russians were in favor of that.

  8. CNN Bombshell: CIA Personnel in Benghazi Silenced with Threats to Their Families by Obama Regime

    The outrageousness of this report is appalling. If you don’t check out the details of this, you may as well blindfold yourself and salute to Obama.

    http://www.ijreview.com/2013/08/70066-cnn-bombshell-cia-personnel-in-benghazi-silenced-with-threats-to-their-families-by-obama-regime/

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