NC unemployment rate drops due to labor force exodus, Greensboro News Record accurate report, November 22, 2013, 8 percent unemployment rate, Labor force participation rate plummets 2 percent this year

NC unemployment rate drops due to labor force exodus, Greensboro News Record accurate report, November 22, 2013, 8 percent unemployment rate, Labor force participation rate plummets 2 percent this year

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“In the Triad, a number of studies have ranked the area among the nation’s worst in terms of poverty and food hardship.”

““You have the people that were barely making it with 40 hours. Now, they’re below 30 hours and have the same household bills,” Sturdivant said. “And at the end of the day, if they go out and get another part-time job, they still won’t have insurance.””...Greensboro News Record September 2, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

I heard a radio report yesterday misportray the drop in the NC unemployment rate to 8 percent as good news.

I was pleased to read that the Greensboro News Record provided an accurate report of the dismal jobs situation in NC.

From the News Record November 22, 2013.

“Unemployment rate drops, but fewer N.C. residents are working than a year ago”

“North Carolina’s unemployment rate fell to an even 8 percent in October, which makes for a positive headline.

But there’s a gloomier underside.
Total employment, according to “smoothed seasonally adjusted” numbers, was down from a year earlier, when the unemployment rate was 9.4 percent.

How could that be? Our labor force keeps shrinking. It’s smaller by 77,429, the N.C. Department of Commerce reports.”

“Addendum: “The state’s labor force participation rate — a key measure of labor utilization — fell steadily over that time to the lowest monthly figure recorded at any point since 1976,” John Quinterno says.”

Read more:

http://www.news-record.com/blogs/clark_off_the_record/article_4ba8cf74-539e-11e3-aeb0-001a4bcf6878.html

The labor force participation rate has fallen 2 percent this year!

The unemployment rate has dropped 1.5 percent.

You do the math.

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

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9 responses to “NC unemployment rate drops due to labor force exodus, Greensboro News Record accurate report, November 22, 2013, 8 percent unemployment rate, Labor force participation rate plummets 2 percent this year

  1. Good morning all.

  2. Here is a typical misleading report on the NC unemployment rate.

    “NC unemployment rate marches downward in September, October”

    “Unemployment figures for September and October released by the N.C. Department of Commerce this morning show the state’s jobless rate marching steadily downward in recent months.
    North Carolina’s seasonally adjusted unemployment rate fell from the August revised rate of 8.7 percent to 8.3 percent in September and then to 8 percent in October, the latest report shows. The state’s unemployment rate in October 2012 was 9.4 percent, and it has remained level or declined in every month since then except for July.”

    http://www.bizjournals.com/charlotte/news/2013/11/22/nc-unemployment-rate-marches-downward.html

  3. CW, They’re telling the same lies in California.

  4. CW,The news here said that the population is growing here in Oregon.Don’t know why our job market isn’t any better.Housing is high.

  5. Question?

    When you use a credit card to pay a bill like at a dentist office can they take your credit card number use it again with out your consent? I had to file a complaint against my dentist with the Dental Board for sloppy work. It has to do with my dental implants. One week after he got his notice from the board I started getting a $938.00 bill from claiming he has a lot of parts he can not use. I paid him the full amount of his charges plus he had $2,000 he got for breaking my uppers from grinding on them to much. I do not know what he told the insurance because he is not the dentist who made them. I told him he owed me $10,500.00 for breaking my uppers. We borrowed from this Care Credit and after I told him I no longer wanted him to do my dental work He sent the money back to Care Credit. But weeks after he got his notice that I have filed a complaint against him I am now every week getting this $938.00 bill from him every week! He has the $2,000 that the insurance sent to him.

    I have been through a night mare. $43,000 dollars so far trying to get the right implants and teeth and all I have is six medal post covering the implants on my uppers and the lowers stick out so far in the front I look like a dog. Big time overbite.

    Please tell me he can not charge the $938.00 on my card.

    HELP!

  6. Former Secret Service agent Bongino: Holder’s Justice Dept. is a ‘travesty’

    Former Secret Service agent Dan Bongino, author of the newly-released book “Life Inside the Bubble: Why a Top-Ranked Secret Service Agent Walked Away From It All,” left his post after a 12-year run to run for Congress as a Republican, turning his back on President Barack Obama and the “fog of scandals” he believes have enveloped the Obama administration.

    ……..Bongino: “It’s a travesty, what’s happened to the Department of Justice. It’s an actual travesty. It’s political malpractice at its worst. I don’t think it’s a coincidence that Lady Justice has got a blindfold on. That has not been the case for this administration. Think about the things they’ve wasted their time on. Political statements about the voter intimidation, Fast and Furious, hiding documents from Congress — the most recent scandal, and I think the most egregious, is going after Louisiana for the school voucher program. … This Department of Justice is a Department of Injustice. It’s just sad what has happened — I’m stunned that more people have not come forward. Because I get, phone calls, emails, texts from people all the time, who — I cannot express to you the level of frustration amongst federal agents and administrative employees. People are really fed up with this administration and the way they politicize things. I think the DOJ is just the tip of the spear.”

    Read more: http://dailycaller.com/2013/11/22/former-secret-service-agent-bongino-holders-justice-dept-is-a-travesty/#ixzz2lWcaK3xR

  7. Ginger,
    I don’t have any advice for you but I do want to acknowledge that I read your post. I am so sorry for your dental difficulties and financial woes. I hope you are able to resolve these issues as soon as possible.

  8. Bongino and Arpaio should get together and compare notes and maybe we could get some resolution to the travesty in DC.

  9. Hrmfc……re; 9:21 PM

    “10-4” on that. You might say Soetoro would get “BONGED”.

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