NC Governor McCrory unemployment rate drop taken from Obama playbook, Labor force participation rate plummets in North Carolina, Economy created by Obama and Democrat governments not corrected in one 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
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
Republican Governor Pat McCrory probably has taken measures to improve the economy and jobs situation in NC.
He inherited a mess from the former convicted Mike Easley administration and pro Obama Perdue government.
However, using Obama tactics to misrepresent the unemployment rate in NC will not help his cause.
From the Greensboro News Record January 7, 2014.
“McCrory: ‘Carolina Comeback’ economic recovery”
“Gov. Pat McCrory touted what he termed as the “Great Carolina Comeback” on Monday as evidence the state’s Republican-authored economic and tax reforms are working.
McCrory was the keynote speaker at the Annual Economic Forecast Forum hosted by the North Carolina Bankers Association and North Carolina Chamber. The crowd of about 1,000 people at the luncheon were friendly to McCrory’s pro-business message, giving the governor a standing ovation as he took the stage.
“We had the highest tax rates in the Southeast,” McCrory said. “… We think this tax reform, which lowered your corporate tax rates and lowered your income tax rate, will help existing businesses grow and help in the recruitment of new businesses and we’re already seeing a very positive impact.””
“McCrory cited the 2 percentage point drop in the state’s unemployment rate since he took office last January as evidence of the success of his administration’s agenda.
That state’s 7.4 percent unemployment rate is still higher than the national average, which has also declined in the past year. The size of the state’s total labor force has also declined as economists have said many unemployed people gave up looking for jobs, while the number of people actually employed has grown very modestly by about 6,100 workers.”
From Citizen Wells December 22, 2013.
“I expect orwellian employment reporting from the Obama controlled US Government. I am less inclined to expect the same from the state of NC.
The unemployment rate fell from 9.5 percent in January to 7.4 percent in November. Yet there were fewer people employed in November than January.”
Why is the following not being reported?
In January of 2013 there were 4,322,922 people employed.
In November of 2013 there were 4,314,502 people employed.
The labor force participation rate plummeted from 63.4 percent to 61.3 percent in the same period.