NC unemployment rate rises .3 percent in August, Labor force participation rate drops .3, Poverty and food stamp usage rises, What recovery
“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014
“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.
Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
I have kept the readers of Citizen Wells informed of the real employment situation in the US and NC.
Despite the best Orwellian efforts of the mainstream media and politicians to paint a brighter picture of employment I have tried my best to reveal the truth.
Recently we revealed that allegedly Illinois has the worst employment recovery in the nation.
“Illinois’ sluggish jobs recovery is coming at a tremendous cost. For every post-recession job created in Illinois, nearly two people have enrolled in the Supplemental Nutrition Assistance Program, commonly known as food stamps.
In the recession era, the number of Illinoisans dependent on food stamps has risen by 745,000. Without adequate job creation in the state, Illinois families have had no choice but to depend upon food stamps to put bread on the table.
The Prairie State has had the worst recovery from the Great Recession of any state in the U.S. There are nearly 300,000 fewer Illinoisans working today than in January 2008, and 170,000 fewer payroll jobs.”
Is the NC recovery worse?
Ok folks, are you ready?
From the NC Labor and Economic Analysis Division.
The unemployment rate rose .3 percent to 6.8 and the labor force participation rate dropped .3 percent to 60.5.
You read the right.
The labor force participation rate in NC dropped 4.4 percent since Obama took the White House in January 2009.
And Senator Kay Hagan, who voted with Obama 96 percent of the time, continues to lie about her role in job creation.