Greensboro Guilford County NC jobless rates drop, April 10, 2014, Fewer people working and jobs lost, Greensboro News Record accurate report, Labor force has plummeted in NC
“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
“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 applaud the Greensboro News Record for this accurate jobs report April 10, 2014.
“Jobless rate falls again in Guilford, but what does it mean?”
“Greensboro’s unemployment rate keeps dropping, but that may not mean that more people are working.
Since February 2013, this region’s unemployment rate has dropped from 9.9 percent to 6.9 percent this February, according to statistics released Wednesday by the N.C. Department of Commerce. The numbers are not adjusted for seasonal variations in hiring patterns.
But the employment pie is shrinking, so the number doesn’t necessarily mean more people have landed jobs.
And because the state surveys employment in a variety of ways, one measurement is up, and one is down, sending mixed messages.
A simple count shows that 1,970 more people say they’re working, compared with February a year ago, but the Greensboro-High Point labor force, defined as people who are employed or unemployed and actively seeking work, has dropped from 370,500 in February 2013 to 360,500 this past February.
That suggests that many people simply have stopped looking for work, local economists have said in recent months.
Perhaps the best measure of jobs, UNCG economist Andrew Brod said, is the survey of establishments that asks how many workers they employ.
Wednesday’s establishment survey shows that the Greensboro-High Point metro area lost 800 jobs between February 2013 and February 2014.”
From Citizen Wells March 29, 2014.
“We have the Obama administration touting job creation.
Governor Pat McCrory of NC is pleased with the improvement in the jobs situation.
The truth has stayed mostly hidden or under reported.
To fix a problem it is important to:
A) Acknowledgement the problem.
B) Understand the problem.
It appears that neither A or B is the case.
The Labor Force Participation Rate in NC has dropped 4 percent since Obama took office in January 2009 and 1.7 percent since Pat McCrory took office in January 2013.
The real unemployent rate in the US and NC?
Well over 10 percent.”
God only knows the impact of part time jobs on NC employment and the economy.