5/20/13

North Carolina’s April Employment Figures Reported in an Amazingly Misleading Way by AP and the GN&R

"North Carolina's unemployment rate fell to 8.9 percent in April _ the lowest in the state in four years.

The state's unemployment rate was 9.2 percent in March.

"This is very encouraging for North Carolina," said John Coleman, economics professor at Duke University's Fuqua School of Business.

...the number of people unemployed fell by 15,259 between March and April... and ...nearly 4,200 fewer people held jobs than in March."

GH; It's "encouraging" that there were 4,200 fewer jobs between March and April, as more dropped out of the workforce, bringing the unemployment rate down?

"January 2009 was the last time the state's unemployment rate was at 8.9 percent.

AP, as reported in the Greensboro News and Record
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Problem is, North Carolina is still down 113,400 jobs since 2007;


http://www.epi.org/publication/ongoing-disaster-evident-states/

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