7/11/09

13,329 x $36,663 = $485,014,827

The May unemployment rate rose to 11.3 percent in Guilford [County]


 


…the amount of unemployment benefits increased


from $11.6 million to $12.6 million, during that same time


 


Rockingham had the highest rate at 14.3 percent


up from 13.3 percent in April


 


…the increase in May represents some 2,000 new people


without a job in Guilford


 


Since May 2008


the unemployment rate here has nearly doubled


 


A year ago, 14,218 people were unemployed


 


…there were 27,547 without jobs this May


 


27,547 – 14,218 = 13,329


 


If the per capita income for Guilford County was $36,663 in 2008


 


and 13,329 x $36,663 = $485,014,827(yes, more than $485 million)


 how low could local tax revenues go?


 


…the Charlotte-Gastonia-Concord metro area


eliminated 52,000 jobs


 


Local jobless rate climbs after a brief reprieve


Jennifer Fernandez


Greensboro News and Record

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