Jobless Rate Stayed Stuck At 11 Percent In July

Jobless workers in North Carolina gained no ground in July as they struggled against a statewide unemployment rate that stayed flat at 11 percent.

The state's Employment Security Commission on Friday reported that July's unemployment rate stayed unchanged from June. July marks a sixth consecutive month the state's jobless rate hovered above the previous historic high.

The national picture isn't much better. The U.S. unemployment rate was 9.4 percent in July, down a tenth of a percentage point from a 26-year high.

Most economists predict that Americans are in for a long struggle as they try to get back to work. Some forecasts don't have the U.S. unemployment rate getting back to "normal" levels of around 5 percent until 2014.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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  • by Obama Snake Oil Co Location: Washington on Aug 21, 2009 at 04:23 PM
    Devil Dog, didn't....Obama say....without the stimulus......unemployment would reach 10%? Weigh in their Lavon if you wish. Well, recent numbers from the whitehouse, 9 trillion dollar budget. Gosh, geee, why is it costing so much when this is more that Bill Clinton and George Bush spent in 16 YEARS. Lavon, did you get that 16 YEARS. He is right, he is great,....a great spender, no responsibilty....doesn't Jimmy Carter grin at this? He just made himself look like a fool and idiot. We will be paying in rubels before you know it, if we have any.
  • by Devil Dog Location: Greenville on Aug 21, 2009 at 02:08 PM
    This is the change you can believe in!!!

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