Economist: North Carolina Unemployment To Hit 13 Percent

An economist at North Carolina State University says the state's jobless rate will peak early next year.

The News & Observer of Raleigh reported that economist Mike Walden's forecast Monday predicts the state's jobless rate will hit 13 percent in the first quarter of 2010.

The state's jobless rate was 11.1 percent in May, a record since the current measuring system was implemented more than 30 years ago.

Walden expects the rate will drop for the rest of 2010, matching a national rate of 10.3 percent by the end of the year.

The forecast predicts the highest jobless rates in Charlotte and the Greensboro-High Point-Winston-Salem area. The lowest rate is
expected in the Raleigh-Durham area.

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


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  • by A piece of the Pie on Jul 9, 2009 at 06:38 AM
    Its time to leave the Long Leaf Pine State. Low wages here, No jobs, high taxes, high crime and drugs, too many gangs and record number of illegal imigrants. It is a beautiful state, but there is beauty all over America. North Carolina is the arm-pit of the whole USA. I have lived many places and it is very hard for anyone but crooks to get ahead here. I hope to be out of Bev. Perdues State within the next 3 months. Adios, amigos...going where the taxes are lower, less crime, higher wages!!!
  • by elvisisemployed on Jul 8, 2009 at 03:59 PM
    AND what is Gov Bev's answer to this terrible news?---IT IS----(drum roll) RAISE TAXES!!!!!!! Gomer would be proud! Thank me very much!
  • by Lifelover on Jul 7, 2009 at 08:18 PM
    Hey Ironhead, they never post my comments either. I guess we have too many honest comments they do not want to hear.
  • by Ironhead Location: Greenville on Jul 7, 2009 at 01:03 PM
    WITN why did you not post my comment?
  • by Devil Dog Location: Greenville on Jul 7, 2009 at 12:53 PM
    I guess my prediction was accurate again. Years ago, the power was with local,then state and last the federal government. Now, it's all about the FEDERAL government. It won't work folks! I see a severe DEPRESSION coming and things will get nasty. WAKE UP AMERICA!!!
  • by Ironhead Location: Greenville on Jul 7, 2009 at 12:02 PM
    To Victor: I am sick of hearing the "inherited" excuse that you people are always spewing. The fact of the matter is that every single president that has taken office has inherited some kind of problem. This whole stimulus plan was Obama's idea and it didn't work,he screwed up, and all of his faithful disciples (blind sheep)are looking to blame anyone except the "chosen one". The democrats think you can spend all you want and take care of everybody but the fact is that someone has to pay for it, the taxpayers. But then again what can you expect from a party that uses a jackass as their parties symbol.
  • by aunt b Location: greenville on Jul 7, 2009 at 11:09 AM
    What happened to all the stimulus money that was suspose to create new jobs? I think the bailouts turned into sellouts. Politicians can not be trusted no matter what their affiliation is. They will soon be the only ones working, I guess I should be glad maybe I will get to collect some of the unemployment benefits , I have been working for 40 yrs and I am tired!At least I will not have to share that with the rocking chair welfare group!
  • by Victor on Jul 7, 2009 at 10:50 AM
    Obama has not even been in power for 6 months yet, and you're blaming him? Why don't you look at who DESTROYED this economy for personal gain, over the past 8 YEARS? Nooo.. you would never blame Bush & Co. for anything. I swear a lot of you are gay for the man.
  • by mike Location: WASHINGTON on Jul 7, 2009 at 10:50 AM
    Holy Cow Batman! Where is Obama? O'Yea in Russia with Puttin. I just like saying Puttin. I smell something!
  • by Sam Location: Williamston on Jul 7, 2009 at 10:49 AM
    Yeah Dwayne, 13% is way out of hand and is a bit too high. Something must be done IMMEDIATEELY to reverse the trend. I hope that this economist is overestimating the jobless rate. I also have to say, higher unemployment = higher rate of crime and violence = less happy people = more murders = the possibility of American citizens having to move to another nation far away from family just to have food put on the table or to have a shelter to live under = the result of corrupt Raleigh and D.C. politicians and executives being so greedy all these years. Way to ruin this economy and peoples lives you selfish crooks.
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