State's Jobless Rate Stays High At 11% In June

North Carolina jobseekers got more bad news in June as the state's unemployment rate spent a fifth consecutive month hovering above the previous historic high of 26 years ago.

The state Employment Security Commission reported Friday that June's unemployment rate dropped a tick to 11 percent compared with May's level of 11.1 percent. The nation's unemployment rate climbed to a 26-year high of 9.5 percent in June.

North Carolina State University economist Michael Walden is forecasting that North Carolina's unemployment rate will peak at about 13 percent early next year and stay above 10 percent through the end of 2010.

The Federal Reserve said it expects that U.S. unemployment will top 10 percent and remain high for years.

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

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  • by ace Location: plymouth on Jul 21, 2009 at 05:38 AM
    Why not give the unemployeed $40,000 worth of crab pots and send them to work.
  • by Anonymous on Jul 18, 2009 at 01:01 PM
    At this point I find it amazing that even the most die hard liberal could still support the disaster in chief here with a straight face. He's already done far more damage to this great country of ours than Al Queda terrorists could ever do crashing a few planes. We're all going to be taxed into complete finacial destitution with cap/trade,Obamacare and the insatiable govt power grab going on is terrifying. If this doesn't concern you regardless of your political view it should!
  • by Raymond Location: NC on Jul 17, 2009 at 08:23 PM
    Hello - FOR THE RICH REPUBLICANS, Did you get your Obamas election promise a redistrubtion check from the rich people yet?
  • by FOR THE RICH REPUBLICANS Location: FOR THE RICH, NC on Jul 17, 2009 at 06:17 PM
    its quite obvious that nothing a democrat says here will be supported...but you guys comment nothing on how the republicans have had control of the whitehouse for years and look how terrible the economy is...guess that is the democrats fault as well? There is none so blind as them that just wont see...
  • by Cactus Location: Strabane on Jul 17, 2009 at 04:24 PM
    No worry. The democrats, Bev and Obama have your back covered. That ouch you just felt was another blind siding tax.
  • by Alice Location: NC on Jul 17, 2009 at 04:04 PM
    When it comes to "Handling the ECONOMY" Obama's poll Numbers are TANKING!! CNN..Poll! Rating of people that HAVE JOBS and are worried about LOSING them went from the Mid 60's to the Mid 40's. CNN just calls it a Double Digit drop.But it is much worse than that! It was Approimately 20Points.IN ONE MONTH!! No wonder they are in Panic Mode Recent polls indicate that Obama's lowest ratings and biggest losses come on the public's perception of how he is handling the economy," says CNN Polling Director Keating Holland. "And the latest CNN/Opinion Research Corporation poll shows a double-digit drop in the number of Americans who think that the President has a clear plan for solving the country's problems. The public may not be as willing to give Obama the benefit of the doubt after six months on the job as they did when he first took office."
  • by Drew Location: Chocowinity,NC on Jul 17, 2009 at 02:35 PM
    New York drops stimulus money road signs after Post-Standard report New York is dropping a requirement that highway projects have Very, Very Expensive road signs that announce the work was going to be paid for by federal stimulus money. The state Department of Transportation suspended the sign requirement Friday, 12 days after a Post-Standard story first revealed how much the signs cost. The move will save about $900,000 in federal economic recovery money. About $100,000 will be spent on signs that have already been made. Thank You New York for not letting Obama just through our money away
  • by Satan on Jul 17, 2009 at 01:06 PM
    Sensible = non-sense (like most Obama voters)
  • by Anonymous on Jul 17, 2009 at 12:50 PM
    How's that change working out for everyone?
  • by Obama Snake Oil Co Location: Washington on Jul 17, 2009 at 12:14 PM
    Great job their democrats and mostly, thanks Bev for increasing taxes in the state to pay for you personal education Czars. What a wonderfull job you are doing, not. Ten percent, do I hear 12, 13, I got 20. Who is going to pay taxes?
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