Will NC Jobless Rate Fall Back From 11 Percent?

North Carolina's unemployment rate has hovered around its historic peak for nine straight months. New data will show whether the streak reaches 10.

The state's Employment Security Commission on Friday reports the unemployment rate in November. The jobless rate rose slightly in October to 11 percent, a territory where it's lingered since February.

North Carolina's unemployment rate has been worse than the national average for more than a year.

Since last November, the state has paid more than $4.3 billion in unemployment benefits, including emergency compensation and extended benefits.

Though Wall Street has been on the upswing for months, companies remain cautious about building back their work forces.

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  • by Nathan Location: Eastern NC on Dec 20, 2009 at 12:54 AM
    First of all, the article's last paragraph says it best. Companies are making money but are keeping the unemployment rate high. Artificially, more or less. Second, not only can one man (you guys sure place a lot of faith in Obama up here) reverse 8 years of failure in less than one year, but a President is not a dictator and can't just change the system at the drop of a hat. They have to work through the system. Look how long this health care thing has taken. Besides, the other guy thought the recession was fine and wanted nothing to change. So how bad off would we be with McCain in office? Speaking Chinese, perhaps? But it's not even about elephants and donkeys, it's about fixing this mess. McCain didn't see a mess, had no plan to fix what he didn't see as a problem. Obama saw a problem, is trying to fix it, and that's why he got voted in. And maybe the race thing, but I think more that most people fell short of the $250,000/person/year line Obama and McCain agreed upon.
  • by Jeff Location: Ayden on Dec 18, 2009 at 01:18 PM
    Yep...Obamanomics at it's best. Socialized Healthcare, Cap and Trade threats to small business, taxes and an administration that cannot lead and is definatley creating market instability in the business sector.
  • by Obama Snake Oil Co Location: Washington on Dec 18, 2009 at 08:33 AM
    Lavon, can you weigh in on this story? I know Obama was doing a great job and creating jobs....or was he? His stimulus was supposed to keep us under 8% Lavon, what happend?

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