Tuesday, July 12, 2011

North Carolina's Unemployment Much Worse Than Reported




North Carolina’s unemployment rate is currently registered at 9.7%.  But economists say that is not the true number.  It is much worse than that:

Many economists say a more accurate picture can be seen in what the U.S. Bureau of Labor Statistics calls the U-6 number. That includes people so frustrated they gave up an active job search, those scraping by on part-time work because they can't find full-time employment and those in the midst of training for a career change.

"I think it's a much better depiction of our economic health, which is really dire, not only in North Carolina, but across the country," said Jason Jolley, senior research director at the Center For Competitive Economies at the University of North Carolina at Chapel Hill.

Using U-6 figures, North Carolina's unemployment rate would be 17.5 percent – the ninth highest in the U.S. The national jobless figure would be 16.5 percent instead of 9.1 percent.

These are Great Depression numbers.  In the meantime, North Carolina has become a magnet for illegal aliens.  In the years between 2000 and 2010 the Census Bureau shows that the Hispanic population doubled in Forsyth County.  This statistic is a small demonstration on the impact of migration to this state.  Not only have these people replaced Americans in the workforce, they are also using up valuable resources that would otherwise go to the citizens of North Carolina.  A UNC study reports the following:   

For example, nearly half of the 801,000 Hispanics in North Carolina are not authorized to be in the U.S., according to statistics from the UNC study and the latest census. The UNC study also said Hispanics contribute about $756 million in tax revenue but cost the state budget $817 million, or $102 per resident, for a net loss of $61 million.

It’s bad enough that we have Great Depression like numbers, but having foreign nationals take away jobs from able bodied Americans is an affront.  It is even more reprehensible that these illegals leech off of an overburdened citizenry.



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