Obama Leaves North Carolina's Unemployed in the Ditch

If you listen to the Obama administration, you would think that the “Great Recession” was over, and this country’s economic woes are in our rearview mirror, as we fishtail out of the ditch. But that simply isn’t so in North Carolina.

Raleigh, N.C. — The recession in 2008 and 2009 hurt employment levels in North Carolina, but the state’s current unemployment rate near double digits reflects more than a decade of stagnant job creation. North Carolina has fewer jobs now than in 1999, according to a new report from consulting firm South By North Strategies.

Even though North Carolina’s population has soared over the past 12 years, the state has 11,700 fewer jobs, the firm says.

“While the image of North Carolina as a state growing rapidly in population and jobs was very much an accurate one in the 1990s, it no longer holds,” the report notes. “In fact, North Carolina has not recorded any net job growth over the past 12 years, despite adding residents.”
In 2011, North Carolina added 19,600 jobs. The private sector created 29,400 positions, but the public sector cut 9,800 jobs, the report says.

And if you thought that was depressing, the unemployment rate is projected to hold at 9 to 10 percent. But hey, don’t listen to the experts. The Messiah says we are doing just fine. And isn’t that what counts?






Source: http://www.wral.com/news/local/story/10724413/

http://www.sbnstrategies.com/archives/9798