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N.C. unemployment jumps to 11.1 percent

Posted June 19, 2009

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— All but two sectors of North Carolina's economy shed jobs last month, causing the unemployment rate to climb to an all-time high of 11.1 percent, according to the state Employment Security Commission.

New numbers released Friday showed nearly 17,500 North Carolina workers joined the ranks of the unemployed in May. There were 508,834 people seeking jobs in North Carolina that month.

State unemployment rate up State unemployment rate up

Seasonally adjusted employment decreased by 28,855 workers to 4,059,416.

The increase follows the three previous months in which the unemployment rate stayed steady at 10.7 percent.

"While we continue to have job announcements in areas across North Carolina, we are still experiencing some job losses in many job sectors," ESC Chairman Moses Carey Jr. said. "This is also being seen across the country."

The government and manufacturing sectors saw the greatest decline, losing 4,000 and 3,800 jobs respectively. The construction, manufacturing, professional, financial, education, health and information sectors also loss jobs.

Only two sectors of the non-farm economy added jobs: leisure and hospitality services with 2,900 positions and trade, transportation and utilities with 200 positions.

"There are about five people applying for every job that's available, right now," Carey said. "That tells me that employers are still a little bit cautious. They're waiting to see what's going to happen before they make significant investments."

Since May 2008, the number of unemployed workers has increased by 242,508. A year ago, unemployment was at 5.9 percent.

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  • zeke1969 Jun 19, 2009

    Look up ""American Dream Downpayment Act of 2003" if you think Clinton was responsible for the mortgage crises. The Bush administration openly encouraged "even those with less then perfect credit" (that is a quote directly out of GWB's mouth) to buy homes that they could not afford. We were writing checks then that we could never cash in the future, our and our kids future. And I am constantly worried about economics in this country. I own a small construction company. Economic free fall devastates the service industry and when people say "let them fail" I think that the might not be looking at the whole picture.

  • oldschooltarheel Jun 19, 2009

    How much was it the NC Legislature & our esteemed Guvniss voluntarily declined from their salaries to show belt tightening & leadership by example? 15%, 20%, or the truely noble "dollar a day"? Why heavens to Betsy none of that! They are cutting the "little guy" (anyone other than them & theirn). What a bunch of crooks. No better than Easley & that scarecrow of his - breath holding to see whether the Feds ever actually put forth indictments on those sleezes... no different from the current crop over yonder in Raleigh.

  • PeaceOut2017 Jun 19, 2009

    "-- convicted of a non violent felony in the early 90's, and taking unemployment checks once a month, because no one will hire someone who made ONE mistake a VERY long time ago. If you are a hiring manager, consider giving us one timers a break, eh?"

    I considered it. And decided no. Sorry.

  • tsquaring Jun 19, 2009

    How's that "Hope and Change" working for ya?

  • gcfarms Jun 19, 2009

    EZeegoing, You are preaching to the choir, baby!!

  • elfgir1 Jun 19, 2009

    For the record, I did not mean to imply any interpretation whatsoever for the two charts I linked to in my previous post. I just wanted to point out that the unemployment rate doesn't really measure what we want it to measure, so we should probably seek out additional information that is not prominently displayed in AP articles...

  • EZeegoing Jun 19, 2009

    I have my own opinion on American unemployment. For years the average American has got lazy, refused to do any hard work, looked for soft, air conditioned jobs. These jobs still need to be filled so employers hire hispanic labor because they work. If some of these lazy, unemployed Americans would get off their lazy rear ends and apply for these jobs we would accomplish two things: First, put Americans back to work, let them work their way up the ladder, secondly with less demand for illegals perchance not as many would be moving here to burden the employment and social services system, schools and medical emergency room dependency.

  • MrPearce Jun 19, 2009

    I wanted to write something short on how the rich have been "taking the middle class to the cleaners".

    This is the most bogus thing ever written. This is America, it's a free country. You do not HAVE to work a specific company. You can quit, be fired, even start your own competing company.

    If you stayed at a job and knew you were getting ripped off, the onus is on you, not the employer. He payed the minimum to get you to work. He exploited the market for his own benefit. He didn't chain you to the machine to make you stay.

    You have kids and house payment you say? It gets better. Number one, did you consider your career outlook before you popped out kids? #2, did you look for a better paying job? and #3 why didn't you change careers if you couldn't get what you needed in your current career. There was no middle class ripoff by the rich.

    Only the poor ripping off the middle class with entitlements via taxes.

  • elfgir1 Jun 19, 2009

    Actually the unemployment rate only measures the number of people actively looking for jobs. (#people searching for job)/(#people searching for job + #people currently employed) If you aren't looking for a job, you aren't measured in the unemployment rate. If you go to the US Bureau of Labor Statistics (http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0000000001&output_view=net_1mth), you can see that the US workforce has increased by 400,000 jobs since January 2009. The disparity between the employment index and the rising unemployment rate means that people who weren't trying to look for a job (for whatever reason) are now actively trying to rejoin the workforce (I think...) The Civilian Employment-Population Ratio (http://research.stlouisfed.org/fred2/graph/?chart_type=line&s[1][id]=EMRATIO&s[1][range]=10yrs) is also interesting. It measures the number of people age 18-65 who have jobs, so it's affected by kids in college and early retirees.

  • MrPearce Jun 19, 2009

    chcustomhomes:

    Yes, I can say, I would have. People learn lessons when they fall hard. Softening the fall assures that no one learns anything.

    It also speeds recovery, because investors quickly learn where they stand in the world. With the current administration changing the rules as they go, no one knows where they stand at any given time. Who wants to gamble in a complex market, with even more negative mitigating factors at work?

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