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Unemployment increases slightly in the Triangle

Posted July 23, 2010

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— Unemployment across the Triangle increased slightly in June, according to new data from the North Carolina Employment Security Commission.

While statewide unemployment dropped last month to 10 percent from 10.4 percent in May, the Triangle metro areas still reported slight increases in the jobless rate.

The Raleigh-Durham-Cary-Chapel Hill metropolitan statistical area’s unemployment reached 8.2 percent in June, up from 8 percent the previous month,

In Raleigh-Cary, unemployment increased to 8.4 percent in June from 8.3 percent in May.

In Durham-Chapel Hill, unemployment hit 7.5 percent last month compared to 7.3 percent in May.

The rates are not seasonably adjusted.

The statewide unadjusted rate for June was 10.1 percent.

Unemployment rates increased in nine of the state’s major metropolitan statistical areas for June, including Fayetteville and Greenville, as well as 45 of 100 counties.

The MSA rates were

  • Asheville — 8.4 percent, up from 8.3 percent in May.
  • Burlington — 11.1 percent, up from 11.0 percent.
  • Charlotte-Gastonia-Rock Hill NC-SC — 11.1 percent, no change.
  • Durham-Chapel Hill — 7.5 percent, up from 7.3 percent.
  • Fayetteville — 8.9 percent, up from 8.7 percent.
  • Goldsboro — 8.7 percent, up from 8.6 percent.
  • Greensboro-High Point — 10.8 percent, no change.
  • Greenville — 10 percent, up from 9.8 percent.
  • Hickory-Lenoir-Morganton — 13 percent, down from 13.1 percent.
  • Jacksonville — 8.0 percent, up from 7.6 percent.
  • Raleigh-Cary — 8.4 percent, up from 8.3 percent.
  • Rocky Mount — 13.0 percent, no change.
  • Wilmington — 9.6 percent, no change.
  • Winston-Salem — 9.6 percent, up from 9.5 percent.

“The June county data show that for many of the counties in the state, the unemployment rate has showed some level of improvement,” said ESC Chairman Lynn Holmes in a statement.

“Unfortunately, there are still many counties where the rate of unemployment remains high,” she added.

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  • Plenty Coups Jul 23, 2010

    Lets dive-"SO WHAT EACTLY IS IN THE BILL THAT STOPS RECESIONS?"

    How about enforcing stricter government regulations on banks and ending loopholes where banks couldn't make risky or abusive pratices. To further educate yourself, go here:
    http://blogs.wsj.com/economics/2010/03/15/factsheet-senate-financial-regulation-bill/

  • Plenty Coups Jul 23, 2010

    "The economy was already headed down by 2006...UHMMM WE WE'RE STILL ADDING JOBS UP TILL THE MIDDLE OF 2007. NEXT"

    Are you serious about debating when the recession started? The "official" recession started in 2008. The economists agree on that. The housing bubble burst in 2005-2006 with large amounts of mortgage defaults starting those very same years. Later in 2006-2007, housing prices began to fall and interest rates began to rise. This gradually leads to higher unemployment as banks began to get into trouble. So while you may claim that in 2006 we were still adding jobs, economists understand that it takes a while for unemployment to set in. By 2007, it was definitely rising. Bush was president in 2005 when the housing bubble peaked. Republicans were in control in Congress. Thats what caused the recession. Not the Democrats (or Republicans)

  • LETS DIVE Jul 23, 2010

    The economy was already headed down by 2006...UHMMM WE WE'RE STILL ADDING JOBS UP TILL THE MIDDLE OF 2007. NEXT

  • LETS DIVE Jul 23, 2010

    Trying to fix the problem of banks being greedy without thinking about the consequences to the economy is abit more productive than simply criticizing everything Obama does now isn't it? Everyone agrees to the cause of this recession (at least those without political motives) and some want to do something about it.
    SO WHAT EACTLY IS IN THE BILL THAT STOPS RECESIONS? NOT THE RETORIC THE ACTUAL THINGS THAT WILL STOP A RECESSION AND DONT BOTHER CAUSE EVEN THE PEOPLE WHO WROTE IT DONT KNOW. THEY SAID IT WILL NOT BE KNOWN IF IT WILL WORK TILL THE IS A DOWN TURN,GREAT,WE'RE SAVED

  • Plenty Coups Jul 23, 2010

    gswalker-"Health care? No...that's not it. Extension of unemployment benefits which add to the deficit and won't create a single job? No...not it."

    How many times must this be said? The economy was already headed down by 2006. How did health care and unemployment benefits contribute towards this recession? You can't argue with actual proof or logic so you resort to ranting about all you disagree with as if that somehow will convince people that thats what caused the recession.

  • Plenty Coups Jul 23, 2010

    Let Dive-".REALLY? not going to have a recession again? wow he is a savoir. WOW!!!!!!!!"

    Trying to fix the problem of banks being greedy without thinking about the consequences to the economy is abit more productive than simply criticizing everything Obama does now isn't it? Everyone agrees to the cause of this recession (at least those without political motives) and some want to do something about it.

  • LETS DIVE Jul 23, 2010

    plenty.I can think of a lot of good that was accomplished also. Let me start with financial regulation-trying to make sure banks are regulated so this recession won't happen again.
    ..REALLY? not going to have a recession again? wow he is a savoir. WOW!!!!!!!!

  • Weaker Pelosi Jul 23, 2010

    69: I guess the dems borrowed from the money fairy, right.

  • corey3rd Jul 23, 2010

    we're paying for all the idiots who thought there was nothing wrong with US companies outsourcing our jobs to India and China to save a few bucks. We're paying for all the times Wal-Mart slashes prices so that it forces a major company to commit cutbacks instead of suffering the wrath of not giving WalMart their price. Businesses have no soul and care nothing for America until we have to save their foreign interests with an invasion or clean up their disasters.

  • Plenty Coups Jul 23, 2010

    "Once Clinton revamped the housing market, allowing those with ZERO down payment to buy a home, we BEGAN to be headed for this financial chaos."

    You give Clinton more credit for power he never had. Again, 84% of the subprime mortgages made in 2006 were made by private banks. The Community Reivestment Act affected only one of the top 25 banks making subprime mortgages. The economists disagree with you and so do I.

    http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html
    http://www.moolanomy.com/866/what-caused-the-financial-crisis-of-2008/

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