Triangle unemployment rate dips to 7.4 percent

Posted November 30, 2010

— Unemployment in the Research Triangle Park area dipped slightly to 7.4 percent in October, according to data released Tuesday by the state Employment Security Commission.

The jobless rate was 7.5 percent in September. A year ago, unemployment stood at 8.4 percent across the Raleigh, Durham, Cary and Chapel Hill metro areas.

Statewide, unemployment was 9.1 percent in October. The jobless rate declined in 66 of North Carolina’s 100 counties.

The ESC reported that 801,321 people were working last month, while 64,003 were not employed, seeking working and receiving jobless benefits.

The number of jobs increased by about 1,500, while the number of unemployed fell by about 400.

Separately, the Durham-Chapel Hill unemployment dipped to 6.6 percent from 6.8 percent the previous month while Raleigh-Cary saw a dip to 7.6 percent from 7.8 percent.

Across the state’s major metro areas, the jobless rate declined or remained the same.

• Asheville — 7.4 percent, down from 7.6 percent in September.
• Burlington — 9.7 percent, down from 10 percent.
• Charlotte-Gastonia-Rock Hill NC-SC — 10.2 percent, down from 10.6 percent.
• Durham-Chapel Hill — 6.6 percent, down from 6.8 percent.
• Fayetteville — 8.6 percent, down from 8.8 percent.
• Goldsboro — 7.9 percent, down from 8.1 percent.
• Greensboro-High Point — 9.7 percent, down from 9.9 percent.
• Greenville — 9.0 percent, down from 9.3 percent.
• Hickory-Lenoir-Morganton — 11.7 percent, down from 11.9 percent.
• Jacksonville — 7.3 percent, down from 7.5 percent
• Raleigh-Cary — 7.6 percent, down from 7.8 percent.
• Rocky Mount — 12.1 percent, no change.
• Wilmington — 9 percent, down from 9.1 percent.
• Winston-Salem — 8.7 percent, down from 8.9 percent.


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  • dlk13ster Nov 30, 2010


    You've touched on an unhappy (but undeniable) truth about the economic downturn.

    The fact is co. are posting record profits because they can squeeze more productivity out of an increasingly small workforce. It has made many companies leaner and meaner, yes; but there's a dark side to this culling of the flock.

    People are so grateful to HAVE a job (ANY job), that they are willing to do more, for less. Benefits have shrunk, as co. "cut costs," realizing that just the prospect of a paycheck is enough to entice workers who are desperately competing for what few jobs are offered. This is an environment ripe for labor exploitation, a la stagnant wages and COLA.

    To be fair, this is just a case of supply-and-demand, only with the "supply" being jobs, and the "demand" being unemployment. But it is still unduly stressful for those who have lost jobs, or are looking for the first time.

    Esp. since the latter now have compete w/ the former, w/ vast diff. in age & experience b/t them.

  • Eduardo1 Nov 30, 2010

    does this include ALL of those who have run out of the 99 weeks including extensions, those who are only able to work PT, mid-high earners, now slopping burgers at McD's, Wendys, BK, etc?

  • uncrulez Nov 30, 2010

    The unemployment rate is elevated because business realized they can do more with fewer people. Our team laid off 15% (the slackers) and we are more productive without dragging around the dead weight. My workload has increased, but I'm happier because we now have a team of all stars and the slackers are gone. I would rather work more hours than see them hire more people and risk screwing up our team with losers.

  • dlk13ster Nov 30, 2010

    Personally, I can't wait until the Rep. Congress is sworn in in January.

    Then, when people start asking them to repeal Obamacare (but WITHOUT touching their Medicare), when people start asking them to cut entitlement programs (but NOT cut their Social Security), and when people ask them to undo the deficit (and CUT our taxes even further), the pressure will be on them.

    Which they will promptly deflect, by blaming Pres. Obama for something new, like the War in Iraq.

  • EZeegoing Nov 30, 2010

    Let's see what it is next month when the currently unemployed drawing their last unemployment paycheck go back to work.

  • ObamaMustGo aka NCcarguy Nov 30, 2010

    oh I think I do tpb....If obama hadn't borrowed a trillion from China, the overall economy would be growing now, but since he did, we're showing a slight GROWTH in economic activity, but unfortunately, as soon as the spending stops, we're right back to previous levels. Government borrowing and spending isn't economic growth, it's a false number.

  • redapace Nov 30, 2010

    "At this rate....We'll be out of this recession in 5-7 years!"

    Haven't you heard? The republicans will take the majority in Congress in January, and they've all said that jobs & the economy will be their top priorities. We'll be all fixed up by March - April.

  • NeverAgain Nov 30, 2010

    No doubt it’s the new republican majority (that won’t be sworn in until January 2011) that’s turned things around already.

  • DontLikeTheSocialistObama Nov 30, 2010

    "NCcarguy: Possibly in denial that the Great Recession lasted 14 months under the previous presidential administration? Do not believe me? Count up the months, starting with December 2007. - tpbwetland"

    Unemployment was around 6% when Obama took office. He promised us that if Congress approved his "stimulus" package that unemployment wouldn't go over 8.5 %.

    Well, the stimulus package was a failure and unemployment peaked around 10%.

    Looks like Obama took a bad situation and made the situation worse.

    As long as those making over $250K aren't sure what's going to happen to their taxes plus Obamacare costs and increased regulatory costs, you aren't going to see businesses hiring and reducing unemployment.

    Businesses are sitting on a record amount of cash and not spending it because they are scare about what Obama's anti-business policies are going to do them.

    To improve the economy, Obamacare needs to be repealed and Obama's anti-business regulatory policies and agenda need to en

  • DontLikeTheSocialistObama Nov 30, 2010

    The article forgets to tell us that the Unemployment numbers just measure those actively looking for a job. It doesn't consider those who have given up and have quit looking for a job.

    The real unemployment numbers are most likely in the 12 to 14 percent range.