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Report: North Carolina has fewer jobs now than in 1999

Posted February 13, 2012
Updated February 14, 2012

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— 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.

"The great recession hit, and the bottom fell out," said Jason Jolley, a senior research director and assistant professor at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. "Two-thirds to three-quarters of the economy is based on consumer spending, and consumers don't have money. Interest rates are historically low, but consumers don't have access to credit. They're tapped out."

David Schulz owns Schulz Iron Works in Raleigh NC has fewer jobs now than in 1999, report says

Jolley predicts that North Carolina will see persistent unemployment at about 9 to 10 percent.

David Schulz, who owns Schulz Iron Works in Raleigh, says "the picture is bleak right now" at his company. Since 2007, he has laid off 20 employees, which is more than 40 percent of his workforce. Five of the employees were laid off this week, he said.

"I could cry right now. It hurts," Schulz said. "This is our 13th year in business. We're worse off than when we started in '99. We're on the brink of going under. I don't know what else to do."

Schulz said he and his employees are hoping for any kind of economic spark to help business.

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  • Crumps Br0ther Feb 16, 2012

    I'll just leave this here

    http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/desperate-jobs-youth-flee-obama/378596

  • mautry Feb 16, 2012

    does anyone besides me believe trade agreement cost jobs here and create jobs in china

  • mautry Feb 16, 2012

    ever think their unemployment has been exhausted. they are not only unemployed, they are probably homeless.

  • Gatsby Feb 16, 2012

    Been saying this all along and all the pro-grow development bloggers will spin this into a positive but when you have the top 1/2 of the country compressing into the bottom 1/2 something has to give. There are not enough jobs,water or resources in NC to hold NJ,Ohio,NY,NE,Bal & the rest.

    In the future Fed Govt will PAY you to stay put up North/Mid-West via tax breaks & incentives. If not it will all look like mad max towns w/ tumbleweeds the only thing moving.

  • newlifetupper Feb 15, 2012

    Here in nash county we have had the opportunity to change the % of the unemployed---but those that have do not seem to care so much for those that need!!!!!!!!!!!!!!! Sanderson wants to build a plant that will give people of nash county some fresh jobs---Why is wilson county trying so hard to get them to build it on the other end of wilson county???? could it be wilson county is in a worse economic state than nash??----I DON'T THINK SO!!!!!!!!!!!!!!!!! RMGRANDMA

  • ladyblue Feb 14, 2012

    North Carolina has fewer jobs now than in 1999, according to a new report from consulting firm South By North Strategies.

    DUH---Yep and i'm sure it probably cost a pretty penny to have this report done but most residents here could have told you that........

  • Jim Britt Feb 14, 2012

    "Two-thirds to three-quarters of the economy is based on consumer spending, and consumers don't have money. Interest rates are historically low, but consumers don't have access to credit. They're tapped out."

    I'm not downing your weed. I'm pointing out that consumers have no money. The job creators are tapped out and broke. It makes no difference what you produce if you have no buyers.

  • wattsun Feb 14, 2012

    Jim Britt So you are saying if we grew Hemp in NC there would be NO BUYERS seriously??? you are wrong, very wrong.
    Typical dinosaur mentality :(
    Do the research,the demand for hemp products has been skyrocketing all over the world in past few years.
    No buyers?? Doesn't the US have a obscene demand for fossil fuels here in the US? Hemp could easily replace fossil fuels in a decade or less.
    Hemp can be processed and easily converted into a clean burning fuel. Now who wouldn't wont that? hmmmh makes sense now doesn't it?
    Just a few hemp facts:
    1.Henry Ford's first Model-T was built to run on HEMP gasoline and the CAR ITSELF WAS CONSTRUCTED FROM HEMP! On his large estate, Ford was photographed among his hemp fields. The car, 'grown from the soil,' had hemp panels whose impact strength was 10 times stronger than steel; Popular Mechanics, 1941. 2.Hemp fuel is biodegradable; so oil spills become fertilizer not Eco-catastrophes. 3.Hemp fuel does not contribute to sulfur dioxide air poisoning

  • Jim Britt Feb 14, 2012

    It was illegals all right. The illegals who were running Nortel and Worldcom. The failure of those two companies account for a large chunk of the 11,000+ jobs that went away (illegal immigrants ARE NOT taking jobs that ARE NOT there to be had). Growing and manufacturing hemp for smoke or rope, or anything else, is not going to create anything if there are no buyers.

  • muggs Feb 14, 2012

    A look at this companies work force will reveal he has a large number of Hispanics working there legal or not they have not been here as long as most American born workers who have lost out to them for jobs,many of them speak little or no english and are a danger on any job site that requires a heads up safety response,a very questionable situation when it comes to how and why so many Hispanics in one company.

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