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N.C. State economist: U.S. needs to generate 200,000 jobs a month

Posted April 2, 2010

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— One North Carolina State University economist says more jobs need to be created before the unemployment rates start to go down, but that likely won't happen until the end of the year.

“We’re not there yet, but at least we’re getting job growth,” said economist Mike Walden. “We need to generate about 200,000 jobs a month nationally to get that unemployment rate to come down."

The Labor Department reported Friday that employers added 162,000 jobs in March. Economists had forecast an increase of 190,000 jobs.

National unemployment is holding steady at 9.7 percent. Walden predicts that rate will edge up in the summer before dropping slightly at the end of the year.

“If the consumer isn’t spending, the economy isn’t going to move ahead very fast,” he said.

Walden also says North Carolina is seeing an uptick in jobs. He cites surveys that show job growth in the state in the past few months.

“I think this may be the beginning of sustained job growth. The big question is going to be, ‘How many jobs?’” he said.

Chris Strickland, the general manager of Alsco in Raleigh, said he hasn’t laid off any workers, but the linen services business hasn’t added any either.

“We are surviving, yes,” he said. “We’ve got 120 employees."

Strickland measures productivity by the numbers – ironing 800 restaurant tablecloths an hour, 2,400 hotel bed sheets a day and 1,300 dining napkins an hour.

Strickland’s business is dependent upon two other types of business: the food/hospitality industry, which has taken a hit, and the health care industry, which has remained strong in this economy.

“We’re hoping towards the end of the year we can expand a little bit,” Strickland said.

11 Comments

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  • geosol Apr 2, 7:47 p.m.

    That's "right"!! Things were SO much better when the right wingers were in charge of everything not so long ago, weren't they? Too bad they didn't have a clue as to how to pay for their give-aways. But that won't stop them from trying to blame everyone else for the problems that they created.

  • colliedave Apr 2, 7:41 p.m.

    Obummer's policies have not created an incentive for sustained, long-term job growth. Now that health insurance is a government mandate, businesses will hire the minimum needed to operate. Now that they cannot deduct the cost of their employees' health care insurance, they will eliminate that expense and pay the mandated fine.

  • NCPictures Apr 2, 6:31 p.m.

    Eightball, but kids are getting out of college, and adding to the number of people looking for jobs.

    It appears that most of the jobs being created (if you will) are temp jobs, or in the government. That will not life this economy. But since this administration is insistent on the government running our lives, that is all we are going to see: jobs being taken out of the private sector and into a less efficient government position.

  • wildcat Apr 2, 6:19 p.m.

    That would be really great! April should be the staring month. Good idea !

  • Worland Apr 2, 6:04 p.m.

    Want jobs? Drill, Baby drill! Mr. Obama, let us drill in ANWR! Oil has tripled in price since Obama has been elected!

    These worthless "exploration" leases Obama just announced won't lower gas prices or create jobs. He'll be long gone before we get permits to drill anything we find.

  • tsquaring Apr 2, 5:40 p.m.

    You ain't heard, we're doing it. Just ask Obama.

  • hardwork919 Apr 2, 5:21 p.m.

    "("One North Carolina State University economist says more jobs need to be created before the unemployment rates start to go down.") wow. genius. i hereby nominate this einstein for the nobel prize. i can see why he's a professor at nc state and not at a more prestigious university..." monkeyboy

    LOL He's clearly the John Madden of economics: "whoever has more points at the end of the game has a better chance of winning!"

  • PeelAway1 Apr 2, 5:17 p.m.

    Finally. Whether you agree or disagree with what he is saying, the media is reporting what an/the economist(s) is/are saying instead of some retard politician, particularly a retard politician in the last 14 months. Unbelievable!!

  • monkeyboy Apr 2, 4:54 p.m.

    "One North Carolina State University economist says more jobs need to be created before the unemployment rates start to go down."

    wow. genius. i hereby nominate this einstein for the nobel prize.

    i can see why he's a professor at nc state and not at a more prestigious university...

  • tran Apr 2, 4:33 p.m.

    ""If the consumer isn’t spending, the economy isn’t going to move ahead very fast," he said. "I think this may be the beginning of sustained job growth.""

    Uhhh, well, the consumer isn't spending. So what's going to drive the "sustained job growth"?

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