NC unemployment rate August 2013 drops due to .2 percent labor force participation rate, Labor force dropouts, 1.6 percent drop in labor force in 2013 not new jobs

NC unemployment rate August 2013 drops due to .2 percent labor force participation rate, Labor force dropouts, 1.6 percent drop in labor force in 2013 not new jobs

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“In the Triad, a number of studies have ranked the area among the nation’s worst in terms of poverty and food hardship.”

““You have the people that were barely making it with 40 hours. Now, they’re below 30 hours and have the same household bills,” Sturdivant said. “And at the end of the day, if they go out and get another part-time job, they still won’t have insurance.””...Greensboro News Record September 2, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

The stated unemployment rate for NC in August is 8.7 percent.

Good news?

No!

The labor force particpation rate dropped .2 percent last month!

It has dropped 1.6 percent in 2013!!!

This is huge news.

The Greensboro News Record could only state this.

“The trend of falling unemployment rates across the country has come, in large part, due to the number of people who stopped looking for a job. The government does not count those people as unemployed.”

http://www.news-record.com/business/article_090bb4be-220d-11e3-8a99-001a4bcf6878.html

 






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