NC unemployment rate big lie, BLS and NC commerce dept report 5.4 percent March 2015, Charlotte observer media repeat lie, No mention of 4.5 percent plummet in participation rate

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NC unemployment rate big lie, BLS and NC commerce dept report 5.4 percent March 2015, Charlotte observer media repeat lie, No mention of 4.5 percent plummet in participation rate

 

The BLS reports a 5.4 percent unemployment rate for NC in March 2015.

The NC Dept. of Commerce reports a 5.4 percent unemployment rate for NC in March 2015.

The Charlotte Observer also reports a 5.4 percent unemployment rate for NC in March 2015.

“North Carolina’s unemployment rate rose a notch to 5.4 percent in March as tens of thousands of people entered the labor force in search of work.

The Labor and Economic Division of the N.C. Department of Commerce reported Tuesday that the unemployment rate rose one-tenth of a percentage point from 5.3 percent in February. A year ago, the state’s unemployment rate stood at 6.4 percent.

The national unemployment rate was 5.5 percent in March, the same as in February.
“I would ignore the rise in the (state) unemployment rate because it is totally due to a large influx of people coming back to the labor force,” said N.C. State University economist Michael Walden.

The monthly survey of households found that the number of people employed rose by 26,012, which Walden called “a very strong increase.” At the same time, however, the number of people unemployed in the state rose by 5,926 in March to 253,510.

That seemingly contradictory data is an indication that people who previously had been too discouraged to look for work have re-entered the job market.

The monthly survey of North Carolina employers actually found that the number of jobs in the state fell by 2,600. It’s not unusual for the data from the household survey and the employer survey to conflict, since both are based on sampling.

The month-over-month decline in jobs in March, according to the employer survey, was led by a loss of 2,400 construction jobs and 1,800 financial activities jobs. Other sectors losing jobs included education and health services and government, both of which declined by 1,100 jobs.

On the upside, the state added 2,700 professional and business services jobs and 2,100 jobs in the trade, transportation and utilities sector. Manufacturing jobs grew by 1,000.”

Read more

No mention of the fact that the NC labor force participation rate has plummeted 4.5 percent since January 2009 when Obama took office.






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