NC unemployment rate declines, Drop in labor force big reason, 9.4 percent, WRAL honest report, NC employment among worst in nation
NC unemployment rate declines, Drop in labor force big reason, 9.4 percent, WRAL honest report, NC employment among worst in nation
“The United States economy has lost more jobs than it has added since the recovery began over a year ago.”…NY Times Sept. 20, 2010.
“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″
“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″
My hat is off to WRAL for this honest report.
From WRAL May 18, 2012.
“NC unemployment rate continues slow decline”
“People leaving the labor force were a big reason that North Carolina’s unemployment rate dropped to 9.4 percent in April, a month when only 1,400 more people got jobs.
The rate dropped from 9.7 percent in March and a percentage point from April a year ago, according to the figures from the state Division of Labor and Economic Analysis. The rate was stuck at 10.7 percent from July to September, then started a slow decline in October.
More than 11,000 people left the labor force in April compared to May, the figures show. More than 21,000 people have joined the North Carolina labor force since April a year ago.
“The bulk cause of this is the labor force decreased,” division spokesman Larry Parker said of the monthly decrease.
People leave the labor force for many reasons, he said: They quit looking for work; they retire; or they might move. The decrease isn’t related to the demise of extended benefits, which ended last week for about 17,000 people, he said.
The number of unemployed decreased by 12,686 to 439,368 over the month, while the number of employed increased by 1,471 to more than 4.2 million over the month and by 63,513 over the year.
North Carolina’s unemployment continues to be higher than the national rate, which fell slightly to 8.1 percent in April.”
Read more:
http://www.wral.com/news/state/story/11116713/
The mainstream media has misrepresented the unemployment rate and misportrayed the impact of the Labor Force Participation Rate in the US employment numbers.
From Citizen Wells May 9, 2012.
“The Washington Post on May 4, 2012 posted a very misleading article titled “The incredible shrinking labor force.” Is this another example of sloppy or biased journalism or both?”
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