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Update: N.C. jobless rate drops below 10 percent

Tuesday, January 24, 2012
(Updated 3:25 pm)

RALEIGH (AP) — The state's unemployment rate dropped a fraction in December to 9.9 percent, sliding just out of the double-digit range for the first time since June, the state Commerce Department said today

It was the third straight month that the state's jobless rate had dropped. It was 10 percent in November.

The state's unemployment rate is now almost down to the level where it stood a year ago. It was 9.8 percent in December 2010.

The state's rate is still higher than the national average of 8.5 percent.

The number of people on North Carolina's unemployment rolls fell by 5,193 while the number of those with jobs increased by 9,532 to more than four million.

The results mean that the total number of jobs in North Carolina stayed essentially flat through 2011, said John Quinterno of South by North Strategies, a Chapel Hill economic policy research firm.

"December's job market performance was a disappointing end to a disappointing year," he said.

A monthly survey of businesses found private companies cut employment by 5,900 in December, but the number of people drawing paychecks since the same month last year grew by 29,400, the Commerce Department's labor analysis division said. Leisure and hospitality businesses added the most jobs since December 2010 — 11,800, the agency said.

Workers who had jobs also were being paid more in December, a sign that employers may face pressure to hire more. The average hourly wage for manufacturing workers increased by 30 cents to $16.50 in December, while the statewide weekly average pay grew by $12.45 to $684.75, the state agency said.

But North Carolina would have to create 16,000 jobs each month for three years to restore employment to the level that preceded the recession that started in late 2007, said Alexandra Sirota, director of the liberal-leaning North Carolina Budget and Tax Center.

"There continues to be too few jobs for the state's workforce," she said. "The result is ongoing high numbers of unemployed workers, workers out of work for longer, and slow growth in the labor force overall."

Accompanying Photos

John Raoux

Photo Caption: Those seeking jobs create resumes and look for open positions at a job fair Tuesday in Cape Canaveral, Fla.

Comments

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rooster8786

January 24, 2012 - 11:21 am EST

And January's will be reported as a seasonal "spike", when actually it's all the people losing the retail jobs around the holidays...

pragmatist

January 24, 2012 - 11:58 am EST

Hate to burst your Bubble of Negativity, but unemployment rates are adjusted for seasonal variations.

In fact, the monthly unemployment rates released by the Bureau of Labor statistics are calculated by totaling not only the number of employed or unemployed, but also by factoring in job seekers versus job gainers. During seasonal periods, the number of job seekers spikes higher than the number of job gainers. What often happens is a significant portion of temporary job gainers displace previous job holders. Therefore, statistics appear to indicate greater job losses, as reported by those who yielded their jobs to new hires who may or may not have actively sought jobs before the seasonal period.

Contrary to your apparent impression of the jobless rate, if it is affected at all, it is only inversely representative of seasonal hiring and firing activities.

sickandtired

January 24, 2012 - 12:43 pm EST

Does the number include the unemployed who are no longer receiving benefits? If not, that number is too low.

JRL2

January 24, 2012 - 12:33 pm EST

kenpofan

January 24, 2012 - 12:43 pm EST

Don't worry the stimulus hasn't had enough time to effect you its only been 3 years...
Hope and Change. just remember Hope and Change !!

The_Doctor

January 24, 2012 - 2:53 pm EST

Millions of people are running out of hope, and the only change we've had recently is what can be found wedged between the couch cushions. But no matter, the Obama is virtually assured another term to work his magic.

Waldo Leidecker

January 24, 2012 - 4:21 pm EST

And your BFF's the Republinazis have done sooooooooo much to improve the economy. These little weasels have done everything to tank it for nothing more than personal and political gain, and I have yet to hear a single one of them run on his or her "record of accomplishments" - which would REALLY be laughable.

The_Doctor

January 24, 2012 - 2:50 pm EST

U-6. If you don't know what it is, look it up. It's universally ignored by the media, but it tells a story that won't go away by ignoring it.

HotRodLincoln

January 24, 2012 - 3:22 pm EST

Mitt Romney is good at creating jobs... problem is they are all in China.

rmacz

January 24, 2012 - 5:12 pm EST

That's kinda like saying, Obummer is good at creating jobs...problem is, they're for illegals....and since you brought up Romney.... http://nation.foxnews.com/mitt-romney/2012/01/24/whos-greedy-obama-gave-...
The food stamp President is great giving other folks money away,,,ha!

And as a side bar for the economy.... http://cnsnews.com/news/article/under-obama-price-gas-has-jumped-83-perc...
http://www.realclearpolitics.com/video/2011/10/03/obama_american_people_...

HotRodLincoln

January 24, 2012 - 11:53 pm EST

I don't do links. Especially links with FOX News in them. Your problem is you watch too much FOX. It must be a real hard time to be Republican. LOL, next time you are checking out Real Clear Politics check out the spread on Grinch and Obama. ROFLMAO get up stagger around the fall back down LOL. I'd rather stir up a bunch of hot republicans than eat when I'm hungry.

rmacz

January 25, 2012 - 7:56 am EST

If you don't like the message, attack the messenger...ha!

awsmview

January 24, 2012 - 4:29 pm EST

Put a positive spin on the numbers all you want.
Check out the food banks and food stamp numbers.
What we are seeing is the Splitting of the Masses.
The Haves and the Have Not(s).

sickandtired

January 24, 2012 - 4:37 pm EST

I totally agree.

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