October could signal direction for NC jobless rate

by the Associated Press
Published/Last Modified on Friday, November 20, 2009 7:17 AM EST

RALEIGH (AP) — North Carolina’s unemployment figures for October could show whether a predicted late-year jobs crunch is hitting the state economy.
Advertisement
The state’s Employment Security Commission on Friday releases the latest data, which will show whether the jobless rate that has hovered around 11 percent for eight months has gotten better or worse.

Many economists have warned that despite signs that companies see recovery on the horizon, unemployment is likely to worsen before turning around next year.

North Carolina has lost about 250,000 jobs since the recession started in December 2007.

The state’s unemployment rate has been around 11 percent since February and has been worse than the national average for more than a year.

 

Copyright © 2010 Roanoke Daily Herald

Comments

Write a Comment

Comment posters are responsible for the opinions they express and the accuracy of the information they provide. We urge comment writers to treat this as a public forum where manners matter. We encourage a collegial, non-insulting tone. All readers comments must be approved by our staff before posting to the Web site. They review submitted comments periodically during the day for offensive or off-topic content before posting. Be aware, in accordance with the Communications Decency Act and provisions upheld in judicial appeal, that you are responsible for comments posted on this Web site. The Daily Herald is not liable for messages from third parties.

DO NOT POST:
* Potentially libelous statements or damaging innuendo.
* Obscene, explicit, or racist language.
* Personal attacks, insults or threats.
* The use of another person's real name to disguise your identity.
* Comments unrelated to the story.
* Personal Information (phone numbers, addresses, etc.)

Opinions, advice and all other information expressed in rrdailyherald.com's reader comments represent the individual's own views and not necessarily those of the Daily Herald. The Daily Herald does not endorse and is not responsible for statements, advice or opinions offered by anyone other than authorized Daily Herald spokespersons.

Your thoughtful contribution to the online discussion is appreciated.

(optional)
   
 

Contact Us

Contact Us
(252) 537-2505