Unemployment Rate Drops to 8.6% in the Triangle in August; Fewer People with Jobs
Posted on | September 25, 2009 | No Comments
The Unemployment rate in the Triangle area of North Carolina (Raleigh, Durham, and Chapel Hill) dropped to 8.6% in August. This does not mean that the job picture is improving. More than 5200 fewer people were working last month and the size or the work force fell by more than 10,000. North Carolina State University economist Michael Walden feels the improvement in the unemployment rate is not a good reading.
“We’re at that stage of the recession where the unemployment rate really doesn’t give us a good reading on the job market,” Walden told WRAL.com and Local Tech Wire. “The problem is – as the recession has lingered and gotten deeper – unemployed persons stop actively looking for work, either because they are discouraged or because no one is hiring. And if an unemployed person doesn’t actively look for work – by sending out resumes and going on job interviews – they won’t ‘officially’ be classified as unemployed and they won’t be included in the labor force,”
The jobless rate in each of the state’s major metro areas courtesy of WRAL.com:
• Asheville — 8.5 percent, down from 9 percent in July.
• Burlington — 12.2 percent, down from 12.7 percent.
• Charlotte-Gastonia-Concord NC-SC — 11.8 percent, down from 12.4 percent.
• Durham-Chapel Hill — 8 percent, down from 8.3 percent.
• Fayetteville — 9.1 percent, down from 9.5 percent.
• Goldsboro — 8.9 percent, down from 9.7 percent.
• Greensboro-High Point — 11.6 percent, down from 11.9 percent.
• Greenville — 10.5 percent, down from 10.9 percent.
• Hickory-Lenoir-Morganton — 14.6 percent, down from 15 percent.
• Jacksonville — 8.2 percent, down from 8.8 percent.
• Raleigh-Cary — 8.7 percent, down from 9.1 percent.
• Rocky Mount — 13.8 percent, down from 14 percent.
• Wilmington — 9.7 percent down from 10.1 percent.
• Winston-Salem — 10 percent, down from 10.2 percent.
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Author: Jesse Wojdylo
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