North Carolina’s local labor markets exhibited little energy in June, based on the latest numbers released Friday by the Employment Security Commission.
Fifty-five counties posted double-digit unemployment rates, while 24 counties recorded jobless rates of at least 12 percent. Eleven of the state’s 14 metro areas also continued to shed jobs.
John Quinterno, an expert on labor market issues with South by North Strategies, says these lackluster numbers are yet another sign that further troubles are likely in store for the second half of 2010.
Because private-sector job growth remains anemic, he notes emergency unemployment benefits, home tax credits, and other government actions are necessary to keep the economic recovery slowly moving forward.
For a preview of our radio interview with Quinterno, please click below: