Uncategorized

Jobs numbers show improvement, but worries remain

unemploymentFirst the good news: The nation added 236,000 jobs in February, and the U.S. jobless rate dropped to 7.7% – its lowest level in four years.

Now the bad news: The labor market remains soft, and the decline was due in part to discouraged people who gave up actively looking for work.

Analyst John Quinterno with Chapel Hill-based South by North Strategies notes that for those who continue to look for full-time work, the jobs remain scarce.

  • Last month, the underemployment rate equaled 14.3 percent.
  • Among unemployed workers, 40.2 percent had been jobless for at least six, and the average spell of unemployment was 36.9 weeks.
  • The leading cause of unemployment remained a job loss or the completion of a temporary job.
  • Unemployment rates were higher among Black (13.8 percent) and Hispanic workers (9.6 percent) than among White ones (6.8 percent).
  • The unemployment rate among teenagers was 25.1 percent.

“Over the last 14 months, the American economy has gained 2.5 million more payroll positions that it has lost,” explained Quinterno. “The current average monthly rate of job growth—some 182,000 positions per month—nevertheless is insufficient to fill the sizable jobs gap caused by the most recent recession.”

North Carolina’s state unemployment rate for January will be released March 18th.

Check Also

Ten great Twitter pics from last weekend’s #MarchforScience

One of our organizers representing at the science ...

Top Stories from NCPW

  • News
  • Commentary

Conference comes a day after new report lauds benefits of same-day registration The new line-up for [...]

North Carolina’s largest public school system may be warning of “enormous disruptions” without speed [...]

Carol Turner hadn’t lived in North Carolina long before last November’s election. A retired nurse, s [...]

Controversy over class-size requirements in early grades has emerged as the biggest issue facing Nor [...]

The post ‘Backroom politics’ brewing appeared first on NC Policy Watch. [...]

The wisdom of the plan by Senate leaders to cut taxes by $839 million was called into question this [...]

Several years of tax cuts have not fixed our economic problems, and more of the same won’t either In [...]

Progress on “second chance” agenda marks a rare positive development in state policy wars There are [...]

Featured | Special Projects

Trump + North Carolina
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.
Read more


HB2 - The continuing controversy
Policy Watch’s comprehensive coverage of North Carolina’s sweeping anti-LGBT law.
Read more