Uncategorized

Sensing a trend?

Another economist, David Ribar from UNC Greensboro, has provided an analysis of what is happening in North Carolina’s labor market and it doesn’t support the outrageous claims being made about employment improvements from unemployment insurance changes.  The entire piece is worth a quick read  here. This is the key finding.

Figures from the U.S. Bureau of Labor Statistics indicate that the number of non-farm jobs in NC increased 1.35 percent from June 2013 (the month before UI was slashed) to November 2013 (the latest month available).

Over the same months in 2012, when the more generous UI state and federal systems were in place, the number of non-farm jobs increased by 1.50 percent.

Nationally, job growth from June to November was faster in 2013 than in 2012, so NC’s slowdown bucks the national trend.

 

Comments are closed.