Apologists in the right-wing think tanks continue to do their best to cherry pick and spin the tale of a “Carolina Comeback.” Pretty soon there will be a release from the folks in one of the Pope-funded groups celebrating that North Carolina has the seventh fastest growth rate among states whose names include two “n’s during months with between seven and nine letters in their name.
But when it comes to the reality on the ground for real people, the data surrounding the North Carolina economy remain extremely sobering. NC Justice Center economist Patrick McHugh explains in this new release:
Unemployment declines sharply across the U.S. but grows in North Carolina
October 20, 2015 — Economic growth has reduced the number of unemployed across the United States, but such growth doesn’t seem to be happening in North Carolina.
September labor market data released this morning showed a 14 percent decline in the number of people looking for work over the last year, while the ranks of the unemployed in North Carolina grew over the same period.
“We’re creating jobs, but it’s not enough to actually get everyone back to work,” said Patrick McHugh, economic analyst with the Budget & Tax Center, a project of the NC Justice Center. “With so many people out of work, there’s less pressure on employers to raise pay, which is part of why wages in North Carolina are falling further behind the nation.” Read More