unemployment rate

Local News
11:29 am
Mon December 23, 2013

NC Unemployment Rate Drops To 7.4%

The unemployment rate dropped significantly in November from 8 to 7.4 percent.  The rate has fallen 2 percentage points in the past year and is the lowest it’s been since 2008.  But that’s not all cause for celebration. 

The labor force decreased by about 8,100.  Allan Freyer, an analyst with the N.C. Budget and Tax Center, says the rate dropped so much because many people just became discouraged and stopped looking for work. 

Read more
10:17 am
Fri June 21, 2013

Sequester Cuts Federal Program That Tracks Layoffs

Monthly number of businesses laying off at least 50 people, 2003-2013, according to data from the Mass Layoff Statistics program.
Credit Ben Bradford / WFAE

One of the fears about the federal budget cuts known as the sequester is that they could shrink the economy and trigger large layoffs. At the same time the government is cutting its program that tracks large layoffs—because of the sequester.

Read more