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Economists Study NC Employment Data
Written by Mike Raley   
Monday, 19 September 2011 11:15

(RALEIGH) -- Last week the North Carolina Employment Security Commission released a report showing that nearly 12,000 more people in the state became unemployed. And while economists are still studying the data, North Carolina State University economist Dr. Mike Walden says there are two reports that come out each month on state unemployment numbers. And the other report, which is given to employers, shows something different.

"The one that goes to employers, which is a broader survey and usually more followed by economists, actually showed a gain of 16,500 jobs ... This does not mean we've got a great job market ... we still have an employment problem in the state and the nation. But my reading of this report -- by looking at the survey [that goes to employers] -- I think the numbers are positive because it's a broader survey."

Walden says the employment survey that goes to employers shows more accurate numbers and indicates there is less unemployment in the state.

Democrats argue the GOP-written state budget that was approved by the Legislature - over Gov. Beverly Perdue's veto - helped increase unemployment by eliminating thousands of education and state government positions. Republicans disagree with the Democrat's arguement. They say letting a pair of temporary taxes expire will ultimately create many more private-sector jobs.

Politically speaking Dr. Mike Walden says, "If you look at the Governor's proposal [versus the Republican-penned state budget, which went in to effect July 1, 2011],they're actually very close. I don't think the qualitative aspects of the budgets were that different."

Private sector jobs have increased by 31,600 this year, while government employers have shed 11,000 this year, the state employment agency said.

 
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