The national unemployment rate is hovering at 10 percent, while in North Carolina, according to the latest report by the state’s Employment Security Commission (NCESC), statewide unemployment reached 11.8 percent in February. These numbers highlight a troubling trend – a consistently high and increasing rate of unemployment. Since the economic downturn, North Carolina has experienced [...]
- Feb23
The “Jobs Governor” Didn’t Get the Memo
According to Alan Reynolds, senior fellow at the Cato Institute, the federal stimulus actually added about 2 percentage points to the unemployment rate. The jobs the stimulus was claimed to have created or saved can be mostly attributed to extending unemployment benefits and bolstering government programs such as Social Security and Medicaid. Additionally the 4th [...]